Oslo, 5 December 2025

Reference is made to the stock exchange notice sent 6 November 2025 regarding
the combination of Otovo ASA ("Otovo" or the "Company") and Onvis Inc ("Onvis"),
and the stock notice sent earlier today, 5 December 2025, regarding the minutes
of the extraordinary general meeting of Otovo. 

Following the combination of Otovo and Onvis (the "Transaction"), there have
been changes to the list of large shareholdings. Consequently, the following
shareholders in Otovo have crossed notifiable thresholds: 

* Jackson Leigh Ventures, L.L.C has acquired 123,130,240 shares, and thereby
increased its holdings above the notifiable 20% threshold. Following the
Transaction, Jackson Leigh Ventures, L.L.C holds 123,130,240 shares in the
Company, corresponding to 23.17% of the total shares and votes in the Company.
Jackson Leigh Ventures, L.L.C is a company controlled by the Company's CEO,
William J. (John) Berger. John Berger has, as part of his employment contract,
been granted 10,226,200 shares subject to meeting certain milestones. Held
together with the shareholding of Jackson Leigh Ventures, L.L.C, John Berger
will, upon satisfaction of the condition, directly and indirectly control
133,356,440 shares in the Company, corresponding to 23.31% of the shares and
votes in the Company.

* Å Energi Invest AS has acquired 14,600,000 shares, and thereby increased its
holdings. However, due to the dilutive effects of the Transaction, Å Energi
Invest AS has crossed under the notifiable 20% threshold. Following the
Transaction, Å Energi Invest AS holds 102,332,581 shares in the Company,
corresponding to 19.25% of the total shares and votes in the Company. 

* As a result of the dilutive effects of the Transaction, Svenska Handelsbanken
AB, as nominee account holder for AxSol AB, has crossed under the notifiable 15%
threshold. Following the Transaction, AxSol AB holds 68,634,898 shares in the
Company, corresponding to 12.91% of the total shares and votes in the Company. 

* EIC Rose Rock Ventures I LP has acquired 35,621,462 shares, and thereby
increased its holdings adobe the notifiable 5% threshold. Following the
Transaction, EIC Rose Rock Ventures I LP holds 35,621,462 shares in the Company,
corresponding to 6.70% of the total shares and votes in the Company. 

* Nysnø Klimainvesteringer AS has acquired 1,172,621 shares, and thereby
increased its holdings. However, due to the dilutive effects of the Transaction,
Nysnø Klimainvesteringer AS has crossed under the notifiable 5% threshold.
Following the Transaction, Nysnø Klimainvesteringer AS holds 18,395,551 shares
in the Company, corresponding to 3.46% of the total shares and votes in the
Company. 

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

*** 

For further queries, please contact:

William J. (John) Berger, incoming Chief Executive Officer
Email: john.berger@otovo.ai

Andreas Thorsheim, incoming Chief Product Officer
Email: andreas.thorsheim@otovo.com


***

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.