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"). 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").

Mandatory notification of trades: Please see the attached PDMR forms related to the allocation of shares to persons discharging managerial responsibilities ("PDMRs") in connection with the Private Placement.

The following PDMRs have subscribed for and been allocated new shares in the Private Placement at the subscription price of NOK 11.50 per share:

• Lars Erik Torjussen, Chair of the Board of Directors, has been allocated 41,608 shares; • George Coyle, member of the Board of Directors, has been allocated 83,217 shares.

Disclosure of share lending To facilitate DVP settlement of the shares allocated to investors in tranche 1 of the Private Placement, Jackson Leigh Ventures, LLC, a company closely associated with the Company's CEO, William John Berger, and which holds its shares in the Company through Citibank N.A as nominee, has lent 11,070,520 existing shares in the Company to the Manager pursuant to the Share Lending Agreement.

The Company's board of directors has resolved to issue 11,070,520 new shares in tranche 1 of the Private Placement. All such new shares will be subscribed for by the Manager, and, if and when issued, an aggregate of 11,070,520 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 through Citibank N.A. as nominee, 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 has been diluted to 19.18% of the total shares and votes in the Company.

If and when the extraordinary general meeting resolves to issue 2,914,480 new shares in tranche 2 of the Private Placement, Jackson Leigh Ventures, LLC's share will be 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 the Private Placement, Jackson Leigh Ventures LLC will temporarily hold 1,242,503 shares, representing 1.85 % 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.