Otello Corporation ASA

Declaration of Voting Results & Voting Rights Announcements • May 7, 2018

Oslo Stock Exchange/Oslo Axess Box 460 Sentrum 0105 Oslo NORWAY

Deutsche Bank AG London 30 Fenchurch Avenue London, EC3M 5AD United Kingdom

Tel +44 (0) 20 7541 2675 Fax +44 (0) 20 7547 3836 Email: hamish.bell@db.com

Dear Sir/Madam,

04 May 2018

Notification of voting rights pursuant to the Securities Trading Act

Otello Corporation ASA

Pursuant to Section 4-3 (6) of the Securities Trading Act, Deutsche Bank AG, of Winchester House, 1 Great Winchester Street, London, EC2N 2DB, hereby notify that the percentage of voting rights in Otello Corporation ASA, Gjerdrums vei 19 NO-0484 OSLO has gone below the reportable threshold on 04 May 2018.

The reason for the notification;

An acquisition or disposal of voting rights	Yes
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other:

Full Name of shareholder(s);	Deutsche Bank AG

Chairman of the Supervisory Board: Paul Achleitner.
Management Board: Christian Sewing (Chairman), Stuart Lewis, Sylvie Matherat.

Garth Ritchie, Karl von Rohr, Marcus Schenck, James von Moltke, Nicolas Moreau.

Deutsche Bank Aktiengesellschaft domiciled in Frankfurt am Main;
Local Court of Frankfurt am Main, HRB No 30 000; VAT ID No DE114103379; www.db.com

Name of Shareholder	Total number of shares	Number of voting rights		% of voting rights
		Direct	Indirect	Direct	Indirect
Deutsche Bank AG	Below notifiable threshold*	N/A	N/A	N/A	N/A

B: Financial Instruments
Name of shareholder	Type of financial instrument	Expiration date	Physical / Cash settled Financial Instrument	Number of voting rights that may be acquired if the instrument is exercised/ converted.	$%$ of voting rights

Total (A+B)
Number of voting rights	Percentage of voting rights
Below notifiable threshold*	Below notifiable threshold*

*Holdings in trade book are below 5% therefore not considered.

If you require further information in respect of this notification please do not hesitate to contact me.

Yours faithfully,

iBell

Hamish Bell
Position Reporting Group