We refer to our stock exchange announcement on December 4, 2024, where we
informed that the Company had received a request from a group of shareholders
representing just in excess of 5% of the share capital and votes to call for an
extraordinary general meeting (the "EGM").

Following the request, the Board of Directors (the "Board") hereby calls for an
Extraordinary General Meeting to be held in Otello Corporation ASA (the
"Company") on 6 January 2025 at 2:00 pm Norwegian time in the offices at Schjødt
law firm, Tordenskiolds gate 12, Oslo, Norway.

Proxy forms are attached to the calling notice as Enclosure A. The form consists
of two, alternative parts: One part where the chair of the meeting is free to
cast votes in each matter on the agenda, and one part where the shareholder
ticks the box for the desired vote in each matter. The shareholders are free to
choose which part to use and shareholders may also use other dated and signed
proxy forms, if they wish. 

The Company has arranged for shareholders to be able to call in to the EGM and
as such participate in the meeting and have the possibility to raise questions
to the Company's representatives. Votes cannot be cast by phone. Dial-in details
are given in the attached calling notice. 

Shareholders who wish to attend the General Meeting, either in person or by
proxy, are requested to complete and return the attendance slip in Enclosure A
by noon (CET) on 2 January 2025.

Scott Kerrison, CFO 

Phone: +47 41375867

E-mail: scott.kerrison@otellocorp.com