The Otovo board of directors has on 23 September 2024 resolved to deliver
117,520 shares to participants in the company's share purchase program. The
program was established on 30 April 2021 and the participants that are still
employed after three years receive one retention share for every two shares
purchased at the start of the program. The shares delivered are part of the
company's treasury shares and are delivered against no payment. The average
amount the participants have paid per share under the program will be NOK 7.80
after the delivery of the retention shares.

The following primary insiders, both members of Otovo's executive management,
will receive retention shares:

- Fabio Stefanini (CRO): 42,735
- Jean Rosado (COO): 42,735

Details of the transactions are attached. 


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

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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.

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