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Share Buyback Program - update

OTECRegulatory press release21.10.2026, 08.00
Otello refers to the stock exchange announcement of 8 June 2026 announcing the
share buyback program. Otello hereby updates the market that the board of
directors has decided to increase the maximum consideration to be paid for
shares acquired under the buyback program to NOK 25 per share.
are.\