Oslo, 15 November 2023: Reference is made to the announcement on 6 October 2023
regarding the sale to Swiss Life Asset Managers of Otovo's fully owned
subsidiaries, EDEA AS and EDEA AB, which own its Norwegian and Swedish
subscription portfolios, respectively.

All conditions related to the agreement have been met, and the transaction was
today closed.

- We take great pride in finalizing this strategic agreement with such a
reputable partner as Swiss Life Asset Managers. We are confident that this
transaction strategically positions us for consistent portfolio sales in the
future, when we can monetize new portfolios regularly to shorten the pathway to
profitability, says Andreas Thorsheim, CEO of Otovo

For further queries, 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

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available installers.

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