On 21 June 2024 the employees of the Otovo Group elected Mr. Nico Schwab as new
employee representatives at the board of directors of Otovo ASA with a term of
office of one year starting 1 July 2024. Mr. Schwab is a German citizen working
as customer manager in the Group's European Operations Centre in Madrid, and he
will replace Matteo Ciprandi who will leave the Group and therefore end his term
on the same date.

For further information, please contact: 

Lars Ekeland General Counsel +47 91 60 70 53 

*** 

About Otovo: For homeowners, Otovo is the easiest way to get solar panels on the
roof, and batteries in the home. Otovo is a marketplace that organises hundreds
of local, high quality and qualified energy installers. The company uses its
proprietary technology to analyse the potential of any home and finds the best
price and installer for customers based on an automatic bidding process between
available installers. 

Follow us on investor.otovo.com for reports, financial calendar, contact details
and more.

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