Reference is made to the stock exchange notice published on 25 January 2023
regarding, among other things, the entering into a revolving credit facility
(the "RCF") between Otovo's wholly owned subsidiary European Distributed Energy
Assets Midco AS ("EDEA") and DNB Bank ASA and Sparebank1 SR-Bank ASA (together,
the "Banks").

In Q1-24 the Banks agreed to an extension of the RCF by one year. Today, the
parties have signed the amendment and restatement agreement formalising the
extension, with the following amended terms:

* RCF of EUR 50m + 50m accordion option (no change)
* Interest margin reduced to 325 bps (from 350 bps)
* Debt ratio increased to 75% of ticket size (from 60%) for Austria,
Switzerland, Belgium and the Netherlands 
* Covenants unchanged 
* New maturity date 24 January 2026 (extended one year) with the possibility of
another year extension

- Last year we proved a key point in our business model by selling the first
Norwegian and Swedish subscription portfolios. We keep developing such
portfolios in Scandinavia and the rest of Europe for future transactions with
the support from our funding banks, says Andreas Thorsheim, the CEO of Otovo and
chairman of EDEA.

About Otovo:
For homeowners, Otovo is the easiest way to get solar panels on the roof, and
batteries in the home. Otovo is a pan-European 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.