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Regulatory press release

Otovo ASA - Ex. reverse share split today

Otovo
Oslo, 3 February 2026
Issuer Name: Otovo ASA
Ex-date: 3 February 2026
Type of corporate action: Reverse share split

Reverse split ratio: 10:1, i.e. ten (10) old shares give one (1) new share

New par value per shares: NOK 0.10

New number of shares outstanding: 53,139,081 shares

***
For further information, please contact:
William J. (John) Berger, Chief Executive Officer Email: John.berger@otovo.com
Andreas Thorsheim, Chief Product Officer Email: athornor@otovo.com
About Otovo
Otovo is an AI-Native energy services company in Europe and the United States.
We combine real-time equipment monitoring, rapid repairs, dependable power
supply, and grid participation into a single, seamless service-delivering
maximum service at a minimal cost. Endurance, Otovo's industry-leading AI
platform, continually monitors installed equipment in homes and businesses,
optimizes the entire service process from problem detection to resolution, and
coordinates repairs around the clock. "Your Power, Backed by Ours." Otovo is
listed on the Euronext Oslo Stock Exchange under the ticker OTOVO. Visit us at
https://otovo.ai/.
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