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

04 May 2018

Dear Sir/Madam,

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 above the reportable threshold on 03 May 2018.

The reason for the notification;

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

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

A. Voting rights attached to shares
Name of Shareholder	Total number of shares	Number of voting rights		% of voting rights
		Direct	Indirect	Direct	Indirect
Deutsche Bank AG, London Branch	7,920,545	7,920,545	N/A	5.30%	N/A

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
7,920,545	$5.30\%$

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

Yours faithfully,

HUBU

Hamish Bell
Position Reporting Group