The board of directors of Otovo ASA (the "Company") has on 20 December 2024
resolved to reduce the overall amount of options outstanding with ~70% by buying
back options from its employees under the Company's option programme:

9,148,000 options with strike NOK 3.45 that vested on 1 January 2024 and would
expire on 30 June 2026 are bought back at fair value, NOK 0.11
8,434,667 options with strike NOK 3.45 that would vest on 1 January 2025 and
would expire on 30 June 2026 are bought back at fair value, NOK 0.11

After the changes to the option programme the Company has 7,315,667 options
outstanding with a weighted average strike price of NOK 3.45.

The following primary insiders will receive cash consideration for options that
are bought back by the Company:

- Andreas Thorsheim (CEO): NOK 660,000 (6,000,000 options sold) 
- Simen Fure Jørgensen (COO): NOK 220,000 (2,000,000 options sold) 
- Petter Ulset (CFO): NOK 154,000 (1,400,000 options sold)
- Sasha Berson (CMO): NOK 77,000 (700,000 options sold)
- Fabio Stefanini (CRO): NOK 77,000 (700,000 options sold)
- Paulina Ackermann (CFOO): NOK 77,000 (700,000 options sold)
- Ida Groth (CPO): NOK 29,333 (26,667 options sold)


For further information, please contact Petter Ulset, Chief Financial Officer
(petterul@otovo.com)

This disclosure is subject to the disclosure requirements pursuant to section
5-12 of the securities trading act and article 5 of the EU Market Abuse
Regulation. 


***

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, high quality and qualified 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.