Otovo ASA — Remuneration Information 2021

Mar 5, 2021

Issuance of shares under the employee share option and purchase programmes

Issuance of shares under the employee share option and purchase programmes

The Otovo board of directors has resolved to issue 1,292,920 shares under the authorisation given at the company’s general meeting on 29 November 2019, in relation to the company’s share option programme. The share issue was originally resolved and reported on notc.no in February 2021, but due to the listing process on Euronext Growth the share issue had to be postponed, by cancelling the initial issue pre-listing and resolving a new issue post-listing..

In addition, the Otovo board of directors has resolved to issue 1,116,200 shares under the authorisation given at the company's general meeting on 15 December 2020, in relation to the company’s share purchase programme.

The following primary insiders subscribed for shares under the two share issues:

Andreas Thorsheim (through Andmar Operations AS): 51,970 shares (total holding 8,467,950)

Simen Fure Jørgensen (through Simvest AS): 51,970 shares (total holding 2,673,950)

Andreas Bentzen (through Beacon Group AS): 51,970 shares (total holding 2,272,440)

Anne Lene Holstad: 273,940 shares (total holding 549,560)

Lars Ekeland: 143,040 (total holding 286,080)

Babak Tighnavard: 168,330 shares (total holding 168,330)

Cecilie Ellila Weltz: 166,660 (total holding 166,660)

Anders Rønold: 37,630 shares (total holding 51,930)

Sara Moe: 14,300 shares (total holding 28,600)