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Otello Corporation ASA

Major Shareholding Notification Apr 6, 2016

3704_dirs_2016-04-06_122d6fbe-f554-4a7a-99c5-448805d789e2.html

Major Shareholding Notification

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Acceptance of voluntary offer by primary insiders

Acceptance of voluntary offer by primary insiders

The following primary insiders have accepted the voluntary offer from Kunqi:

Thomas Bullen: 1 100 shares

Baard Farmen Andresen: 2 233 shares

Falguni Bhuta: 1 775 shares

Marianne Blystad: 10 000 shares

Lars Boilesen: 23 375 shares

Erik Harrell: 103 489 shares

Andreas Thome: 12 339 shares

Karin Greve-Isdahl: 248 share

Gautam Chandna: 475 shares

Rian Cochran: 414 shares

Malin Rundberg: 2 000

Jason Hoida: 248 shares

Audun Wickstrand Iversen: 40 000 shares

Joakim Henrik Kasbohm : 2 777 shares

Will Kassoy: 188 488 shares

Brian Kesterson: 212 shares

Sverre Munck : 25 000 shares

Erik Møller: 812 shares

Roar Olbergsveen: 248 shares

Christian Uribe: 248 Shares

Subject to the offer being closed, Thomas Bullen holds no shares and 2 000 RSUs

in the Company.

Subject to the offer being closed, Baard Farmen Andresen holds no shares and 60

000 options in the Company.

Subject to the offer being closed, Falguni Bhuta holds no shares and 4 500 RSUs

in the Company.

Subject to the offer being closed, Marianne Blystad holds no shares and 30 000

options in the Company.

Subject to the offer being closed, Lars Boilesen holds no shares, 300 000

options and 168 000 RSU's in the Company.

Subject to the offer being closed, Erik Harrell holds no shares, 612 500

options and 35 000 RSU's in the Company.

Subject to the offer being closed, Andreas Thome holds no shares, 520 000

options and 35 000 RSU's in the Company.

Subject to the offer being closed, Karin Greve-Isdahl holds no shares and 15 000

options in the Company.

Subject to the offer being closed, Gautam Chandna holds no shares in the

Company.

Subject to the offer being closed, Rian Cochran holds no shares, 5 000

options and 1 500 RSU's in the Company.

Subject to the offer being closed, Malin Rundberg holds no shares in the

Company.

Subject to the offer being closed, Jason Hoida holds no shares and 155 000

options in the Company.

Subject to the offer being closed, Audun Wickstrand Iversen holds no shares in

the Company.

Subject to the offer being closed, Joakim Henrik Kasbohm holds no shares and 60

000 options in the Company.

Subject to the offer being closed, Will Kassoy holds no shares and 347 167 RSUs

in the Company.

Subject to the offer being closed, Sverre Munck holds no shares in the Company.

Subject to the offer being closed, Brian Kesterson holds no shares and 6

750 RSUs in the Company.

Subject to the offer being closed, Erik Møller holds no shares in the Company.

Subject to the offer being closed, Roar Olbergsveen holds no shares and 60 000

options in the Company.

Subject to the offer being closed, Christian Uribe holds no shares and 25 000

options in the Company.

Petter Lade, Investor Relations

Tel: +47 2369 2400 (http://tel:%2B47%202369%202400)

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