Oslo, 26 January 2023. Reference is made to the stock exchange announcement
published by Otovo ASA ("Otovo" or the "Company") on 25 January 2023 regarding
the successful completion of a private placement of 12,575,452 new shares in the
Company with gross proceeds of approximately NOK 250,000,000 (the "Private
Placement") and a potential subsequent share offering (the "Subsequent
Offering").

The Company hereby calls for an extraordinary general meeting to be held on
Thursday 9 February 2023 at 10:00 hours (CET) for the general meeting to resolve
inter alia the issuance of new shares in connection with the settlement of the
Private Placement, and an authorization to the board of directors to issue new
shares in connection with a contemplated subsequent offering. The general
meeting will be held electronically.

The notice and agenda of the general meeting is attached to this stock exchange
announcement, and will also be made available on the Company's webpage https://
https://investor.otovo.com/. Further information about digital attendance to the
meeting is included in the notice.

For further queries, please contact: 
Lars Ekeland, General Counsel
Phone: +47 91 60 70 53

***

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.