Otello Corporation ASA

Declaration of Voting Results & Voting Rights Announcements • Aug 5, 2021

Disclosure in Otello Corporation ASA

Disclosure in Otello Corporation ASA

The mutual funds managed by Nordea Funds Ltd. have passed a disclosure threshold as specified below.

ID refers to Finanstilsynet’s guidelines found here:

https://www.finanstilsynet.no/globalassets/laws-and-regulations/guidelines/securities-trading-act-comments-chapter-3-and-4.pdf

ID Item Value

A / 13.9.1.1 Name of the issuer of

the shares Otello Corp ASA

B / 13.9.1.2 Date when the ownership

interest reached, exceeded

or fell below a threshold

established in the Securities

Trading Act section 4-3

subsection (1) Date: 05-08-2021

C / 13.9.1.3 (1) Name of the entity

subject to a disclosure

obligation, and (2) the

name of shareholders

which have assigned

voting rights 1. Nordea Funds Ltd.

D / 13.9.1.4 Number of shares

involved in transaction N/A

E / 13.9.1.5 Number of voting rights,

including the per centage

of the share capital and

voting rights held by entity

following the transaction - Disclosure threshold crossed: 5%

- Voting rights: 6,318,282.00

- % of total voting rights: 5.06476%

- % of total shares: 5.06476%

F / 13.9.1.6 Percentage of shares and

votes in the company held

by the party concerned in

the form of rights

to shares 0%

G / 13.9.1.7 The circumstance that

triggered the disclosure

obligation, and whether this

applied to the party concerned

himself or to related parties

as mentioned in the Securities

Trading Act section 2-5 Registration of share capital

reduction due to cancellation

of 13,727,702 treasury shares

by issuing company. Following

the reduction, total shares

outstanding amount

to 124,749 727.

H / 13.9.1.8 The chain of controlled

companies through which the

shares or rights are owned N/A

I / 13.9.1.9 Notifications applying to

rights to shares as mentioned

in the Securities Trading Act

section 4-3 subsection (4) N/A