Otello Corporation ASA

Bemobi trading commences

Bemobi (BMOB3) had its first day of trading on February 10[th] on the Bovespa

stock exchange in Brasil.

Otello ownership pre-IPO was 34 553 860 shares in Bemobi, equal to 83.92%

ownership, with other shareholders holding 6 622 610 shares (16.08% ownership)

and hence a full sharecount of 41 176 470. The base offering for the IPO was

49 732 622 shares, hence giving a total sharecount post-IPO of 90 909 092

shares and with Otello ownership reduced to 38.01%. With a full utilization of

the greenshoe option, Otello will by selling 6 388 478 shares be reducing its

ownership to 30.98%.

As part of the use of proceeds in connection with the IPO a dividend will be

paid from Bemobi Mobile Tech S.A to Bemobi Holding AS pre-IPO (based on their

ownership) of R$431,637,688.80 (approximately $80million) of which

R$362,215,321.83 (approximately $67million) goes to Otello Corporation ASA.

Petter Lade, CFO

Phone: +47 91143878

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.

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