In connection with its previously announced reduction in workforce, Otonomo Technologies Ltd. has released Mr. Fred Kohout and Mr. Anders Truelsen, effective as of March 31, 2023. Mr. Kohout served as the Company's Chief Marketing Officer from December 6, 2021. Mr. Truelsen served as the Company's Chief Revenue Officer from July 26, 2021.

The terminations were not the result of any disagreement with the Company.