Reference is made to the stock exchange announcement by Otovo ASA (the
"Company") on 14 September 2026 regarding a resolution made by the Company's
board of directors to issue 283,352 new shares (the "Consideration Shares") as
consideration under the Company's agreement with Freedom Power to acquire the
rights to service the limited warranties of Freedom Power's commercial solar
portfolio, consisting of more than 400 commercial systems representing
approximately 70 MW of capacity.
The share capital increase pertaining to the issuance of the Consideration
Shares has today been registered with the Norwegian Register of Business
Enterprises. Following the registration, the share capital of the Company is NOK
7,993,180.80, divided into 79,931,808 shares, each with a nominal value of NOK
0.10.
The newly issued Consideration Shares will be delivered on a separate, unlisted
ISIN pending publication of a listing prospectus.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
n Securities Trading Act. \