OTEC: Otello Corporation share buyback program status

Reference is made to the stock exchange notice from 8 June 2026 announcing the
initiation of the share buyback program for Otello Corporation ASA (the
Company). From 14 September 2026 through 18 September 2026, Pareto Securities AS
has bought 36,129 shares on behalf of the Company at an average price of NOK
18.69 and a total value of NOK 675,216. Since the initiation of this share
buyback program a total of 873,099 shares at an average price of NOK 17.39 and a
total value of NOK 15,183,433 have been acquired. The maximum consideration to
be paid for shares acquired under this buyback program is NOK 20 per share and
the maximum number of shares that can be purchased under this buyback program is
2,192,046. At present date, Otello owns 6,060,103 treasury shares in the
Company, including those bought in the previous buyback programs. The shares are
purchased in accordance with the authorization granted at the Company's annual
general meeting on 3 June 2026.
l meeting on 3 June 2026.\