The board of directors has on 20 August 2024 entered into a bilateral agreement
to acquire 357,600 shares from Inigo Armoribieta in relation to his departure
from Otovo as announced in the stock exchange message on 11 June 2024. The
purchase price has been set at the close price on 20 August 2024 being NOK
1.296. The purchase was done subsequent to release of the Q2 financial report
and the transaction will be executed and settled in the coming days. 

The purchase was done under the board authorisation given at the annual general
meeting of Otovo ASA on 17 April 2024 for the board of directors to acquire up
to 10% of the outstanding shares in the company.


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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