Approval of annual report for 2021

The Board of Directors of Otello Corporation has approved the Director’s report and audited financial statements for 2021. The final financial statements for 2021 are in accordance with preliminary accounts published on February 17, 2022. The Annual Report is attached to this notification, and is available for download from Otello’s website (https://www.otellocorp.com).

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Petter Lade, CFO

Phone: +47 91143878

E-mail: [email protected]