On 31 August 2022, KL Special Opportunities Master Fund Ltd, an investment fund
managed by Kite Lake Capital Management (UK) LLP, purchased 1,199,592 shares in
Otello Corporation ASA. Following that purchase, that fund and KL UCITS ICAV -
KL Event Driven UCITS Fund, another investment fund managed by Kite Lake Capital
Management (UK) LLP, together held 22,904,900 shares in Otello Corporation ASA,
which represented 25.14% of the shares in the company (based on 91,099,729
outstanding shares). Their holding therefore exceeds 25% of the shares in the
company as a result of the purchase. No shares are held by the funds in the form
of rights to shares. The shares are held by custodians in accounts in the names
of the funds.