Otello Corporation ASA

Share Issue/Capital Change • Dec 11, 2019

Exercise of employee share options

Exercise of employee share options

1. Participants in the Company's option program have on December 10[th], 2019

exercised 55,000 options. Following the exercise, 55,000 shares will be

transferred from the Company's holding of own shares. Subsequent to the

transaction Otello Corporation ASA holds 2,508,000 own shares.

2. Options exercised by primary insiders December 10[th] 2019:

Jason Hoida has exercised 30,000 options, which expired, in the Company,

corresponding to 30,000 shares at the strike price of NOK 11.58.

Petter Lade has exercised 5,000 options, which expired, in the Company,

corresponding to 5,000 shares at the strike price of NOK 11.58.

Roar Olbergsveen has exercised 20,000 options, which expired, in the Company,

corresponding to 20,000 shares at the strike price of NOK 11.58.

3. Transfer of rights and sale of shares

On December 10[th], 2019, the primary insiders mentioned below transferred their

rights to receive shares resulting from the exercise of options to a third

party.

Jason Hoida has transferred 30,000 rights.

Petter Lade has transferred 5,000 rights.

Roar Olbergsveen has transferred 20,000 rights.

When the participants receive the shares they will be subject to pay salary tax

on the total value of the shares received. In order to cover the taxes, the

employees must at minimum sell a predetermined rate of the shares set by Otello.

The sales amount will be finally determined on the basis of the price

subsequently obtained by the third party when selling the shares in the market.

The payment has been determined based on a selling price of NOK 16,4244 per

share.

4.    Purchase of share

On December 10, 2019 the primary insiders mentioned below entered into an

agreement to use parts or all of the compensation mentioned in item 3 to

purchase shares.

Jason Hoida purchased 1,421 shares at the price of NOK 16,4244.

Petter Lade purchased 1,423 shares at the price of NOK 16,4244.

5. New Holding

After completion of the abovementioned transactions, Jason Hoida holds 225,000

unexercised options in the Company. As of today, the primary insider holds

10,000 shares in the Company.

After completion of the abovementioned transactions, Petter Lade holds 285,000

unexercised options in the Company. As of today, the primary insider holds

64,656 shares in the Company.

After completion of the abovementioned transactions, Roar Olbergsveen holds

240,000 unexercised options in the Company. As of today, the primary insider

holds 248 shares in the Company.

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.