Reference is made to the stock exchange announcement published by Otovo ASA
("Otovo" or the "Company") on 18 December 2023. In the announcement it was
stated that the Company had awarded 28,284,000 options under the new option
programme. The correct number of options awarded under the new programme is
27,284,000.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

***

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

Follow us on investor.otovo.com for reports, financial calendar, contact details
and more.