Correction: Otovo ASA – Mandatory Notification of Trade

Reference is made to the announcement by Otovo ASA (the "Company") on 2 March 2026 regarding the subscription for, and allocation of, shares to persons discharging managerial responsibilities ("PDMRs") in connection with the successful private placement of 13,985,000 new shares in the Company at a subscription price of NOK 11.50. Please see attached the corrected PDMR forms related to the allocation of shares to PDMRs and their closely related persons in connection with the Private Placement. The following persons have subscribed for and been allocated new shares in the Private Placement at the subscription price of NOK 11.50 per share: • Torjussen Consulting AS, a company closely associated with 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. 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 Section 4-2 of the Norwegian Securities Trading Act.