Otello Corporation ASA

Major Shareholding Notification • Feb 24, 2022

TR-1: Standard form for notification of major holdings

threshold was crossed or reached

Previous position 5,614,986

(3.0902%)

(5.0000%)

NOTIFICATION OF MAJOR HOLDINGS 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: OTELLO CORPORATION ASA 2. Reason for the notification (please mark the appropriate box or boxes with an "X") An acquisition or disposal of voting rights X An acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify)iii: 3. Details of person subject to the notification obligationiv Name Citigroup Inc. City and country of registered office (if applicable) Wilmington, USA 4. Full name of shareholder(s) (if different from 3.)^v Name Citigroup Global markets Limited City and country of registered office (if applicable) London, UK 5. Date on which the threshold was crossed or reachedvi: 23/02/2022 6. Date on which issuer notified (DD/MM/YYYY): 24/02/2022 7. Total positions of person(s) subject to the notification obligation No. of voting rights attached to shares (%total of 8. A) No. of voting rights through financial instruments (%total of 8.B 1 + 8.B 2) Total of both in (%8.A + 8.B) Total number of voting rights of issuer vii Resulting situation on the date on which 3,470,279 0 3,470,279 (3.0902%) 112,299,727

(0.0000%)

0 (0.0000%)

5,614,986 (5.0000%)

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type of shares	Number of voting rights ix		% of voting rights
ISIN code (if possible)	Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)	Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)	Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)	Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
NO0010040611		3,470,279		3.0902%
SUBTOTAL 8. A	3,470,279		3.0902%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial in strument	Expiration date x	Exercise/ Conversion Periodxi	Number of voting rights that may be acquired if the instrument is exercised/converted.	% of voting rights
		SUBTOTAL 8. B 1

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration date x	Exercise/ Conversion Pe riod xi	Physical or cash settlement xii	Number of voting rights	% of voting rights
			SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)				X
Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial in struments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Citigroup Inc.	0.0000%
Citigroup Global Markets Holdings Inc.	0.0000%
Citigroup Financial Prod ucts Inc.	0.0000%
Citigroup Global Markets Europe Finance Limited	0.0000%
Citigroup Global Markets (International) Finance GmBH Switzerland	0.0000%
Citigroup Global Markets Holdings Bahamas Limited	0.0000%
Citigroup Global Markets Limited	0.0000%
Citigroup Global Markets Europe AG	0.0000%

10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held

11. Additional informationxvi
This disclosure has resulted due to a disposal of 2,144,707 shares.

Place of completion	Belfast
---------------------	---------

Date of completion 24/02/2022
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Annex: Notification of major holdings

A: Identity of the person subject to the notification obligation
Full name (including legal form for legal entities)	Citigroup Inc.
Contact address (registered office for legal entities)	1209 Orange Street Wilmington, Delaware, 19801 United States of America
E-Mail
Phone number / Fax number
Other useful information (at least legal representative for legal persons)

B: Identity of the notifier, if applicable
Full name	Craig Watson
	Citigroup Global Markets Limited
	Gateway Offices
Contact address	60-62 Sydenham Road
	Belfast BT3 9DT
E-Mail	craig.cameron.watson@citi.com
Phone number / Fax number	0044 (0)28 90409605
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obli gation)

C: Additional information