Correction - Otovo ASA – Key information relating to the reverse share split

02 Feb 2026 13:46 CET

Oslo, 30 January 2026
Reference is made to the stock exchange announcement made by Otovo ASA (the
"Company" or "Otovo") on 5 December 2025, regarding the Company's extraordinary
general meeting resolving a reverse share split of the Company's shares. Key
information related to the reverse share split is set out below:
Date on which the corporate action was made public: 5 December 2025

Reverse split ratio: 10:1, i.e. ten (10) old shares give one (1) new share

Last day including right: 2 February 2026

Ex-date: 3 February 2026

Record date: 4 February 2026

New ISIN: NO0013721613

Date of ISIN change: 3 February 2026

Date of approval: 5 December 2025 (extraordinary general meeting)

Following completion of the reverse share split, the nominal value of the
Company's shares will be increased from NOK 0.01 to NOK 0.10. Shareholders who
do not own a number of shares which can be divided by 10 shall, in connection
with the reverse share split, have their holdings rounded downwards, so that the
shareholders receive a whole number of shares. Fractional shares will not be
issued, and the shareholders will be compensated for the rounding based on the
market price for the shares at the time the reverse share split is carried out.
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
About Otovo
Otovo is an AI-Native energy services company in Europe and the United States.
We combine real-time equipment monitoring, rapid repairs, dependable power
supply, and grid participation into a single, seamless service–delivering
maximum service at a minimal cost. Endurance, Otovo’s industry-leading AI
platform, continually monitors installed equipment in homes and businesses,
optimizes the entire service process from problem detection to resolution, and
coordinates repairs around the clock. “Your Power, Backed by Ours.” Otovo is
listed on the Euronext Oslo Stock Exchange under the ticker OTOVO. Visit us at
https://otovo.ai/.

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