Otovo ASA - Notification of primary insider trade and disclosure of large shareholdings

AxSol AB (“AxSol”), a close associate of primary insider and board member Johan Erik Sixten Bergström in Otovo ASA, has today, 22 February 2023, bought 3,316,308 shares in Otovo ASA at an average price of NOK 16.744 per share. After the transaction, AxSol holds 38,489,971 shares corresponding to 25.87 % of the outstanding shares and votes in Otovo ASA. AxSol does not own any rights to shares in Otovo ASA. Please see attached primary insider notification form pursuant to the requirements of the Market Abuse Regulation. This information is subject to disclosure under the Norwegian Securities Act section 5-12 and pursuant to section 4-2 of the Norwegian Securities Trading Act. *** 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.