Otello Corporation ASA

Grant of Options subject to shareholder approval - Mandatory notification of options and shareholding

Reference is made to announcement on 1. November regarding grant of options,

subject to shareholder approval, in Otello Corporation. The strike price has

been determined based on the volume weighed averaged trading price the Company's

shares 5 trading days after the date of grant (2. November - 6. November). The

strike price is determined to be 18.99kr.

Petter Lade, CFO

Phone: +47 91143878

About Otello:

Otello holds shares in several different businesses, including (i) AdColony

which helps publishers monetize their content through advertising and

advertisers reach the audiences that build value for their businesses,

capitalizing on a global consumer audience reach that exceeds 2 billion; (ii)

Bemobi, a Mobile Media and Entertainment company which integrate people and

mobile content through technology and offers a leading subscription-based

discovery service for mobile apps in Latin America and beyond; (iii) Skyfire

which offers cloud-based network solutions for mobile operators and (iv) Vewd

which offers OTT services in the Connected TV space.

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