OTOVO ASA – New share capital registered

28 Jan 2026 10:02 CET

Oslo, 28 January 2026

Reference is made to the stock exchange notice published by Otovo ASA (the
"Company" or "Otovo") on 16 January 2026, regarding the resolution by the board
of directors to increase the share capital to facilitate a reverse share split.

The share capital increase pertaining the issuance of 4 new shares, each with a
nominal value of NOK 0.01 has today been registered with the Norwegian Register
of Business Enterprises (Nw. Foretaksregisteret). Following the registration,
the Company's share capital is NOK 5,313,908.10, divided into 531,390,810
shares, each with a nominal value of NOK 0.01.

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

***

For further information, please contact:
William J. (John) Berger, Chief Executive Officer Email: John.berger@otovo.com
Andreas Thorsheim, Chief Product Officer Email: athornor@otovo.com

More information:
Access the news on Oslo Bors NewsWeb site

664324_Otovo ASA - Certificate of registration as of 27.01.2026 (Norwegian only)(22084462.1).pdf