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Regulatory press release

OTEC: Large Shareholder Disclosure

Otello
On the 31st January 2025, Sand Grove Capital Management LLP, through Sand Grove
Opportunities AS and the Prelude Structured Alternatives Master Fund LP,
disposed of 1,227,458 shares at 7.5779 NOK of Otello Corp ASA (NO0010040611).

Sand Grove Capital Management LLP, through the funds, own 17,905,103 shares,
which is equivalent to 19.654% of the total shares outstanding.

Sand Grove Capital Management LLP has full voting discretion over this holding.
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