Otovo ASA

AGM Information • Dec 30, 2025

Otovo ASA - Option allocation to primary insiders and employees

Otovo ASA - Option allocation to primary insiders and employees

(Oslo, 30 December 2025) - Reference is made to the stock exchange notice on 5 December 2025 regarding the resolution by the extraordinary general meeting (the “EGM”) of Otovo ASA, to grant Otovo’s Board of Directors a general authorisation to increase the company’s share capital.

On 5 December 2025 the Board of Directors resolved to issue 11,455,000 new options under the company’s share option programme.

Today, the Company has awarded these options to key employees.

The strike price of the new options was set at NOK 1.00, corresponding to the price per share in the capital raise of 5 December 2025. The options vest over three years, with one third each year, and first vesting on 1 January 2027.

In addition, the Board of Directors has decided to change the strike price of the existing 8,799,001 options outstanding to NOK 1.00. All other terms remain unchanged.

6,100,999 unvested options from previous programs have been returned from employees as part of the restructuring of the company’s workforce in the fourth quarter of 2025. Of these, the board of directors holds 1,688,890 options for later use, while 4,412,109 have been cancelled.

In total the Company has 21,942,891 options outstanding including the issuance of new options. Adjustments to the total number of outstanding options will be reported quarterly in the company’s financial reports.

This information is subject to the disclosure requirements pursuant to the Market Abuse Regulation (EU) 596/2014 article 19 number 3 and section 5-12 of the Norwegian Securities Trading Act.

28 key employees have been awarded options under this issuance, including primary insider Andreas Egge Thorsheim, Chief Product Officer, who was awarded 4,000,000 new options in addition to the 3,450,000 options previously awarded.

The primary insider notification form pursuant to the requirements of the Market Abuse Regulation are attached.

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About Otovo

Otovo is an AI-Native energy services company in Europe and the United States.

We combine real-time equipment monitoring, rapid repairs, dependable power supply, and grid participation into a single, seamless service–delivering maximum service at a minimal cost. Endurance, Otovo’s industry-leading AI platform, continually monitors installed equipment in homes and businesses, optimizes the entire service process from problem detection to resolution, and coordinates repairs around the clock. “Your Power, Backed by Ours.” Otovo is listed on the Euronext Oslo Stock Exchange under the ticker OTOVO. Visit us at

https://otovo.ai/.