Otovo ASA – Mandatory Notification of Trade and Disclosure of Shareholding

Reference is made to the announcement by Otovo ASA (the "Company") on 2 March 2026 regarding the successful private placement of 13,985,000 new shares in the Company at a subscription price of NOK 11.50 (the "Private Placement"). Reference is further made to the announcement from the Company today regarding the completion of extraordinary general meeting. The delivery versus payment (DVP) settlement in the Private Placement is facilitated by a share lending agreement between Arctic Securities AS, acting as manager in the Private Placement (the "Manager"), the Company and Jackson Leigh Ventures, LLC, a company controlled by the Company's CEO, William John Berger (the "Share Lending Agreement"). Disclosure of share lending To facilitate DVP settlement of the shares allocated to investors in tranche 2 of the Private Placement, Jackson Leigh Ventures, LLC, a company closely associated with the Company's CEO, William John Berger, has lent 2,914,480 existing shares in the Company to the Manager pursuant to the Share Lending Agreement. The extraordinary general meeting of the Company has resolved to issue 2,914,480 new shares in tranche 2 of the Private Placement. All such new shares will be subscribed for by the Manager, and, if and when issued, an aggregate of 2,914,480 new shares will be delivered by the Manager to Jackson Leigh Ventures LLC in full settlement of the shares borrowed under the Share Lending Agreement. Disclosure of shareholding Prior to the Private Placement, Jackson Leigh Ventures LLC held 12,313,023 shares in the Company, representing 23.17 % of the total shares and votes in the Company. Following the board of directors' resolution to issue 11,070,520 new shares in tranche 1 of the Private Placement, Jackson Leigh Ventures LLC's proportionate shareholding was diluted to 19.18% of the total shares and votes in the Company. Following the extraordinary general meeting's resolution to issue 2,914,480 new shares in tranche 2 of the Private Placement, Jackson Leigh Ventures, LLC's share has been further diluted to 18.34 % of the total shares and votes in the Company. Pursuant to the Share Lending Agreement and in order to facilitate DVP settlement in tranche 2 of the Private Placement, Jackson Leigh Ventures LLC will temporarily hold 9,398,543 shares, representing 14.00 % of the total shares and votes in the Company. This temporary reduction in shareholding will be reversed upon re-delivery of the borrowed shares to Jackson Leigh Ventures LLC in settlement of the Share Lending Agreement, as described above. Disclosure regulation This disclosure is made pursuant to Article 19 of the EU Market Abuse Regulation (mandatory notification of trades by persons discharging managerial responsibilities and persons closely associated with them) and Sections 4-2 and 5-12 of the Norwegian Securities Trading Act.