Disclosure of Shareholding

11 Mar 2026 08:07 CET

Reference is made to the stock exchange notice by Otovo ASA (the "Company") on 2
March 2026 regarding the issuance of the new private placement shares of
13,985,000 new shares in the Company at a subscription price of NOK 11.50 (the
"Private Placement").

Following the completion of the Private Placement, on 3 March 2026, funds and
sub-advised accounts under the management of Encompass held 4,158,997 shares in
the Company, which is equal to approximately 7.83% of the total share capital
and voting rights in the Company.

This notification is made public pursuant to Section 4-2 of the Norwegian
Securities Trading Act.

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