Otovo's Nomination Committee has proposed the election of William John Berger to
Otovo's Board of Directors. 

Mr. Berger founded Sunnova Energy International (Sunnova) in 2012 and held the
roles of Chief Executive Officer, President, and Chairman of the Board until
March 2025. During his time at Sunnova, Mr Berger built the company to be a
leading force in U.S. solar, pioneering several industry innovations in leasing,
grid services (VPP) and maintenance services, creating more than 500,000
recurring customers, and completing a successful IPO of the company on the New
York Stock Exchange in 2019.

Mr. Berger began his career optimizing power assets, later co-founding an energy
tech venture fund and advising the U.S. Federal Energy Regulatory Commission. As
founder of Standard Renewable Energy, he helped pioneer solar adoption for
American homes and businesses. He went on to create SunCap Financial, a
residential solar services firm that became the foundation for Sunnova.

He holds a Masters in Business Administration from Harvard Business School and a
Bachelors degree in civil engineering from Texas A&M University, graduating cum
laude.

"We are honored that John has accepted the nomination to join Otovo's Board of
Directors. John's work in the US has been a source of inspiration while building
Otovo. Our pan-European leasing product and our European Operations Centre have
both drawn on pioneering concepts from the US" says Andreas Thorsheim, founder
and CEO of Otovo.

"Otovo's focus on great customer service and marketplace model stands out as one
of the most scalable approaches in residential solar today. I'm impressed by
Andreas' operational leadership and the team's clear vision, and I look forward
to contributing my experience from the U.S. market to support Otovo's mission of
accelerating clean energy adoption internationally" adds John Berger on his
nomination.

Thursday 5 June, Jacob Wall and Josefin Landgård announced their decision to
resign from the Board of Directors. The Axel Johnson Group will continue to be
represented on the Company's Nomination Committee by Marie Strannegård.

Chair of the Board, Beatriz Malo de Molina, comments:
"We thank Josefin and Jacob for their many and significant contributions to
Otovo over their time as directors and we are very pleased with the Nomination
Committee's proposal of Mr. Berger as a new member."

The Board of Directors will call for an extraordinary General Meeting to
effectuate the proposed election of Mr. Berger to Otovo's Board of Directors. 


***

For further queries, please contact: 

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

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to the STA section 5-12. 

***

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 organizes hundreds
of local, high quality and qualified energy installers. The company uses its
proprietary technology to analyze 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.