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Regulatory press release

Otovo ASA - Mandatory Notification of Trade and Disclosure of Shareholding

Otovo
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:

o Lars Erik Torjussen, Chair of the Board of Directors, has been allocated
41,608 shares
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