NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTOTHE UNITED STATES ,CANADA ,AUSTRALIA ORJAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL *** Reference is made to the previous announcements regardingOtovo AS' ("Otovo") all share offer for all the shares inEuropean Distributed Energy Assets Holding AS ("EDEA") (the "Offer") and the resolution by the extraordinary general meeting (EGM) held on Friday 3 December to issue 7.639.508 shares as consideration for the purchased EDEA shares. The share capital increase has now been registered with theNorwegian Register ofBusiness Enterprises (the "NRBE"). Final settlement by delivery of the consideration shares to the EDEA shareholders who accepted the Offer is expected on or about8 December 2021 . The consideration shares in the Offer will, when issued, be registered in book-entry form in the VPS and have ISIN NO0010809783. The consideration shares are expected to be listed and tradable on Euronext Growth Oslo under the ticker code "OTOVO" from on or about the time they are issued. *** About Otovo: For homeowners, Otovo is the easiest way to get solar panels on the roof. Otovo is a marketplace that organizes hundreds of local, high-quality, and qualified energy installers. The company uses its proprietary technology to analyze 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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