Resolution to reduce share capital and registration of share capital reduction

On 15 September 2025, the board of directors of Otello Corporation ASA (the "Company") passed a resolution to reduce the Company's share capital by NOK 163,979, through redemption of in total 8,198,950 treasury shares. The resolution was carried out in accordance with the board authorization set out in clause 7 of the Company's articles of association, cf. section 12-7 of the Norwegian Public Limited Liability Companies Act. Following registration of the share capital reduction, the new share capital will be NOK 1,475,816.58 divided into 73,790,829 shares, each having a face value of NOK 0.02. The new share capital was registered with the Norwegian Register of Business Enterprises on 20 September 2025. The new registered share capital of the Company is NOK 1,475,816.58 divided into 73,790,829 shares, each having a face value of NOK 0.02.