Oslo, 10 November 2023. Reference is made to the stock exchange announcement
published by Otovo ASA (the "Company") on 9 November 2023 regarding key
information and a potential subsequent offering in the Company. The shares in
the Company will be traded exclusive of the right to participate in the
subsequent offering from and including today, 10 November 2023.

For further information, please contact:

Andreas Thorsheim, Chief Executive Officer
Phone: +47 93 06 51 78

Petter Ulset, Chief Financial Officer
Phone: +47 47 93 60 26 43 

***

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.