Otovo ASA: Disclosure of large shareholding - redelivery of shares in the Private Placement

Otovo ASA

Reference is made to the announcement by Otovo ASA (the "Company" or "Otovo") on
3 July 2026 regarding a successful private placement and on 16 July 2026
regarding the registration of the new share capital. Reference is furthermore
made to the disclosure of large shareholding by Å Energi Invest AS published on
ticker "OTOVO" on 3 July 2026.

The 5,852,652 shares in Otovo that were lent pursuant to the share lending
agreement have today been redelivered. Following the redelivery of the shares, Å
Energi Invest AS holds 10,233,258 shares in Otovo, equal to 12.85% of the total
shares and votes in Otovo.

Disclosure regulation
This disclosure is made pursuant to Sections 4-2 and 5-12 of the Norwegian
Securities Trading Act.

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