Adopted by the general meeting on June 14, 2011.

1. Mandate
2. Composition, election and remuneration
   The Nomination Committee is composed and elected as set out in Otello Corporation ASA’s Articles of Association § 8.
3. Procedures
   Meetings of the Nomination Committee shall be convened by the Chairperson of the Committee. Each of the members of the Nomination Committee, as well as the Chairperson of the Board of Directors and the company CEO jointly, has the right to demand that a meeting be convened.
4. Processing of the Nomination Committee’s recommendations
   The Nomination Committee’s recommendation to the Annual General Meeting relating to the election of members and deputy members of the Board of Directors and the Nomination Committee shall be available in time to be sent together with the notice of the General Meeting, so that the shareholders have an opportunity to submit their views on the recommendation to the Nomination Committee ahead of the General Meeting.