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2021-10-27

Otello Corporation ASA: AdColony payment

Reference is made to the announcement on August 30, 2021 regarding the settlement of AdColony earnout. The second installment of $100 million has been received by Otello today. The final payment of the already fixed earn-out amount of $204.5 million is scheduled for January 15, 2022.

Petter Lade, CFO

Phone: +47 91143878

E-mail: petterl@otellocorp.com

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