Otovo ASA - option allocation to primary insiders and employees

23 Feb 2023 08:30 CET

Otovo ASA (the "Company") has awarded 4,810,000 options under the Company’s
share option programme that was authorised by the extraordinary general meeting
9 February 2023. The strike price of the options was set at NOK 15.60
corresponding to the close price on 22 February 2023, and the options will vest
over three years with 1/3 each year.

The following primary insiders have been allocated options:

Andreas Thorsheim (CEO): 210,000
Petter Ulset (CFO): 210,000
Simen Fure Jørgensen (CPO): 210,000
Paulina Ackermann (Managing Director): 210,000
Inigo Amoribieta (Managing Director): 210,000
Jean Rosado (Managing Director): 210,000
Fabio Stefanini (Managing Director): 210,000
Lars Ekeland (General Counsel): 120,000
Alejandro Diaz Burgers (board employee representative): 30,000
Julie Orzechowski (board employee representative): 30,000

The primary insider notification form pursuant to the requirements of the Market
Abuse Regulation will be published in due course.

The remaining options will be allocated to employees of the Group. Adjustments
to the total number of outstanding options will be reported quarterly in the
Group’s financial reports.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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About Otovo: For homeowners, Otovo is the easiest way to get solar panels on the
roof, and batteries in the home. Otovo is a marketplace that organises hundreds
of local, vetted, high quality energy installers. The company uses its
proprietary technology to analyse 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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