Otello Corporation ASA

AGM Information • May 11, 2022

INNKALLING TIL ORDINÆR GENERALFORSAMLING I

OTELLO CORPORATION ASA (org nr 974 529 459)

Styret innkaller med dette til ordinær generalforsamling i Otello Corporation ASA (heretter "Selskapet"). Møtet avholdes 2. juni 2022 kl. 09:00 norsk tid hos Advokatfirma Schjødt, Ruseløkkveien 14, Oslo, Norge.

Vedlagt denne innkallingen som Vedlegg E er skjema for å gi fullmakt til leder av den ordinære generalforsamlingen. Skjemaet består av to, forskjellige deler: En del hvor møteleder står fritt til å avlegge stemme i den enkelte sak på agendaen, og en del hvor aksjonæren selv krysser av for ønsket stemme i hver sak. Aksjonærene står fritt til å velge hvilken del som ønskes benyttet, og aksjonærene kan også benytte andre daterte og signerte fullmaktsskjema, hvis ønskelig.

Selskapet vil tilrettelegge for at aksjonærer kan ringe inn på generalforsamlingen og på den måten overvære møtet, samt få mulighet til å stille spørsmål til Selskapets representanter. Innringingsdetaljer er som følger:

Click here to join the meeting

Eller ring inn +47 21 40 41 97 Phone Conference ID: 118 910 529#

Vennligst merk at stemmer ikke kan avgis over telefon eller video.

Aksjonærer som ønsker å delta på generalforsamlingen ved oppmøte eller ved fullmakt bes om å fylle ut og returnere påmeldingsskjema i Vedlegg E innen kl 12:00 (CET) 29. mai 2022.

Det påpekes at aksjer som er registrert på en forvalterkonto iht allmennaksjeloven § 4-10 ikke vil gis stemmerett på generalforsamlingen. Dette innebærer at aksjonær som eier aksjer gjennom forvalter må instruere sin forvalter om å avregistrere aksjene fra forvalterkonto, og føre aksjene over på en VPS konto i aksjonærens navn. Dette må skje i tide til at utskrift fra VPS på dagen for

SUMMONS AND AGENDA TO ORDINAY GENERAL MEETING IN

OTELLO CORPORATION ASA (org no 974 529 459)

The Board of Directors (the "Board") hereby calls for an Annual General Meeting to be held in Otello Corporation ASA (the "Company") on 2 June 2022 at 9:00am Norwegian time in the offices at Schjødt law firm, Ruseløkkveien 14, Oslo, Norway.

Attached this calling notice as Enclosure E is a form of proxy to the chair of the meeting. 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 will arrange for shareholders to be able to call in to the general meeting and as such participate in the meeting and have the possibility to raise questions to the Company's representatives. The call-in details are as follows:

Click here to join the meeting

Or dial in +47 21 40 41 97 Phone Conference ID: 118 910 529#

Please note that votes cannot be cast over telephone or video.

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 E by noon (CET) on 29 May 2022.

Please note that, shares which are registered with a nominee account pursuant to section 4-10 of the Public Limited Liability Companies Act will not be allowed to cast votes at the general meeting. This means that a shareholder who owns shares through a nominee must instruct its nominee to deregister the shares from the nominee account and transfer the shares to a VPS account in the name of the shareholder. This must take generalforsamlingen viser at aksjene er registrert på aksjonærenes egen VPS konto.

Innkalling til ordinær generalforsamling er sendt til alle aksjeeiere i Selskapet med kjent adresse. I samsvar med Selskapets vedtekter vil denne innkallingen med alle vedlegg være tilgjengelig på Selskapets hjemmeside, www.otellocorp.com. På forespørsel til Selskapet på +47 91909145 eller e-post til petterl@otellocorp.com fra en aksjonær vil Selskapet vederlagsfritt sende aksjonæren vedleggene A til og med E per post.

På agendaen står følgende saker:

• 1. Åpning av møtet Fortegnelse over møtende aksjonærer.
• 1. Valg av møteleder.
• 1. Godkjennelse av innkalling og dagsorden.
• 1. Valg av en person til å undertegne protokollen sammen med møteleder.
• 1. Godkjennelse av årsregnskapet og årsberetningen for 2021 med fullmakt til styret til å utbetale utbytte.
• 1. Godkjennelse av revisors honorar for 2021.
• 1. Redegjørelse for eierstyring og selskapsledelse.
• 1. Godkjennelse av styremedlemmers godtgjørelse.
• 8.1. Fast godtgjørelse
• 8.2 Godtgjørelse for deltakelse i komiteer
• 1. Godkjennelse av godtgjørelse for medlemmer av Nominasjonskomiteen.
• 1. Fullmakt til styret til å erverve egne aksjer.
• 1. Fullmakt til styret til å forhøye aksjekapitalen ved utstedelse av nye aksjer.
• 11.1 Fullmakt vedrørende ansattes Insentivprogram.
• 11.2 Fullmakt vedrørende oppkjøp.
• 1. Lønn og annen godtgjørelse til ledende ansatte.
• 12.1 Retningslinjer for lederlønn.
• 12.2 Rapport om lederlønn.
• 1. Valg av styremedlemmer.
• 1. Valg av medlemmer til Nominasjonskomiteen
• 1. Avslutning.

place in time so that a transcript from VPS at the day of the general meeting shows that the shares are registered with the shareholder's own VPS account.

The calling notice to the Annual General Meeting has been sent to all shareholders in the Company whose address is known. In accordance with the Company's Articles of Association this calling notice with all appendices will be accessible on the Company's web pages, www.otellocorp.com. Upon request to +47 91909145 or by e-mail to petterl@otellocorp.com from a shareholder, the Company will mail the appendices A through E to the shareholder free of charge.

The following items are on the agenda:

• 1. Opening of the meeting Registration of attending shareholders.
• 1. Election of person to chair the meeting.
• 1. Approval of the calling notice and the agenda.
• 1. Election of a person to co-sign the minutes from the meeting together with the chairperson.
• 1. Approval of the financial statements and annual report for 2021 with authorization for the Board to pay dividends.
• 1. Approval of the auditor's fee for 2021.
• 1. Corporate Governance Statement.
• 1. Approval of remuneration to members of the Board.
• 8.1 Board Remuneration
• 8.2 Remuneration for participation in committees
• 1. Approval of remuneration to the members of the Nomination Committee.
• 1. Board authorization to acquire own shares.
• 1. Board authorization to increase the share capital by issuance of new shares.
• 11.1 Authorization regarding employees' incentive program.
• 11.2 Authorization regarding acquisitions.
• 1. Remuneration for Executive Team.
• 12.1 Guidelines for executive remuneration.
• 12.2 Report on executive remuneration.
• 1. Election of Board members.
• 1. Election of members of the Nomination Committee
• 1. Closing.

1. ÅPNING AV MØTET

Advokat Geir Evenshaug vil åpne den ordinære generalforsamlingen og foreta en fortegnelse over møtende aksjonærer.

2. VALG AV MØTELEDER

Styret har foreslått at advokat Geir Evenshaug velges som møteleder.

3. GODKJENNELSE AV INNKALLING OG DAGSORDEN

Styret foreslår at generalforsamlingen fatter følgende vedtak:

Innkalling og dagsorden godkjennes.

4. VALG AV EN PERSON TIL Å UNDERTEGNE PROTOKOLLEN SAMMEN MED MØTELEDER

Styret foreslår at en person som er til stede på generalforsamlingen velges til å undertegne protokollen sammen med møteleder.

5. GODKJENNELSE AV ÅRS-REGNSKAPET OG ÅRSBERETNINGEN FOR 2021 SAMT STYREFULLMAKT TIL Å BETALE UTBYTTE

Det foreslås at styrets årsberetning og Selskapets årsregnskap for 2021 (Vedlegg A Årsrapport, ikke vedlagt innkallingen men ettersendes gratis per post til de aksjonærer som ber om det), godkjennes. Årsregnskap og årsberetning ble publisert 27. april 2022. Revisors beretning for 2021 inneholder ingen kvalifikasjoner eller reservasjoner. Etter styrets syn var det ingen hendelser i 2021 som har reist vesentlige spørsmål rundt regnskapene eller Selskapets prosedyrer for revisjon.

Selskapets konsoliderte årsregnskap for 2021 er utarbeidet i samsvar med IFRS og er tilgjengelig på Selskapets hjemmeside www.otellocorp.com.

Styret ønsker å utbetale utbytte til aksjonærene basert på regnskapet for 2021. For å ha fleksibilitet i forhold til tidspunkt og størrelse foreslås at styret gis en fullmakt til å beslutte utbyttebetalinger.

1. OPENING OF THE MEETING

Attorney-at-law Geir Evenshaug will open the Annual General Meeting and make a registration of attending shareholders.

2. ELECTION OF PERSON TO CHAIR THE MEETING

The Board has proposed that attorney-at-law Geir Evenshaug is elected to chair the meeting.

3. APPROVAL OF THE CALLING NOTICE AND THE AGENDA

The Board proposes that the General Meeting makes the following resolution:

The calling notice and the agenda are approved.

4. ELECTION OF A PERSON TO CO-SIGN THE MINUTES OF MEETING TOGETHER WITH THE CHAIRPERSON

The Board proposes that one person present at the Annual General Meeting is elected to co-sign the minutes together with the chairperson for the meeting.

5. APPROVAL OF THE FINANCIAL STATEMENTS AND ANNUAL REPORT FOR 2021 AND BOARD AUTHORIZATION TO PAY DIVIDENDS

It is proposed that the Board's annual report and the financial statements of the Company for 2021 (Enclosure A Annual Report, not attached to this notice but forwarded free of charge by mail to shareholders requesting a copy), be approved. The annual report and financial statements were made public on 27 April 2022. The auditor's report for 2021 does not contain any qualifications or reservations. In the opinion of the Board, nothing occurred during 2021 to substantially rise to the level of concerns about the accounts presented or audit procedures used by the Company.

The Company's consolidated financial statements for 2021 are prepared in accordance with IFRS and are available on the Company's website www.otellocorp.com.

The Board wants to pay dividends to the shareholders based on the 2021 financial statements. In order to keep flexibility with respect to timing and size of such dividends, it is proposed that the Board is given the authority to later decide on dividend payments.

Styret foreslår at generalforsamlingen fatter følgende vedtak:

Styrets årsberetning for 2021 og Otello Corporation ASAs årsregnskap for 2021 godkjennes av generalforsamlingen. Styret gis fullmakt til å beslutte utbytte basert på godkjent årsregnskap for 2021. Fullmakten gjelder frem til ordinær generalforsamling i 2023. Styret kan fastsette "ex-dato", "record date" og utbetalingsdato.

6. GODKJENNELSE AV REVISORS HONORAR FOR 2021

Note 7 i det konsoliderte regnskap viser honorar til revisor for Selskapet og dets datterselskaper.

Note 5 til Selskapets regnskap for 2021 viser kostnadsført honorarer til Selskapets revisor for deres tjenester til Selskapet. Styret foreslår at generalforsamlingen fatter følgende vedtak:

Generalforsamlingen godkjenner revisors honorar ifm. revisjonen av årsregnskapet for Otello Corporation ASA for 2021 etter regning.

7. REDEGJØRELSE FOR EIERSTYRING OG SELSKAPSLEDELSE

Redegjørelse for eierstyring og selskapsledelse skal være et eget punkt på agendaen for ordinær generalforsamling. Redegjørelsen er tatt inn i årsberetningen på s. 130.

Redegjørelsen for eierstyring og selskapsledelse er kun gjenstand for diskusjon og ikke separat godkjennelse fra aksjonærenes side.

8. GODKJENNELSE AV GODTGJØRELSE TIL STYREMEDLEMMENE

I samsvar med Selskapets vedtekter § 8, skal nominasjonskomiteen fremlegge forslag til godtgjørelse for styremedlemmene. Komiteens forslag er vedlagt innkallingen som Vedlegg B.

9. GODKJENNELSE AV GODTGJØRELSE TIL MEDLEMMENE AV NOMINASJONS-KOMITEEN

The Board proposes that the General Meeting makes the following resolution:

The Board of Directors' annual report for 2021 and the financial statements of Otello Corporation ASA for 2021 are approved by the General Meeting. The Board is granted the authorization to approve a dividend based on the approved financial statements for 2021. The authorization is valid until the ordinary general meeting in 2023. The Board may determine the "ex-date", "record date" and the payment date.

6. APPROVAL OF THE AUDITOR'S FEE FOR 2021

Note 7 to the consolidated financial statements provides disclosure of the fees to the auditor for the Company and its subsidiaries.

Note 5 to the Company's financial statements for 2021 provides disclosure of the fees to the Company's auditor for professional services to the Company. The Board proposes that the General Meeting makes the following resolution:

The General Meeting approves the annual auditor's fees for the 2021 audit of the annual accounts of Otello Corporation ASA in accordance with invoice.

7. CORPORATE GOVERNANCE STATEMENT

The corporate governance statement of the Company shall be a separate item on the agenda for the Annual General Meeting. The statement is included in the annual report at page 130.

This is a non-voting item as the corporate governance statement is subject to discussions only and not to separate approval by the shareholders.

8. APPROVAL OF REMUNERATION TO BOARD MEMBERS

Pursuant to Section 8 of the Articles of Association, the Nomination Committee shall present a motion for approval of remuneration for the members of the Board. The Committee's proposal is attached hereto as Enclosure B.

9. APPROVAL OF REMUNERATION TO THE MEMBERS OF THE NOMINATION COMMITTEE

Styret fremmer forslag til godtgjørelse for medlemmene av komiteen. Godtgjørelsen gjelder perioden fra og med forrige ordinære generalforsamling til og med 2. juni 2022. Forslag til godtgjørelse ligger innenfor det som ble foreslått og vedtatt på ordinær generalforsamling i 2021.

Styret foreslår at generalforsamlingen fatter følgende vedtak:

Generalforsamlingen godkjenner godtgjørelsen til hvert av medlemmene i nominasjonskomiteen for perioden fra og med forrige ordinære generalforsamling til og med 2. juni 2022. Lederen av komiteen godtgjøres med NOK 60.000 og hver av de andre medlemmene godtgjøres med NOK 30.000.

10. FULLMAKT TIL STYRET TIL Å ERVERVE EGNE AKSJER

Styret er av den oppfatning at en beholdning av egne aksjer vil gi Selskapet fleksibilitet, bl.a. i forhold til oppfyllelse av aksjeinsentiv-programmer for ansatte, og til finansiering av mulige oppkjøp og andre mulige transaksjoner foretatt av Selskapet, i tillegg til å styrke Selskapets kapitalstruktur.

Styret foreslår derfor at generalforsamlingen vedtar å fornye eksisterende fullmakt til styret til å erverve egne aksjer, og å utvide denne til også å kunne kjøpe tilbake aksjer til over børskurs i forbindelse med offentlig tilbud fremsatt av Selskapet. Eksisterende fullmakt ble vedtatt på ordinær generalforsamling i 2020.

Den foreslåtte fullmaktens størrelse er like under 10 % av registrert aksjekapital på tidspunktet for generalforsamlingen og etter pågående kapitalnedsettelse. Fullmakten vil kun benyttes innenfor gjeldende regelverk. Fullmakten innebærer ingen autorisasjon for styret til å vedta nye insentivordninger, og denne fullmakten kan ikke benyttes til å finansiere styremedlemmers opsjoner.

Forslag til vedtak:

a) Styret gis fullmakt til å kjøpe aksjer i Selskapet. Aksjene må kjøpes til alminnelige markedsbetingelser i eller i forbindelse med et regulert marked der aksjene omsettes, eller i forbindelse med offentlige tilbud fremsatt av Selskapet til pris under eller over markedskurs.

The Board presents a motion for approval of remuneration to the members of the Nomination Committee. The remuneration relates to the period from and including the previous Annual General Meeting to and including 2 June 2022. The proposed remuneration is in line with what was proposed and approved at the annual general meeting in 2021.

The Board proposes that the General Meeting makes the following resolution:

The General Meeting approves the fee to each member of the Nomination Committee for the period from and including the previous Annual General Meeting to and including 2 June 2022. The chairman of the committee receives NOK 60,000 and each of the other members receives NOK 30,000.

10. AUTHORIZATION TO ACQUIRE OWN SHARES

In the opinion of the Board, treasury shares will give the Company flexibility, e.g. in terms of satisfying employee share incentive plans and to fund possible acquisitions and other possible corporate transactions by the Company, as well as to strengthen the Company's capital structure.

The Board thus proposes that the General Meeting resolve to renew the existing authority to the Board to acquire own shares, and to expand the scope to also comprise buy backs above market price in connection with public offer made by the Company. The existing authorization was approved by the ordinary general meeting in 2020.

The size of the proposed authorization is slightly below 10% of the registered share capital at the time of the General Meeting and following the ongoing capital reduction. The authorization will only be utilized within applicable rules and regulations. The authorization does not give the Board the authority to adopt new incentive schemes and this authorization cannot be used to fund Board member's options.

Proposed resolution:

a) The Board of Directors is authorized to acquire shares in the Company. The shares are to be acquired at market terms in or in connection with a regulated market where the shares are traded, or in connection with public offers made by the Company for prices below or above market price.

• b) Aksjene skal avhendes enten som en del av oppfyllelsen av insentivprogrammer for ansatte, som en del av vederlaget ved oppkjøp som foretas av Selskapet, som en del av vederlaget i fusjoner, fisjoner eller oppkjøp som involverer Selskapet, for å innhente midler til spesifikke investeringer, i den hensikt å nedbetale lån eller styrke Selskapets kapitalgrunnlag, eller ved kapitalnedsettelse. Styret står fritt til å velge hensiktsmessige avhendingsmetoder for disse formål.
• c) Den maksimale pålydende verdi av aksjene som totalt kan erverves i henhold til denne fullmakt er NOK 182.199. Det minste beløp som kan betales for hver aksje som kjøpes i henhold til denne fullmakt er NOK 5, og det maksimale beløp er NOK 200.
• d) Denne fullmakten omfatter retten til å etablere pant i Selskapets egne aksjer.
• e) Denne fullmakten gjelder fra registrering i Foretaksregisteret og til og med 30. juni 2023.
• f) Fullmakten erstatter eksisterende fullmakt ved registrering i Foretaksregisteret.

11. FULLMAKT TIL STYRET TIL Å FORHØYE AKSJEKAPITALEN VED UTSTEDELSE AV NYE AKSJER

Styret foreslår å videreføre eksisterende fullmakt til å utstede aksjer (dog justert ned iht gjennomført kapitalnedsettelse). I samsvar med norsk anbefaling for eierstyring og selskapsledelse foreslår styret å dele fullmakten i to; en for oppfyllelse av insentivprogram og en som kan benyttes i forbindelse med oppkjøp. Fullmaktene er formulert slik at de samlet sett ikke skal kunne innebære utstedelse av mer enn 10 % av registrert aksjekapital på tidspunktet for generalforsamlingen og etter pågående kapitalnedsettelse. For å muliggjøre utstedelse av aksjer til ansatte og/eller i forbindelse med rettede emisjoner, foreslås at styret kan fravike eksisterende aksjonærers fortrinnsrett ved tegning.

11.1 Fullmakt vedrørende Insentivprogram

Fullmakten innebærer ingen autorisasjon for styret til å vedta nye insentivordninger.

• b) The shares may be disposed of to meet obligations under employee incentive schemes, as part of consideration payable for acquisitions made by the Company, as part of consideration for any mergers, demergers or acquisitions involving the Company, to raise funds for specific investments, for the purpose of paying down loans, or in order to strengthen the Company's capital base, or by a share capital reduction. The Board is free to choose the method of disposal considered expedient for such purposes.
• c) The maximum face value of the shares which the Company may acquire pursuant to this authorization is in total NOK 182,199. The minimum amount which may be paid for each share acquired pursuant to this power of attorney is NOK 5, and the maximum amount is NOK 200.
• d) The authorization comprises the right to establish pledge over the Company's own shares.
• e) This authorization is valid from registration with the Norwegian Register of Business Enterprises and until and including 30 June 2023.
• f) The authorization replaces the current authorization when registered in the Norwegian Register of Business Enterprises.

11. BOARD AUTHORIZATION TO INCREASE THE SHARE CAPITAL BY ISSUANCE OF NEW SHARES

The Board proposes to renew the existing authorization to issue shares (however adjusted downwards in accordance with the completed share capital reduction). In accordance with the Norwegian Code on Corporate Governance, the Board proposes to split the authorization into two; one relating to fulfillment of incentive programs and one which can be utilized in connection with acquisitions. The authorizations are worded in such a way that they in the aggregate cannot result in issuance of new shares of more than 10% of the registered share capital at the time of the General Meeting and following the ongoing capital reduction. In order to make possible share issues to employees and/or private placements, it is proposed that the Board may set aside existing shareholders' right to subscribe shares.

11.1 Authorization regarding incentive program

The authorization does not give the Board the authority to adopt new incentive schemes.

Styret foreslår at generalforsamlingen fatter følgende vedtak:

• a) Styret gis fullmakt til å forhøye aksjekapitalen med inntil NOK 182.199 ved en eller flere utstedelser av totalt inntil 9.109.950 aksjer, hver pålydende NOK 0,02. Tegningskurs og øvrige vilkår fastsettes av styret.
• b) Fullmakten skal omfatte kapitalforhøyelse mot innskudd i andre eiendeler enn penger, eller rett til å pådra Selskapet særlige plikter.
• c) Aksjonærenes fortrinnsrett etter allmennaksjeloven § 10-4 kan fravikes av styret.
• d) Fullmakten skal benyttes til bruk for utstedelse av aksjer i forbindelse med Selskapets til enhver tid gjeldende insentivprogrammer i Otello konsernet.
• e) Fullmakten gjelder fra registrering i Foretaksregisteret og frem til og med 30. juni 2023.
• f) Fullmakten erstatter eksisterende fullmakt ved registrering i Foretaksregisteret.
• g) Fullmakten kan ikke benyttes dersom Selskapet i perioden 2. juni 2022 til 30. juni 2023 i henhold til fullmakt gitt styret har utstedt nye aksjer i Selskapet som utgjør mer enn 10 % av Selskapets aksjekapital på tidspunktet for generalforsamlingen.

11.2 Fullmakt vedrørende oppkjøp

Styret foreslår at generalforsamlingen fatter følgende vedtak:

• a) Styret gis fullmakt til å forhøye aksjekapitalen med inntil NOK 182.199 ved en eller flere utstedelser av totalt inntil 9.109.950 aksjer, hver pålydende NOK 0,02. Tegningskurs og øvrige vilkår fastsettes av styret.
• b) Fullmakten skal omfatte kapitalforhøyelse mot innskudd i andre eiendeler enn penger, eller rett til å pådra Selskapet særlige plikter.

The Board proposes that the General Meeting makes the following resolution:

• a) The Board of Directors is authorized to increase the Company's share capital by a total amount of up to NOK 182,199, by one or several share issues of up to a total of 9,109,950 shares, each with a nominal value of NOK 0.02. The subscription price and other terms will be determined by the Board of Directors.
• b) The authorization includes the right to increase the Company's share capital in return for non-cash contributions or the right to assume special obligations on behalf of the Company.
• c) The preferential rights pursuant to Section 10-4 of the Public Limited Liability Companies Act may be deviated from by the Board of Directors.
• d) The authorization may only be used for issuing of new shares in relation to the Company's incentive schemes existing at any time in the Otello group.
• e) The authorization shall be effective from the date it is registered in the Norwegian Register of Business Enterprises and shall be valid until and including 30 June 2023.
• f) The authorization replaces the current authorization when registered in the Norwegian Register of Business Enterprises.
• g) The authorization cannot be used if the Company has issued new shares in the Company representing more than 10% of the Company's share capital at the time of the General Meeting in the period of 2 June 2022 to 30 June 2023 pursuant to board authorizations.

11.2 Authorization regarding acquisitions

The Board proposes that the General Meeting makes the following resolution:

• a) The Board of Directors is authorized to increase the Company's share capital by a total amount of up to NOK 182,199, by one or several share issues of up to a total of 9,109,950 shares, each with a nominal value of NOK 0.02. The subscription price and other terms will be determined by the Board of Directors.

• b) The authorization includes the right to increase the Company's share capital in return for non-cash contributions or the right to assume special obligations on behalf of the Company.

• c) Aksjonærenes fortrinnsrett etter allmennaksjeloven § 10-4 kan fravikes av styret.

• d) Fullmakten skal benyttes i forbindelse med oppkjøp av virksomheter eller selskap, herunder fusjon, innen de virksomhetsområder som drives av Otello konsernet eller som hører dertil.
• e) Fullmakten gjelder fra registrering i Foretaksregisteret og frem til og med 30. juni 2023.
• f) Fullmakten erstatter eksisterende fullmakt ved registrering i Foretaksregisteret.
• g) Fullmakten kan ikke benyttes dersom Selskapet i perioden 2. juni 2022 til 30. juni 2023 i henhold til fullmakt gitt styret har utstedt nye aksjer i Selskapet som utgjør mer enn 10 % av Selskapets aksjekapital på tidspunktet for generalforsamlingen.

12. LØNN OG ANNEN GODTGJØRELSE TIL LEDENDE ANSATTE

SAK 12.1 –Retningslinjer for lederlønn

Nye regler i § 6-16a i allmennaksjeloven gjør at Selskapet nå skal fremlegge retningslinjer om fastsettelse av lønn og annen godtgjørelse til ledende personer. Forslag til retningslinjer er vedlagt innkallingen som Vedlegg C. Vedtatte retningslinjer vil gjelde for fire år eller frem til det foreslås vesentlige endringer.

Forslag til vedtak: "Fremlagte retningslinjer godkjennes."

SAK 12.2 – Rapport om lederlønn

Nye regler i § 6-16b i allmennaksjeloven gjør at Selskapet skal fremlegge en årlig rapport som gir en samlet oversikt over utbetalt og innestående lønn og godtgjørelse som omfattes av retningslinjene som fremlagt i sak 10A.

Godtgjørelsesrapport for 2021 er inntatt på side 124 i Selskapets årsrapport for 2021.

Forslag til vedtak:

"Rapporten godkjennes."

• c) The preferential rights pursuant to Section 10-4 of the Public Limited Liability Companies Act may be deviated from by the Board of Directors.
• d) The authorization may only be used in connection with acquisitions of businesses or companies, including mergers, within the business areas operated by the Otello group, or which relates thereto.
• e) The authorization shall be effective from the date it is registered in the Norwegian Register of Business Enterprises and shall be valid until and including 30 June 2023.
• f) The authorization replaces the current authorization when registered in the Norwegian Register of Business Enterprises.
• g) The authorization cannot be used if the Company has issued new shares in the Company representing more than 10% of the Company's share capital at the time of the General Meeting in the period of 2 June 2022 to 30 June 2023 pursuant to board authorizations.

12. REMUNERATION FOR SENIOR EXECUTIVES

Item 12.1 – Guidelines for executive remuneration

New provisions in § 6-16a of the Public Limited Liability Companies Act (the "PLCA") state that the Company shall submit a policy for determination of salary and other remuneration for senior management. A proposal for such policy is attached hereto as Appendix C. The approved policy will apply for four years or until substantial changes are proposed.

Proposed resolution: "The presented policy is approved."

ITEM 12.2 – Report on executive remuneration

New provisions in § 6-16b of the PLCA state that the Company shall submit an annual report which gives an overall overview of paid and accrued salary and remuneration as comprised by the policy submitted in item 10A.

The Company's remuneration report for 2021 is included on page 124 in the Company's annual report for 2021.

Proposed resolution:

"The report is approved."

13. VALG AV STYREMEDLEMMER

I samsvar med Selskapets vedtekter § 8 skal Nominasjonskomiteen fremme forslag til nye styremedlemmer. Forslaget er fremlagt som Vedlegg D.

14. VALG AV MEDLEMMER TIL NOMINASJONSKOMITEEN

I samsvar med Selskapets vedtekter § 8 skal Nominasjonskomiteen fremme forslag til nye medlemmer til komiteen. Forslaget er fremlagt som del av Vedlegg D.

15. AVSLUTNING

Selskapet er et norsk allmennaksjeselskap underlagt norsk lovgivning, derunder allmennaksjeloven og verdipapirhandelloven. Selskapet har pr dagen for denne innkallingen utstedt 101.099.727 aksjer. I Selskapets generalforsamling har hver aksje én stemme. Aksjene har også for øvrig like rettigheter.

Selskapet eier på dato for denne innkallingen 11 199 998 egne aksjer før pågående kapitalnedsettelse er ferdigstilt.

En aksjeeier har rett til å få behandlet spørsmål på generalforsamlingen. Spørsmålet skal meldes skriftlig til styret innen syv dager før fristen for innkalling til generalforsamling sammen med et forslag til beslutning eller en begrunnelse for at spørsmålet settes på dagsordenen. Har innkallingen allerede funnet sted, skal det foretas en ny innkalling dersom fristen for innkalling til generalforsamling ikke er ute. En aksjeeier har også rett til å fremsette forslag til beslutning.

En aksjeeier kan kreve at styremedlemmer og daglig leder på generalforsamlingen gir tilgjengelige opplysninger om forhold som kan innvirke på bedømmelsen av godkjennelse av årsregnskapet og årsberetningen, saker som er forelagt aksjeeierne til avgjørelse og Selskapets økonomiske stilling.

13. ELECTION OF BOARD DIRECTORS

Pursuant to Section 8 of the Articles of Association, the Nomination Committee shall submit its proposal for new Board members. The proposal is attached hereto as Enclosure D.

14. ELECTION OF MEMBERS TO THE NOMINATION COMMITTEE

Pursuant to Section 8 of the Articles of Association, the Nomination Committee shall submit its proposal for new members to the Committee. The proposal is attached hereto as part of Enclosure D.

15. CLOSING

The Company is a Norwegian public limited liability company governed by Norwegian law, thereunder the Public Limited Liability Companies Act and the Securities Trading Act. As of the date of this calling notice, the Company has issued 101,099,727 shares. In the Company's General Meeting each share has one vote. The shares have equal rights in all respects.

As at the date of this calling notice, the Company owns 11 199 998 treasury shares before the completion of the ongoing capital reduction.

A shareholder has the right to put matters on the agenda of the general meeting. The matter shall be reported in writing to the Board within seven days prior to the deadline for the notice to the general meeting, along with a proposal to a draft resolution or a justification for the matter having been put on the agenda. In the event that the notice has already taken place, a new notice shall be sent if the deadline has not already expired. A shareholder has in addition a right to put forward a proposal for resolution.

A shareholder may require directors and the general manager to furnish in the general meeting all available information about matters that may affect the consideration of the adoption of the annual financial statement and the annual report, any matters that have been submitted to the shareholders for decision and the Company's financial position.

Please note that the translation into English is for information purposes only and that the Norwegian text shall prevail in case of any inconsistencies.

André Christiansen Styrets leder / Chairman of the Board of Directors (sign.)

____________________________

SAK 8: GOTDGJØRELSE TIL	ITEM 8: REMUNERATION TO BOARD
STYREMEDLEMMER	DIRECTORS
I samsvar med § 8 i Selskapets vedtekter	Pursuant to Section 8 of the Articles of
fremlegger Nominasjonskomiteen forslag til	Association, the Nomination Committee
godtgjørelse til aksjonærvalgte	presents a motion for approval of remuneration
styremedlemmer.	for the shareholder elected directors.
SAK 8.1 STYREHONORAR	ITEM 8.1 BOARD REMUNERATION
Nominasjonskomiteen foreslår at fast	The Nomination Committee proposes a fixed
godtgjørelse bli lik som i fjor.	remuneration in line with last year.
Nominasjonskomiteen foreslår følgende vedtak:	The Nomination Committee proposes the
	following resolution:
Fast godtgjørelse til styremedlemmene fra 2. juni	The fixed remuneration to the members of the
2022 til neste ordinære generalforsamling skal, på	Board from 2 June 2022 to the next ordinary
12 måneders basis, være NOK 275.000 for hvert av	general meeting shall on a 12 months' basis be
de aksjonærvalgte styremedlemmene. For styrets	NOK 275,000 for each shareholder elected
leder er godtgjørelsen på 12 måneders basis	member. For the chairperson of the Board, the
NOK 600.000. For styremedlemmer bosatt	fixed remuneration on a 12 months' basis is
utenfor Europa betales i tillegg NOK 20.000 for	NOK 600,000. For Board members resident
hvert styremøte med reise.	outside Europe, NOK 20,000 for each Board meeting with travel is paid in addition.
Kontant honorar betales etterskuddsvis halvårlig.	Cash remuneration is paid semi-annually in
	arrears.
SAK 8.2 GODTGJØRELSE FOR DELTAKELSE	ITEM 8.2 REMUNERATION FOR
I KOMITEER	PARTICIPATION IN COMMITTEES
Nominasjonskomiteen foreslår at formann og aksjonærvalgte medlemmer av	The Committee proposes that the Chairman
	and shareholder elected members of the audit
revisjonskomiteen og kompensasjonskomiteen mottar en godtgjørelse på henholdsvis NOK	committee and remuneration committee receive NOK 60,000 and NOK 30,000, respectively,
60.000 for leder og NOK 30.000 for andre	both on a 12 months' basis, from 2 June 2022 to
medlemmer, begge på 12 måneders basis, fra 2.	the next ordinary shareholders' meeting.
juni 2022 til neste ordinære generalforsamling.

Leder av Nominasjonskomiteen / Chairperson of the Nomination Committee OTELLO CORPORATION ASA Simon Davies (sign.)

Declaration of executive compensation policies

PART 1:

POLICIES AND EXECUTIVE COMPENSATION EXCEPT SHARE-BASED INCENTIVES

The Board of Directors has, in accordance with the Public Limited Liability Companies Act § 6-16a, developed policies regarding compensation for the Executive Team.

The objectives of the Executive Team compensation program are, in particular, to (i) attract, motivate, retain and reward the individuals on the Executive Team and (ii) ensure alignment of the Executive Team with the long-term interests of the shareholders. The Company's Executive Team compensation program is intended to be performance driven and is designed to reward the Executive Team for both reaching key financial goals and strategic business objectives and enhancing shareholder value.

The most important components of Executive Team compensation are as follows: (i) base salary, (ii) cash-incentive bonus and (iii) long-term, equity-based incentives. Only the statement in Part 2 "Share-based incentives", below, will be binding for the Board of Directors.

1. Base salary

Base salary is typically the primary component of Executive Team compensation and reflects the overall contribution of the executive to the Company. The determination of base salaries for the executives considers a range of factors, including (i) job scope and responsibilities, (ii) competitive pay practices, (iii) background, training and experience of the executive, and (iv) past performance of the executive at the Company. Adjustments to base salary are ordinarily reviewed every 12 months or longer by the Board.

2. Cash incentive bonus

The Company uses a cash-incentive bonus to focus the Executive Team members on, and reward the Executive Team members for, achieving key corporate objectives, which typically involve corporate, financial and operational performance. Cash-incentive bonuses tied to strategic business objectives, which may be individual to or shared among the Executive Team members, may also be considered as part of the cash-incentive bonus. The determination of the total bonus that can be potentially earned by an executive in a given year is based on, among other factors, the executive's current and expected contributions to the Company's performance, his or her position within the Executive Team, and competitive compensation practices.

In October 2020, members of the Executive Team agreed new cash bonus structures where annual, cash bonus in based on 100-200% achievement of targets. The Board may deviate from the 200% cap. As a starting point, the cash-incentive bonus for FY 2021 for Executive Team members was, and for FY 2022 will be, based on business-/operational targets and achievements of these targets.

Further, as a condition for accepting to terminate all then existing options and replacing them with new options (as approved by the general meeting on 15 January 2021), it was also agreed that the CEO would be paid NOK 6 million and the CFO would be paid NOK 500,000 in cash bonus for 2019 and 2020, where half of the bonus would be considered part of the 2020 bonus and be taken into account when the Executive's total 2020 bonus was determined in early 2021, while half of the bonus would be considered as an extraordinary bonus.

After considering the above, the CEO was paid NOK 1.4 million and the CFO was paid NOK 850,000 in cash bonus in 2021 related to the 2020 year.

3. Severance-payment arrangements

Pursuant to Section 15-16 second subsection of the Norwegian 2005 Act relating to Employees' Protection, CEO Lars Boilesen has waived his rights under Chapter 15 of the Act. As compensation, he is entitled to a severance payment of two years' base salary if his employment is terminated by the Company. If the CEO has committed a gross breach of his duty or other serious breach of the contract of employment, the employment can be terminated with immediate effect without any right for the CEO to the mentioned severance payment.

Except for the CEO as described above, the employment agreements for the members of the Executive Team have no provisions with respect to severance payments if a member of the Executive Team should leave his or her position, whether voluntarily or involuntarily. Severance payment arrangements, if any, will thus be based on negotiations between the Company and the relevant member of the Executive Team on a case-by-case basis.

4. Pension

Members of Executive Team participate in regular pension programs available for all employees of Company. For members of the Executive Team based in Norway, an additional pension agreement is in place. This agreement is based on a defined-contribution scheme and contributes 20% of salary over 12G.

PART 2: SHARE-BASED INCENTIVES

1. Existing programs

For members of the Executive Team, the Company currently has no ordinary stock option program or RSU program in place. The previous stock options held by the Executive Team were mandatorily exercised following the Bemobi IPO and AdColony sale.

2. Vesting criteria for existing options

N/A.

PART 3:

2021 COMPLIANCE

In 2021, the Executive Team received base salaries and cash-incentive bonuses in line with the Executive Compensation Policy as presented to the 2020 Annual General Meeting and as set out in Part I, item 2 "Cash incentive bonus" as described above.

Total compensation earned for the Executive Team in FY 2021 is summarized in note 6 of the consolidated financial statements.

During 2021, no deviations from the existing share-based compensation programs as previously approved were made with respect to the Executive Team. No new options have been approved since the extraordinary general meeting held 15 January 2021.

SAK 13: VALG AV STYREMEDLEMMER	ITEM 13: ELECTION OF NEW BOARD DIRECTORS
I samsvar med § 8 i Selskapets vedtekter fremlegger Nominasjonskomiteen forslag til valg av styremedlemmer.	Pursuant to Section 8 of the Articles of Association, the Nomination Committee presents a motion for election of a new Board Directors.
Styremedlemmer Anooj Unarket og Birgit Midtbust har bedt om avløsning. Komiteen foreslår de erstattes av Karin Fløistad og Magdalena Maria Kadziolka, og at styret ellers gjenvelges. Komiteen anbefaler videre at styret senere gjenvelger Andre Christensen som styrets leder. Alle kandidater foreslås valgt for 1 år eller frem til neste ordinære generalforsamling.	Board members Anooj Unarket and Birgit Midtbust have asked to resign. The Committee proposes that they are replaced by Karin Fløistad and Magdalena Maria Kadziolka, and that the remaining Board is re-elected. The Committee further recommends that the Board later re-elects Andre Christensen as the chairperson. All candidates are proposed elected for 1 year or until the next annual general meeting.
Etter Nominasjonskomiteens oppfatning er kandidatene, bortsett fra Magdalena Maria Kadziolka (Giambalvo) som er ansatt i Sand Grove Capital, uavhengig i forhold til Selskapets hovedaksjonærer, mens alle kandidater er uavhengig i forhold til Selskapets ledelse og forretningsforbindelser.	In the view of the Committee, the candidates, except for Magdalena Maria Kadziolka (Giambalvo) who is employed by Sand Grove Capital, are independent from the Company's main shareholders and all candidates are independent of the Company's management and business connections.
Komiteen er kjent med at det foreslåtte styrets sammensetning ikke er i samsvar med lovens krav til borgerskap og bosted. Imidlertid er det søkt unntak for Magdalena Maria Kadziolka, og komiteen antar at slikt unntak foreligger før generalforsamlingen.	The Committee is aware that the proposed board's composition is not in compliance with legal requirements for citizenship and residency. However, an exemption has been applied for Magdalena Maria Kadziolka and the Committee assumes that such an exemption is granted before the General Meeting.
Forslag til vedtak:	Proposed resolution:
Sak 13.1 Andre Christensen velges som styremedlem.	Item 13.1 Andre Christensen is elected as director.
Sak 13.2 Karin Fløistad velges som styremedlem (se vedlagt CV).	Item 13.2 Karin Fløistad is elected as director (see attached CV).
Sak 13.3 Song Lin velges som styremedlem.	Item 13.3 Song Lin is elected as director.
Sak 13.4 Magdalena Maria Kadziolka (Giambalvo) velges som styremedlem (se vedlagt bio).	Sak 13.4 Magdalena Maria Kadziolka (Giambalvo) is elected as director (see attached bio).
Sak 13.5 Maria Borge Andreassen velges som styremedlem.	Sak 13.5 Maria Borge Andreassen is elected as director.
Alle velges for en periode på ett år eller til ordinær generalforsamling i 2023. Stemmer avgis separat for hver kandidat.	All are elected for a period of one year or the 2023 Annual General Meeting. Votes are cast separately for each candidate.
SAK 14: VALG AV MEDLEMMER TIL NOMINASJONSKOMITEEN	ITEM 14: ELECTION OF MEMBERS TO THE NOMINATION COMMITTEE
Komiteen foreslår at nåværende medlemmer gjenvelges for ett år eller til ordinær generalforsamling i 2023.	The Committee proposes that the current members are re elected for a period of one year or the 2023 Annual General
Forslag til vedtak:	Meeting.
Sak 14.1: Simon Davies velges som leder.	Proposed resolution:
Sag 14.2: Jakob Iqbal velges som medlem.	Sak 14.1: Simon Davies is elected as chairperson.
	Sag 14.2: Jakob Iqbal is elected as member.
Sak 14.3: Kari Stautland velges som medlem.	Sak 14.3: Kari Stautland is elected as member.
Alle velges for en periode på ett år eller til ordinær generalforsamling i 2023. Stemmer avgis separat for hver kandidat.	All are elected for a period of one year or the 2023 Annual General Meeting. Votes are cast separately for each candidate.

VEDLEGG D / ENCLOSURE D

Karin Fløistad's CV

Experience

2013	-	(today)	Senior Associate/Partner, Advokatfirmaet Simonsen Vogt Wiig AS
2016			Ph.D. European University Institute, Firenze
2010	-	2012	Senior Associate/Partner, Advokatfirmaet Simonsen Vogt Wiig AS
2000	-	2009	Senior Associate, Office of the Attorney General for Civil Affairs
1998	-	2000	Senior Executive Officer, Ministry of Justice's Department of Legal Affairs
Education
2003			Master of European Law, European University Institute, Firenze
2001			EU Law, Kings College i London
1997			Cand. Jur., University of Oslo
1993			Cand. mag., Political Science, University of Oslo

Maggie Kadziolka's BIO

Maggie Kadziolka is the Chief Compliance Officer at Sand Grove Capital Management where she is responsible for U.S. and global regulatory compliance. In addition, she serves as a Board member of Sand Grove Special Purpose Fund I Ltd and Sand Grove (Cayman) GP Ltd. Before joining Sand Grove in January 2019, Maggie was the Chief Compliance Officer and General Counsel at Ivory Investment Management, LLC ("Ivory"), where she was responsible for legal and regulatory support concerning U.S. and foreign matters. Prior to this, Maggie worked in Cordium's (since acquired by ACA Compliance) compliance consulting division from April 2013 until 2016, where she managed global regulatory matters for a client base of investment advisers of hedge funds, private equity funds and fund of funds. She began her career as an attorney at a law firm founded by former SEC attorneys where her practice included SEC defense and investment adviser regulation. Maggie received a B.A. in Political Science and French (Cum Laude and with Honors), from New York University in 2006. In 2009, Maggie obtained her J.D. (Magna Cum Laude), from New York Law School, where she was also a member of the Law Review.

ENCLOSURE E – ANNUAL GENERAL MEETING OTELLO CORPORATION ASA

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Notice of Annual General Meeting An Annual General Meeting in Otello Corporation ASA will be held 2 June 2022 at 09:00 Norwegian time at Schjødt law firm, Ruseløkkveien 14, Oslo, Norway.

Attendance form

In the event the shareholder is a legal entity it will be represented by:

Name of representative (To grant proxy, use the proxy form below)

_____________________________________________________________

If you wish to attend the Annual General Meeting, we kindly ask you to send this form to Otello Corporation ASA c/o DNB Bank ASA, Verdipapirservice, P.O. Box 1600 Sentrum, N-0021 Oslo, Norway, or e-mail genf@dnb.no. Attendance may also be registered on Otello Corporation ASA's homepage on www.otellocorp.com or through "Investortjenester", a service provided by most Norwegian registrars. The pin code and the reference number are required for registration. The form must be registered by DNB Bank Verdipapirservice no later than 29 May 2022 at noon/12:00 CET.

The undersigned will attend at Otello Corporation ASA's Annual General Meeting on 2 June 2022 and vote for

own shares

other shares in accordance with enclosed proxy

In total shares

Place Date Shareholder's signature (If attending personally. To grant proxy, use the form below)

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Proxy (without voting instructions)

If you are not able to attend the Annual General Meeting, this proxy form can be used. The present proxy form relates to proxies without instructions. To grant proxy with voting instructions, please go to page 3 of this form.

We kindly ask you to send the proxy form to Otello Corporation ASA c/o DNB Bank ASA, Verdipapirservice, P.O. Box 1600 Sentrum, N-0021 Oslo, Norway, or e-mail genf@dnb.no. Web-based registration of the proxy is available through "Investortjenester", a service provided by most Norwegian registrars. The pin code and the reference number are required for registration. The proxy must reach DNB Bank Verdipapirservice no later than 29 May 2022 at noon/12:00 CET.

The undersigned hereby grants the chairperson of the Annual General Meeting (or a person designated by him) proxy to attend and vote at the Annual General Meeting of Otello Corporation ASA on 2 June 2022 for all my/our shares.

Place Date Shareholder's signature (Signature only when granting proxy)

With regard to rights of attendance and voting we refer you to The Norwegian Public Limited Liability Companies Act, in particular Chapter 5. A written power of attorney dated and signed by the beneficial owner giving such proxy must be presented at the meeting.

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Proxy (with voting instructions)

If you wish to give voting instruction to the proxy holder, please use the present proxy form. The items in the detailed proxy below refer to the items in the Annual General Meeting agenda. We kindly ask you to send the proxy with voting instructions by mail to Otello Corporation ASA c/o DNB Bank ASA, Verdipapirservice, P.O. Box 1600 Sentrum, NO-0021 Oslo, Norway, or by e-mail genf@dnb.no. Online registration is not available for registrations of voting instructions. The proxy must reach DNB Bank Verdipapirservice no later than 29 May 2022 at noon/12:00 CET.

The undersigned hereby grants the chairperson of the Annual General Meeting (or a person designated by him) proxy to attend and vote at the Ordinary General Meeting of Otello Corporation ASA on 2 June 2022 for all my/our shares. The votes shall be submitted in accordance with the instructions below. Please note that any items below not voted for (not ticked off), will be deemed as an instruction to vote "in favour" of the proposals in the notice. Any motion from the floor, amendments or replacement to the proposals in the agenda, will be determined at the proxy holder's discretion. In case the contents of the voting instructions are ambiguous, the proxy holder will base his/her understanding on a reasonable understanding of the wording of the proxy. Where no such reasonable understanding can be found, the proxy holder may at his/her discretion refrain from voting.

AGENDA ANNUAL GENERAL MEETING 2022		IN FAVOUR	AGAINST	ABSTAIN
1.	Opening by the chairman of the Board – Registration of attending shareholder (NO VOTING ITEM)
2.	Election of chairperson for the meeting			
3.	Approval of the calling notice and the agenda			
4.	Election of person to countersign the minutes			
5.	Approval of the financial statements and annual report for 2021 with authorization to pay dividends			
6.	Approval of the auditor's fee for 2021			
7.	Corporate Governance Statement (NO VOTING ITEM)
8.	Approval of remuneration to Board members as proposed by the Nomination Committee
	8.1 Board Remuneration			
	8.2 Remuneration for participation in committees			
9.	Approval of remuneration to the members of the Nomination Committee			
10.	Board authorization to acquire own shares			
11.	Board authorization to increase the share capital by issuance of new shares
	11.1 Authorization regarding employees' incentive program			
	11.2 Authorization regarding acquisitions			
12.	Remuneration for Executive Team

ENCLOSURE E – 2022 AGM OTELLO CORPORATION ASA
-----------------------------------------------	--

	12.1 Guidelines for executive remuneration			
	12.2 Report on executive remuneration			
13.	Election of Board members as proposed by the Nomination Committee			
	13.1 Election of Andre Christensen			
	13.2 Election of Karin Fløistad			
	13.3 Election of Song Lin			
	13.4 Election of Magdalena Maria Kadziolka (Giambalvo)			
	13.5 Election of Maria Borge Andreassen			
14.	Election of members to the Nomination Committee as proposed by the Nomination Committee			
	14.1 Election of Simon Davies as chairperson			
	14.2 Election of Jakob Iqbal as member			
	14.2 Election of Kari Stautland as member			
15.	Closing (NO VOTING ITEM)

The abovementioned proxy holder has been granted power to attend and to vote for my/our shares at the Annual General Meeting in Otello Corporation ASA to be held 2 June 2022.

Place Date Shareholder's signature (Only for granting proxy with voting instructions)

With regard to rights of attendance and voting we refer you to The Norwegian Public Limited Liability Companies Act, in particular Chapter 5. A written power of attorney dated and signed by the beneficial owner giving such proxy must be presented at the meeting.

If the shareholder is a company, please attach the shareholder's certificate of registration to the proxy.

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