PDMR notifications – redelivery of borrowed shares

Reference is made to the stock exchange announcement regarding the share lending arrangements entered into between the Company, Arctic Securities AS (on behalf of the Managers) and certain shareholders as lenders in connection with the private placement announced on 17 February 2022. Arctic Securities AS has today re-delivered all 18,750,000 loaned shares to the lenders. Please see the PDMR notifications attached. For further information, please contact: Lars Ekeland, General Counsel Phone: +47 91 60 70 53 *** Disclosure Regulation: This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. *** About Otovo: For homeowners, Otovo is the easiest way to get solar panels on the roof. Otovo is a marketplace that organizes hundreds of local, high-quality, and qualified energy installers. The company uses its proprietary technology to analyze 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.