Otovo ASA – Disclosure of Shareholding

Reference is made to the announcement published by Otovo ASA (the "Company") on 2 March 2026 regarding the lending of 11,070,520 shares from Jackson Leigh Ventures, LLC, a company closely associated with the Company's CEO, William John Berger. This share lending was arranged to facilitate delivery versus payment (DVP) settlement for tranche 1 of the successful private placement of 13,985,000 new shares at a subscription price of NOK 11.50 per share (the "Private Placement"), as outlined in the share lending agreement between Arctic Securities AS, acting as manager in the Private Placement, (the "Manager"), the Company, and Jackson Leigh Ventures, LLC (the "Share Lending Agreement"). Further reference is made to the Company's announcement on 9 March 2026 concerning the registration of the share capital increase related to the issuance of the 11,070,520 new shares in tranche 1 of the Private Placement with the Norwegian Register of Business Enterprises. All 11,070,520 new shares issued in tranche 1 of the Private Placement were subscribed for by the Manager and subsequently redelivered in full to Jackson Leigh Ventures, LLC, thereby settling the shares borrowed under the Share Lending Agreement. Following the redelivery, Jackson Leigh Ventures, LLC now holds 12,313,023 shares in the Company, representing 19.18% of the total shares and voting rights in the Company. This notification is made in accordance with Sections 4-2 and 5-12 of the Norwegian Securities Trading Act.