NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE
DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

***

Reference is made to the previous announcements regarding Otovo AS' ("Otovo")
all share offer for all the shares in European 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 the Norwegian Register
of Business Enterprises (the "NRBE"). Final settlement by delivery of the
consideration shares to the EDEA shareholders who accepted the Offer is expected
 on or about 8 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.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange