Registration of share capital reduction

Reference is made to the resolution by the general meeting on 30 September 2021 where a resolution was passed to reduce the Company's share capital by cancellation of treasury shares. The share capital reduction has now been registered with the Norwegian Register of Business Enterprises, and the new registered share capital of the Company is NOK 2,245,994.54, and the total share count is 112,299,727 each having a par value of NOK 0.02.

Petter Lade, CFO

Phone: [phone]

E-mail: [e-mail]

https://news.cision.com/otello-corporation-asa/r/registration-of-share-capital-reduction,c3459657

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