Otovo ASA: Mandatory notification of trade and disclosure of large shareholding - redelivery of shares lent in connection with Offering

Reference is made to the announcements by Otovo ASA (the "Company" or "Otovo") on 23 October 2026 regarding the successful completion of a private placement and a retail offering (together, the "Offering") and on 29 October 2026 regarding registration of the Company's new share capital following the Offering. Reference is furthermore made to the mandatory notification of trade and disclosure of large shareholding by Jackson Leigh Ventures, LLC published on ticker "OTOVO" on 23 October 2026.

The 3,500,000 shares in Otovo that were lent pursuant to the share lending agreement have today been redelivered. Following the redelivery of the shares, Jackson Leigh Ventures, LLC holds 12,313,023 shares in Otovo, equal to 14.76% of the total shares and votes in Otovo.

Please see the attached PDMR form for further details.

Disclosure regulation This disclosure is made pursuant to Sections 4-2 and 5-12 of the Norwegian Securities Trading Act and Article 19 of the EU Market Abuse Regulation.