Reference is made to the stock exchange announcement published on 23 September
2022 regarding the initiation of the process with the Oslo Stock Exchange (OSE)
for the transfer of the Company's shares from Euronext Growth to the OSE main
list. 

In accordance with the Board of Directors' expressed intent to uplist within 12
months, as described in the stock exchange announcement published on 17 February
2022, Otovo reiterates its plans to transfer its shares to the OSE main list.
The company expects to submit its listing application and have the shares in the
Company admitted to trading on the main list in January 2023.

The Company has prepared a prospectus in connection with the transfer and
listing of its shares on the OSE main list, and the prospectus was approved by
the Financial Supervisory Authority of Norway (Nw.: Finanstilsynet) today on 9
December 2022. The prospectus will be available on investor.otovo.com.

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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, 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.