Otello Corporation ASA

NOTIFICATION OF LARGE SHAREHOLDING - PROXIES FOR ANNUAL GENERAL MEETING

The Chairman of the Board of Directors of Otello Corporation ASA, Andrè

Christensen, has received power of attorneys to represent and vote for

17,896,401 shares or 12.92 % of the voting shares at Otello's Annual General

Meeting to be held on 2 June 2020. In addition, Mr. Christensen hold 24,341

shares. Hence, following the receipt of the powers of attorney, Mr. Christensen

controls 12.94 % of the voting shares. The power of attorneys are without voting

instructions. The power of attorneys are only valid at the Annual General

Meeting on 2 June 2020. This information is subject to the disclosure

requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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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