Postponement of share buyback

Reference is made to the stock exchange release yesterday regarding a share buyback offer. In order to allow for inclusion of AdColony and Bemobi financials in Otello's 2021 Half-year report due to be published on 27 August 2021, the Board of Directors (the "Board") has decided to cancel the buy back offer and postpone this to after 27 August. The Board intends to commence the buyback as soon as possible after Otello’s Half-year report.

Petter Lade, CFO

Phone: +47 91143878

E-mail: [email protected]