Reference is made to the announcement on 10 November 2021 regarding the all-share offer (the “Offer”) for all the shares in European Distributed Energy Assets Holding AS ("EDEA"), with an offer period ending on Wednesday 24 November at 16:30 CET.
 
As of 15:30 CET 24 November shareholders representing 67.0 % of the shares in EDEA support the offer, of which 48,4% are Eligible Shareholders having accepted the Offer, and the remaining 18.6% is Otovo’s current holdings in EDEA. 

Otovo has resolved to waive the condition of minimum 90 % acceptance and will complete the Offer towards the EDEA shareholders having accepted the Offer subject to the other conditions for completion of the Offer being fulfilled (including approval by the general meeting of Otovo). Otovo has also decided to extend the acceptance period for the offer until Friday 26 November at 12:00 CET. No other changes are made to the Offer.