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Regulatory press release

OTOVO: Otovo employees appoint new Employee Representatives to the Board of Directors

Otovo
On 8 April 2025, the employees of the Otovo Group elected Nanna Petersen and
Samuel Gürtl as new Employee Representatives at the Board of Directors of Otovo
ASA with a term of office of two years starting 1 May 2025.

Nanna Petersen is a German citizen working as a team manager for pre-sales in
the Group's European Operations Centre in Madrid. Samuel Gürtl is an Austrian
citizen working as a global head of sales operations, and is located in Vienna.
The two will replace Zoë Wyon and Nico Schwab, who will end their term on the
same date.

On behalf of the of the Otovo Group, we would like to thank Nico and Zoë for
their service as board members.

***

For further queries, please contact:

Andreas Thorsheim, Chief Executive Officer
Phone: +47 93 06 51 78

Petter Ulset, Chief Financial Officer
Phone: +47 93 60 26 43


***

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, high quality and qualified 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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