Otovo ASA — Share Issue/Capital Change 2021

Dec 22, 2021

Issuance of shares under the company's share option programme

Issuance of shares under the company's share option programme

The Otovo board of directors has on 20 December 2021 resolved to issue 733,810 shares under the authorisation given at the company’s general meeting on 16 February 2021, in relation to the company’s share option programme.

The following primary insiders and close associated have subscribed for shares in the issue:

Agder Energi Invest AS (Tor Øystein Repstad, board member): 60,000 shares at average price NOK 3.5875 per share

Obos BBL (Ingunn Andersen Randa, board member): 20,000 shares at average price NOK 4.69 per share

Peter Mellbye, chair of the board: 13,330 shares at average price NOK 4.69 per share.

Details of the primary insider transactions are attached, together with one notification form that was missing in the message published 13 December 2021.

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This information is subject to disclosure under the Norwegian Securities Act section §5-12.

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About Otovo: For homeowners, Otovo is the easiest way to get solar panels on the roof. Otovo is a marketplace that organizes hundreds of local, high-quality, and qualified energy installers. The company uses its proprietary technology to analyze the potential of any home and finds the best price and installer for customers based on an automatic bidding process between available installers.

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