Otello Corporation ASA

AGM Information • May 12, 2021

Otello Corporation ASA: Calling notice for Annual General Meeting

Otello Corporation ASA: Calling notice for Annual General Meeting

The Board of Directors hereby calls for an Annual General Meeting to be held in

Otello Corporation ASA (the "Company") on Wednesday June 2, 2021 at

9:00am Norwegian time in the offices at Schjødt law-firm, Ruseløkkveien 14,

Oslo, Norway. Due to the extraordinary situation with Covid-19, shareholders are

strongly encouraged not to attend the AGM in person, but rather provide

electronic votes or voting proxies prior to the meeting. Shareholders may

provide votes prior to the AGM via the electronic VPS system or by advance

voting or submission of a proxy.

Proxy forms are attached the calling notice as Enclosure F. The Company has

arranged for shareholders to be able to call in to the AGM 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. Call-in details are

given in the attached calling notice. Attendance and proxy forms attached the

calling notice as Enclosure F must be received no later than noon/12.00 a.m.

(CET) Saturday May 29, 2021. The Board of Directors' report and the annual

accounts, together with the auditor's report for 2020 (Enclosure A to the

calling notice), are contained in the annual report and are available

at http://www.otellocorp.com (https://eur03.safelinks.protection.outlook.com/?url

\=http%3A%2F%2Fwww.otellocorp.com%2F&data=04%7C01%7CGeir.Evenshaug%40schjodt.com%7

Cb0b001133a524692e7b708d91555fac7%7C4651385ecc6244a7bde5dbda3fc721be%7C0%7C0%7C63

7564281286077336%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJB

TiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=2KnneY2%2Bo9Gm8SiFptaKb1Ktx3Elw9w5sbYuGiW

sPNk%3D&reserved=0)

Petter Lade, CFO

Phone: +47 91143878

E-mail: petterl@otellocorp.com