Otovo ASA - option allocation to primary insiders and employees

Otovo ASA (the "Company") has awarded 4,810,000 options under the Company’s share option programme that was authorised by the extraordinary general meeting 9 February 2023. The strike price of the options was set at NOK 15.60 corresponding to the close price on 22 February 2023, and the options will vest over three years with 1/3 each year. The following primary insiders have been allocated options: Andreas Thorsheim (CEO): 210,000 Petter Ulset (CFO): 210,000 Simen Fure Jørgensen (CPO): 210,000 Paulina Ackermann (Managing Director): 210,000 Inigo Amoribieta (Managing Director): 210,000 Jean Rosado (Managing Director): 210,000 Fabio Stefanini (Managing Director): 210,000 Lars Ekeland (General Counsel): 120,000 Alejandro Diaz Burgers (board employee representative): 30,000 Julie Orzechowski (board employee representative): 30,000 The primary insider notification form pursuant to the requirements of the Market Abuse Regulation will be published in due course. The remaining options will be allocated to employees of the Group. Adjustments to the total number of outstanding options will be reported quarterly in the Group’s financial reports. 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, 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.