Disclosure of Shareholding

Reference is made to the stock exchange notice by Otovo ASA (the "Company") on 2 March 2026 regarding the issuance of the new private placement shares of 13,985,000 new shares in the Company at a subscription price of NOK 11.50 (the "Private Placement"). Following the completion of the Private Placement, on 3 March 2026, funds and sub-advised accounts under the management of Encompass held 4,158,997 shares in the Company, which is equal to approximately 7.83% of the total share capital and voting rights in the Company. This notification is made public pursuant to Section 4-2 of the Norwegian Securities Trading Act.