Otello Corporation ASA

Report Publication Announcement • May 7, 2020

Otello Corporation announces first quarter results

Otello Corporation announces first quarter results

Oslo, Norway - May 7, 2020 - Otello Corporation today reported financial results

for the first quarter, which ended March 31, 2020. Please find the first quarter

report (1Q20.pdf) and first quarter presentation (1Q20_presentation.pdf)

attached. Audiocast: https://www.otellocorp.com/ir

Petter Lade, CFO

Phone: +47 91143878

E-mail: petterl@otellocorp.com

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.