Euronext Oslo Børs has taken the decision to place Otello Corporation ASA in the
Penalty Bench, cf. section 2.9.3 (1) of the Euronext Oslo Børs Rule Book II.
Otello Corporation ASA is placed in Penalty Bench with immediate effect due to
failure to comply with Euronext Oslo Børs Rule Book II section 4.3.1 annual
reports and half-yearly reports. 

Penalty Bench is a special compartment where the securities of issuers that do
not comply with the Rules are placed. Euronext Oslo Børs will remove securities
from the Penalty Bench and allocate the securities to the normal compartment
when the issuer has corrected the violation of the Rules that was the reason for
allocating the security to the Penalty Bench.