Stock exchange notices

Stock exchange notices

• Oct 01, 2026 NON-REGULATORY PRESS RELEASES

  September 2026 Operational Update

  Service Business Operating Update Preliminary and unaudited Overview. Otovo ASA ("Otovo") is providing preliminary, unaudited September 2026 service metrics as part of its series of monthly investor updates. Otovo will continue to publish three service-business metrics monthly for the near future: service work-order volume, average revenue per service work order and estimated gross margin. September and August service metrics (reflects only U.S. operations and uses quote-based revenue estimates) Metric September 2026 August 2026 Estimated service work orders 3,137 2,766 Estimated average revenue per service work order $753 $656 Estimated gross margin 49% 46% The number of estimated service work orders in the month of September was 3,137, an increase of 13% compared to the prior month with an estimated average revenue of $753, an increase of 15%. Estimated gross margin increased from 46% in August to 49% in September. Estimated breakeven and profitability metrics The breakeven estimate analysis presented in the August operational update remains unchanged from the prior month. As a rough rule of thumb for investors, management estimates two work orders per technician per working day. Work orders per technician per month will vary with the mix of jobs. Work orders requiring two technicians, such as those for commercial customers, typically generate more revenue per work order but reduce the number of work orders each technician can complete. This assumption provides a basis for assessing revenue potential and profitability. As the average service revenue per work order increases or decreases, the number of work orders required to reach this breakeven level will decrease or increase, respectively. The estimate excludes dual-listing costs, acquisition-related legal costs, restructuring costs such as severance, and non-cash expenses such as bad debt. It is a non-IFRS management measure and should not be interpreted as IFRS net income or cash flow from operating activities as presented under IFRS. September performance gives management confidence in the trajectory of the business as we move into the fourth quarter. Lower costs and growing demand Cost-cutting efforts are ahead of the plans established on July 31, 2026, driven primarily by Endurance's improved performance and expanded capabilities in the third quarter. Management estimates that SG&A staffing, measured in full-time employee equivalents (FTEs), was reduced by one third from August 1 to October 1, 2026. Further SG&A reductions are expected in the fourth quarter. Technician hiring was brisk during September and remains so. Otovo had more than 115 technicians across the United States and Europe as of September 30, 2026. Management continues to expect the global technician count to exceed 300 by year-end. Service work-order intake continued to exceed completions during September, furthering the backlog. Management expects continued technician hiring to increase completed work orders, reduce overtime and spread fixed costs across greater volume, thereby lowering fixed cost per work order and improving estimated gross margin per completed service work order. Recently announced, but not yet completed, acquisitions are collectively expected to more than double Otovo's technician count upon their closings which are expected to occur in the fourth quarter of 2026. The September figures and backlog growth exclude any contribution from the announced acquisition targets and any unrealized Endurance-related efficiencies at those businesses. All figures are preliminary and unaudited and remain subject to Otovo's normal financial-close procedures. Investor Relations Contacts Rodney McMahan Head of Investor Relations [email protected] Forward-Looking Statements This report contains forward-looking statements within the meaning of applicable securities laws. Actual results may differ because of demand, cancellations, technician availability, pricing, costs, project and membership performance, transaction closings, integration and other risks described in Otovo's public disclosures. Forward-looking statements include, but are not limited to, statements regarding the company’s expectations, plans, objectives, strategy, future operations, business performance, financial condition, prospects, growth opportunities, market position, anticipated benefits of transactions or initiatives, and other statements that are not historical facts. Forward-looking statements may be identified by words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would,” and similar expressions. These forward-looking statements are based on current expectations, assumptions, estimates, and projections and are subject to risks, uncertainties, and other factors, many of which are beyond the company’s control, that could cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among others, market conditions, regulatory developments, competitive pressures, customer demand, supply chain constraints, macroeconomic conditions, execution risks, and other risks described in the Company’s public filings or other disclosures, if applicable. The company undertakes no obligation to update or revise any forward-looking statements contained in this report, whether as a result of new information, future events, or otherwise, except as required by applicable law. Readers should not place undue reliance on forward-looking statements, which speak only as of the date of this report.
• Sep 25, 2026 NON-REGULATORY PRESS RELEASES

  Otovo and InCharge Energy Partner to Offer Solar, Battery Storage and EV Charging Services Across U.S.

  Launching in California, Arizona, Texas, and Florida, with additional state launches planned by the end of 2026 HOUSTON, TX and LOS ANGELES, CA, September 24, 2026 – Otovo ASA (Euronext Oslo Børs: OTOVO; "Otovo"), a leading provider of behind-the-meter energy services for homes and businesses, today announced a service partnership with InCharge Energy ("InCharge"), a trusted national provider of EV charging installation and maintenance services. By combining their service offerings, which together span more than 100,000 energy assets, Otovo and InCharge can provide commercial customers with a single service relationship covering solar, battery storage, and EV charging equipment across key U.S. markets. Together, Otovo and InCharge will offer each other's preventive maintenance plans, with each company dispatching its own technicians, expanding the footprint and capabilities of each service provider. Otovo will bring its Endurance™ AI platform to the shared work, so a job originating with either company is logged, dispatched and closed against one record of the site. Each company continues to sell and perform under its own brand. InCharge Energy operates more than 40,000 EV chargers across the U.S. "We built this partnership around a simple idea: a customer shouldn't need multiple vendors just because their energy assets came from different systems," said William J. (John) Berger, Chief Executive Officer of Otovo. "By joining forces on commercial energy service, we can seamlessly integrate work orders through Endurance™, giving customers one call and one relationship instead of separate vendors and contracts for every system on site." “Technology alone doesn’t keep critical energy infrastructure operating – it takes highly-skilled people in the field,” said Rich Mohr, Chief Executive Officer of InCharge Energy. “Otovo and InCharge have both made significant investments in technical talent and electrical field service capabilities, and we will continue to invest as these systems become more critical to our customers’ operations. By utilizing InControl™ and Endurance™ together, we can bring better asset intelligence to our field teams and enable a more proactive approach to how EV charging, solar, battery storage and supporting electrical infrastructure are managed and maintained.” The partnership draws on established scale on both sides. Otovo currently services more than 60,000 customers, and InCharge’s InControl software platform connects and supports more than 40,000 EV charging assets across more than 1,060 completed infrastructure projects. In 2025, InCharge’s team completed more than 24,000 support cases, resolving approximately 80% of charger issues remotely, with the InControl platform maintaining 99.99% uptime. InCharge’s broader network spans every U.S. state and Canadian province, supported by regional sales and service offices in Los Angeles, CA, Richmond, VA, and Fort Worth, TX, and includes more than 100 field service staff. That scale underpins the companies’ plans to expand this partnership into new markets. Work orders will pass directly between Otovo and InCharge, with Endurance™, Otovo’s industry-leading AI platform, handling intake, dispatch and scheduling on the Otovo side. Each company will act as a reseller of the other's preventive maintenance plans in the launch geographies, holding its own customer relationship. Pricing on the reciprocal plans is matched between the companies. The partnership addresses a structural gap for commercial sites carrying multiple energy assets. A property with rooftop solar, battery storage, EV chargers and a backup generator typically holds a separate contract, a separate response commitment and a separate point of contact for each one. About InCharge Energy InCharge Energy is a full lifecycle energy infrastructure partner, delivering EV charging, electrical and lighting, and distributed energy solutions. InCharge supports customers from initial concept and construction through long-term ongoing operations and maintenance. By providing one accountable partner across the energy lifecycle, InCharge Energy helps organizations operate more reliably, scale with confidence, and reduce total cost of ownership through best-in-class service and maintenance. More information is available at www.inchargeus.com. About Otovo Otovo is an AI-Native behind-the-meter energy services company serving homes and businesses across 15 European markets, Israel and the United States. Otovo combines equipment monitoring, rapid repairs, dependable power supply and grid participation in one service. Endurance™, Otovo’s AI platform, monitors installed equipment, optimizes service from problem detection to resolution and coordinates repairs around the clock. “Your Power, Backed by Ours™.” Otovo is listed on Euronext Oslo Børs under the ticker OTOVO. Visit us at www.otovo.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include, but are not limited to, statements regarding the company’s expectations, plans, objectives, strategy, future operations, business performance, financial condition, prospects, growth opportunities, market position, anticipated benefits of transactions or initiatives, and other statements that are not historical facts. Forward-looking statements may be identified by words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would,” and similar expressions. These forward-looking statements are based on current expectations, assumptions, estimates, and projections and are subject to risks, uncertainties, and other factors, many of which are beyond the company’s control, that could cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among others, market conditions, regulatory developments, competitive pressures, customer demand, supply chain constraints, macroeconomic conditions, execution risks, and other risks described in the Company’s public filings or other disclosures, if applicable. The company undertakes no obligation to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events, or otherwise, except as required by applicable law. Readers should not place undue reliance on forward-looking statements, which speak only as of the date of this press release. # # # Contact Matt Dallas 917-363-1333 [email protected]
• Sep 21, 2026 ADDITIONAL REGULATED INFORMATION REQUIRED TO BE DISCLOSED UNDER THE LAWS OF A MEMBER STATE

  Otovo ASA - Correction to Q2 2026 results

  Oslo, September 21, 2026 – Reference is made to the announcement published by Otovo ASA (ticker "Otovo") (Otovo" or the "Company") on August 13, 2026 regarding its Q2 2026 results. The Company has today published an updated version of its Q2 2026 Results, which now includes the responsibility statement pursuant to section 5-6 of the Norwegian Securities Trading Act. No other changes have been made to the Q2 2026 Results Report. The updated Q2 2026 Report is attached to this announcement.
• Sep 21, 2026 TOTAL NUMBER OF VOTING RIGHTS AND CAPITAL

  Otovo ASA: New share capital registered

  Reference is made to the stock exchange announcement by Otovo ASA (the "Company") on 14 September 2026 regarding a resolution made by the Company's board of directors to issue 283,352 new shares (the "Consideration Shares") as consideration under the Company's agreement with Freedom Power to acquire the rights to service the limited warranties of Freedom Power's commercial solar portfolio, consisting of more than 400 commercial systems representing approximately 70 MW of capacity. The share capital increase pertaining to the issuance of the Consideration Shares has today been registered with the Norwegian Register of Business Enterprises. Following the registration, the share capital of the Company is NOK 7,993,180.80, divided into 79,931,808 shares, each with a nominal value of NOK 0.10. The newly issued Consideration Shares will be delivered on a separate, unlisted ISIN pending publication of a listing prospectus. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
• Sep 14, 2026 ADDITIONAL REGULATED INFORMATION REQUIRED TO BE DISCLOSED UNDER THE LAWS OF A MEMBER STATE

  Otovo ASA: Resolution to issue new shares

  Reference is made to the stock exchange announcement dated 4 February 2026 relating to Otovo ASA's ("Otovo" or the "Company") agreement to acquire the rights to service the limited warranties of Freedom Power's commercial solar portfolio, consisting of more than 400 commercial systems representing approximately 70 MW of capacity (the "Agreement"). Under the Agreement, Otovo is obliged to issue consideration shares (the "Consideration Shares") to Freedom Solar LLC ("Freedom") equal to USD 425,000 (the "Consideration Amount"). Pursuant to the Agreement, the Consideration Amount is converted into NOK based on Norges Bank's official exchange rate for USD two business days prior to the issuance of the Consideration Shares, i.e., 10 September 2026. The Consideration Shares are issued at a subscription price per share equal to the volume-weighted average price (VWAP) of the Company's shares on Euronext Oslo Børs over the fourteen (14) consecutive trading days immediately preceding 1 March 2026 being the effective date of the Agreement, rounded down to the nearest whole share. The VWAP for the relevant period was NOK 13.8982. The board of directors of Otovo has today, based on an authorization granted by the annual general meeting of the Company on 15 May 2026, resolved to issue 283,352 new shares (the "Consideration Shares") in the Company at a nominal value of NOK 0.1 per share. The Consideration Shares will be issued on a separate, unlisted ISIN. The Consideration Shares will only become tradeable on Euronext Oslo Børs once a prospectus has been approved by the Norwegian Financial Supervisory Authority and published by the Company, which is expected during Q4 2026. Following registration of the Consideration Shares with the Norwegian Register of Business Enterprises, the share capital of Otovo will be NOK 7,993,180.80, divided into 79,931,808 shares, each with a nominal value of NOK 0.1. DISCLOSURE REGULATION This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
• Sep 08, 2026 ADDITIONAL REGULATED INFORMATION REQUIRED TO BE DISCLOSED UNDER THE LAWS OF A MEMBER STATE

  Otovo ASA: Cessation of employee board representation and change in the board of directors

  Otovo ASA is currently below the statutory threshold for the employees' right to board representation. The board of directors has accordingly resolved that the employee board representation arrangement shall cease. In addition, Nanna Petersen, who served as the only employee representative on the board of directors, has left the company. Her position on the board ceased automatically upon the end of her employment, which took effect on 20 August 2026. The company will accordingly no longer have employee representatives on its board of directors. *** For further information, please contact: William J. (John) Berger, Chief Executive Officer Email: [email protected] This information is subject of the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. About Otovo Otovo is an AI-Native behind-the-meter energy services company serving homes and businesses across 15 European markets, Israel and the United States. Otovo combines equipment monitoring, rapid repairs, dependable power supply and grid participation in one service. Endurance®, Otovo’s AI platform, monitors installed equipment, optimizes service from problem detection to resolution and coordinates repairs around the clock. “Your Power, Backed by Ours™.” Otovo is listed on Euronext Oslo Børs under the ticker OTOVO. Visit us at otovo.com.
• Sep 01, 2026 NON-REGULATORY PRESS RELEASES

  August 2026 Operational Update

  Service Business Operating Update Preliminary and unaudited Overview. Otovo ASA ("Otovo") is providing preliminary, unaudited August 2026 service metrics as the first in a series of monthly investor updates. Beginning with August, Otovo will publish three service-business metrics monthly for the foreseeable future: completed service work orders, average revenue per completed service work order and estimated gross margin per completed service work order. August service metrics Metric August 2026 Estimated completed service work orders 2,766 Estimated average revenue per completed service work order $656 Estimated gross margin per completed service work order 46% Revenue from completed service work orders represents a large portion of Otovo's blended revenue; accordingly, the estimated gross margin per completed service work order is expected to be close to the blended gross margin across service work, memberships and projects. Estimated daily break-even level Using the August average revenue per work order and a conservative view of membership and project margins, management estimates that approximately 160 completed service work orders per business day would cover Otovo's recurring company cost base, including corporate overhead. Otovo refers to this estimate as its core company cash-flow break-even level. As the average service revenue per work order increases or decreases, the number of work orders required to reach this break-even level would decrease or increase, respectively. The estimate excludes dual listing costs, acquisition-related legal costs, restructuring costs such as severance, and non-cash expenses such as bad debt. It is a non-IFRS management measure and should not be interpreted as IFRS net income or cash flow from operating activities as presented under IFRS. Daily completions and average service work order revenue reached the estimated break-even level late in August, and management expects such performance to improve into September given additional technician capacity and continued growth in work order intake. Lower costs and growing demand Cost reductions implemented during August are expected to impact September and later periods. Additional Endurance-enabled cost reductions are planned for September and October. All cost reductions are expected to further improve the company's financial performance. The 160-work-order threshold was estimated based on Otovo's August cost structure and therefore does not assume savings from measures or efficiencies resulting from expanded Endurance capabilities executed during August or expected to be implemented in September and beyond. Service work-order intake exceeded completions during August, increasing Otovo's backlog and technician overtime. Management expects technician hiring to increase completed work orders, reduce technician overtime and spread fixed costs across greater volume, thereby lowering the fixed cost per work order and improving the estimated 46% gross margin per completed service work order. The August figures exclude any contribution from Green Panel or the other announced acquisition targets and exclude any unrealized Endurance-related efficiencies at those businesses. All figures are preliminary and unaudited and remain subject to Otovo's normal financial-close procedures. The $656 amount is average service revenue per completed service work order during August. Investor Relations Contacts Rodney McMahan Head of Investor Relations [email protected] Forward-Looking Statements This report contains forward-looking statements within the meaning of applicable securities laws. Actual results may differ because of demand, cancellations, technician availability, pricing, costs, project and membership performance, transaction closings, integration and other risks described in Otovo's public disclosures. Forward-looking statements include, but are not limited to, statements regarding the company’s expectations, plans, objectives, strategy, future operations, business performance, financial condition, prospects, growth opportunities, market position, anticipated benefits of transactions or initiatives, and other statements that are not historical facts. Forward-looking statements may be identified by words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would,” and similar expressions. These forward-looking statements are based on current expectations, assumptions, estimates, and projections and are subject to risks, uncertainties, and other factors, many of which are beyond the company’s control, that could cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among others, market conditions, regulatory developments, competitive pressures, customer demand, supply chain constraints, macroeconomic conditions, execution risks, and other risks described in the Company’s public filings or other disclosures, if applicable. The company undertakes no obligation to update or revise any forward-looking statements contained in this report, whether as a result of new information, future events, or otherwise, except as required by applicable law. Readers should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.
• Aug 27, 2026 INSIDE INFORMATION

  Otovo to Acquire PV Hawaii and Mr. Elektro for USD 4.6 Million, Expanding in the U.S. and Europe

  Acquisitions to extend Otovo's behind-the-meter platform into Hawaii and strengthen its service capacity in Europe Oslo, Norway, August 27, 2026 – Otovo ASA (Euronext Oslo Børs: OTOVO; “Otovo”), a leading provider of behind-the-meter energy services for homes and businesses, today announced it has entered into two non-binding letters of intent (LOIs) to acquire (i) PV Hawaii, LLC (“PV Hawaii”), a solar operations and maintenance provider based on Oahu, and (ii) Mr. Elektro AS (“Mr. Elektro”), a Norwegian solar and electrical contractor for a combined purchase price of approximately USD 4.6 million. These acquisitions, if completed, will extend Otovo's behind-the-meter service platform into Hawaii for the first time and add licensed, in-house installation and service capacity in Norway with immediate reach into Sweden. Otovo will bring its Endurance® AI platform to PV Hawaii and Mr. Elektro’s local field crews and customer relationships, enabling faster service and real-time visibility. Highlights • PV Hawaii and Mr. Elektro are expected to add combined revenue and EBIT of USD 7 million and USD 1.7 million in 2027, respectively • Adds 17th U.S. state and expands reach in Europe • PV Hawaii brings a licensed, OSHA-trained field crew and a referral-built customer base across Oahu, where Otovo has not previously operated • Mr. Elektro brings a 12-year-old, owner-led electrical business focused on solar and EV chargers with full contractor authorizations in Norway and Sweden • Integration of Endurance® into operations is expected to enable synergies through automated intake, dispatch, scheduling and supply-chain while providing customers faster service • Both transactions are among the three additional M&A transactions, in addition to Green Panel announced earlier this week, already reflected in Otovo’s Q4 2026 annualized run-rate guidance of USD 105-115 million revenue and USD 15-20 million adjusted EBITDA, upgraded in the Q2 2026 report • PV Hawaii and Mr. Elektro are Otovo’s 9th and 10th announced transactions since December 2025, integrated onto Endurance® by a six-person core team in approximately three weeks The LOIs are subject to satisfactory completion of due diligence, necessary corporate resolutions, and the parties entering into definitive agreements, in addition to customary closing conditions. “PV Hawaii and Mr. Elektro bring licensed, experienced local teams that strengthen how we serve customers, and they extend our platform into Hawaii for the first time while deepening our reach across Norway and Sweden,” said William (John) Berger, Chief Executive Officer of Otovo. “These acquisitions come with strong leaders that we can integrate into the management team. Leveraging our powerful Endurance® AI platform, we are continuing our successful plug-and-play acquisition strategy that has helped us create the world’s leading provider of behind-the-meter energy services for homes and businesses.” PV Hawaii, founded in 2016 and based in Ewa Beach, Oahu, provides solar repair, warranty and inspection services and panel cleaning for residential and commercial customers, and is certified across ten major equipment brands. Mr. Elektro, founded in 2014 and headquartered in Kløfta, Norway, provides solar installation, after-sales service, EV charging and battery storage installation across southern Norway, with full electrical contractor authorizations that allow it to also serve customers in Sweden. Otovo’s growing global footprint spans 15 European markets and 17 U.S. states. The enlarged platform comprises profitable field services, logistics warehouses in every market served, AI-driven customer inventory management, and round-the-clock command-center, dispatch and technician capabilities. Transaction Details Mr. Elektro transaction expected to comprise of (a) NOK 30 million (subject to a customary net cash/working capital/debt adjustment), payable as (i) NOK 12 million in cash at closing (the Initial Consideration, plus or minus the adjustment), (ii) NOK 8 million in Otovo consideration shares issued at the 30-day VWAP (the Equity Consideration) as per the signing date, and (iii) up to NOK 10 million in earnout which will be settled in Otovo shares. PV Hawaii transaction expected to comprise of (a) USD 0.75 million subject to a customary net cash/working capital/debt adjustment, and (b) a three year earn-out up to USD 0.81 million based upon net income targets, which will be settled in a 50/50 split of cash and Otovo shares. About Otovo Otovo is an AI-Native behind-the-meter energy services company serving homes and businesses across 15 European markets, Israel and the United States. Otovo combines equipment monitoring, rapid repairs, dependable power supply and grid participation in one service. Endurance®, Otovo’s AI platform, monitors installed equipment, optimizes service from problem detection to resolution and coordinates repairs around the clock. “Your Power, Backed by Ours™.” Otovo is listed on Euronext Oslo Børs under the ticker OTOVO. Visit us at otovo.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include, but are not limited to, statements regarding the company’s expectations, plans, objectives, strategy, future operations, business performance, financial condition, prospects, growth opportunities, market position, anticipated benefits of transactions or initiatives, and other statements that are not historical facts. Forward-looking statements may be identified by words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would,” and similar expressions. These forward-looking statements are based on current expectations, assumptions, estimates, and projections and are subject to risks, uncertainties, and other factors, many of which are beyond the company’s control, that could cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among others, market conditions, regulatory developments, competitive pressures, customer demand, supply chain constraints, macroeconomic conditions, execution risks, and other risks described in the Company’s public filings or other disclosures, if applicable. The company undertakes no obligation to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events, or otherwise, except as required by applicable law. Readers should not place undue reliance on forward-looking statements, which speak only as of the date of this press release. DISCLOSURE REQUIREMENT: This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements in section 5-12 of the Norwegian Securities Trading Act. The stock exchange announcement was published by Eleanor Gilbane, general counsel, at the time and date stated above in this announcement. # # # Contacts Matt Dallas 917-363-1333 [email protected]
• Aug 24, 2026 ADDITIONAL REGULATED INFORMATION REQUIRED TO BE DISCLOSED UNDER THE LAWS OF A MEMBER STATE

  Otovo Enters Agreements for $11 Million Green Panel Acquisition, Expanding its Behind-the-Meter Energy Services Business

  Company’s 8th and largest acquisition to date is expected to extend its AI-powered energy service platform to 15 European markets and unlock a major new OEM partnership Oslo, Norway, August 24, 2026 – Otovo ASA (Euronext Oslo Børs: OTOVO; “Otovo”), a leading provider of behind-the-meter energy services for homes and businesses, today announced definitive agreements for its $11 million acquisition of Green Panel Solar Energy Systems Ltd. (“Green Panel”), which will be the company’s eighth and largest acquisition to date. The combination creates operations spanning 15 European markets, giving Otovo what it believes is the largest dedicated behind-the-meter service footprint in Europe by country coverage. The enlarged platform brings together profitable field services, logistics warehouses in every market served, AI-driven customer inventory management, and round-the-clock command-center, dispatch and technician capabilities. Highlights • Green Panel is expected to add $12.8 million in 2026 revenue and $2.9 million in adjusted EBIT, which if realized will create an immediately profitable addition to Otovo’s platform • Combined operations span 15 European markets, giving Otovo what it believes is Europe’s largest dedicated behind-the-meter energy service footprint by country coverage • Endurance™ now manages field operations, warehouses and customer inventory across the enlarged network, giving Otovo real-time control and visibility, and customers faster, more reliable service “Green Panel changes the scale of what Otovo can do in Europe, and we are thrilled to welcome David Touti and the Green Panel team,” said William (John) Berger, Chief Executive Officer of Otovo. “This is a profitable business with proven field execution that fits directly into our platform. Together, we have the reach, the people and the technology to serve homes, businesses and major equipment partners across the continent. This is our eighth acquisition, our largest to date, and a defining step in building the leading behind-the-meter energy services company in Europe.” “The scale and reach of this combination will let us win substantially more business with large customers across Europe,” said David Touti. “I’m excited to lead Otovo’s European operations and to deliver the best service to customers across the continent.” Green Panel provides field service, replacement, maintenance and logistics for residential and commercial solar, battery, EV-charging and load-management systems. Headquartered in Tel Aviv, Israel, it operates Israel’s largest solar power command-and-control center and brings a profitable business with established operations in Hungary. The deal expands Otovo’s footprint to 15 European markets, with Israel serving as a launchpad for growth across the broader EMEA region. The strategic fit is especially strong in Europe: the combination brings together a multi-country customer platform, logistics warehouses and Endurance™ with Green Panel’s certified field execution, command-center operations and dispatch. Endurance™ supports advanced inventory control and visibility, enabling faster service across the combined European network. Transaction Details The Transaction consists of two SPA's comprising (i) the acquisition of Adma Holdings Ltd. (the "Adma Transaction"), a holding company holding approximately 51% of the issued shares of Green Panel, and (ii) the acquisition of the remaining part of Green Panel (the "Green Panel Transaction"). Both agreements are signed today, and closing remains subject to certain conditions precedent with a long stop date of 15 October 2026 and 15 March 2027 for the Adma Transaction and the Green Panel Transaction respectively. The Green Panel Transaction is subject to the completion of the Adma Transaction, but in the event that the Green Panel Transaction does not close, the Adma Transaction will remain final and binding. The total purchase price of USD 11 million is subject to customary adjustments for, inter alia, working capital and net debt pursuant to the share purchase agreements, and will be settled through a combination of cash and new shares in Otovo. It is expected that Otovo, as a result of the transactions will issue shares as consideration to the sellers in Green Panel (the "Consideration Shares") for a total amount of approximately USD 6,000,000. Completion of both transactions remains subject to certain conditions, including satisfactory completion of a financial review, and may in certain circumstances not be completed at all. The Consideration Shares will, subject to closing, be issued at a subscription price of NOK 11.4596 which represents the 30 day' VWAP of the Company's shares per 20 August 2026. The Consideration Shares will from the time of issuance be subject to a 12 month' lock-up period. About Otovo Otovo is an AI-Native behind-the-meter energy services company serving homes and businesses across 15 European markets, Israel and the United States. Otovo combines equipment monitoring, rapid repairs, dependable power supply and grid participation in one service. Endurance™, Otovo’s AI platform, monitors installed equipment, optimizes service from problem detection to resolution and coordinates repairs around the clock. “Your Power, Backed by Ours.”™ Otovo is listed on Euronext Oslo Børs under the ticker OTOVO. Visit us at otovo.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include, but are not limited to, statements regarding the company’s expectations, plans, objectives, strategy, future operations, business performance, financial condition, prospects, growth opportunities, market position, anticipated benefits of transactions or initiatives, and other statements that are not historical facts. Forward-looking statements may be identified by words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would,” and similar expressions. These forward-looking statements are based on current expectations, assumptions, estimates, and projections and are subject to risks, uncertainties, and other factors, many of which are beyond the company’s control, that could cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among others, market conditions, regulatory developments, competitive pressures, customer demand, supply chain constraints, macroeconomic conditions, execution risks, and other risks described in the Company’s public filings or other disclosures, if applicable. The company undertakes no obligation to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events, or otherwise, except as required by applicable law. Readers should not place undue reliance on forward-looking statements, which speak only as of the date of this press release. # # # Contacts Matt Dallas 917-363-1333 [email protected] DISCLOSURE REQUIREMENT: This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements in section 5-12 of the Norwegian Securities Trading Act. The stock exchange announcement was published by Eleanor Gilbane, general counsel, at the time and date stated above in this announcement.
• Aug 13, 2026 INSIDE INFORMATION

  OTOVO ASA – Q2 2026 RESULTS: RAISING 2026 GUIDANCE

  Oslo, 13 August 2026 Otovo ASA (Oslo Børs: OTOVO) today reported Q2 2026 revenue of USD 10.0 million and raised its guidance to USD 105–115 million in revenue and USD 15–20 million in Adjusted EBITDA, both on a Q4 26 run-rate basis. CEO comment "Q2 was a quarter where the model kept proving itself out. We grew our customer base to approximately 55,000, up over 80% from the first quarter, and our Endurance® platform stayed on track for full roll-out in the third quarter, which has already identified more than USD 5 million in annualized cost avoidance, up from the USD 4 million we flagged last quarter. Just as important, we're breaking the traditional link between field growth and office growth: Endurance® lets us scale technicians in the field without scaling the office behind them, and that operating leverage is what's driving our earnings capability higher each quarter. We expect further cost reductions throughout the second half, and we exited the quarter with a higher revenue run-rate and a leaner cost base than we entered it, a trajectory that continues through Q3 and into Q4. "Most importantly, that operating leverage and progress across the business gives us the confidence to meaningfully raise our outlook. We now expect a Q4 26 annualized run-rate revenue of USD 105 to 115 million and Adjusted EBITDA of USD 15 to 20 million, up from our prior guidance of USD 80 to 90 million and USD 2.5 to 7.5 million, with our year-end customer target raised to approximately 90,000 from 60,000. This reflects more B2B business potential, additional cost savings identified from Endurance®, and our accretive M&A pipeline, including the announced Green Panel transaction and three additional near-term transactions where we expect to sign LOIs in the coming weeks. Otovo 2.0 is scaling faster than we expected, and we're just getting started." Financial highlights: • USD 10.0m revenue, up 8% q/q, driven by strong growth in Field Services revenue and the first full quarter of EnergyAid consolidation, partly offset by lower Newbuild revenue amid the continued wind-down of the Legacy business • USD 2.3m adjusted group gross profit, up 28% q/q, driven by an improved revenue mix with more Field Services • USD 6.8m adjusted OpEx, down 9% q/q, with lower CAC and cost reductions offsetting the consolidation of EnergyAid • Adjusted EBITDA of USD -4.5m, improving USD 1.1m q/q and USD 1.5m y/y Business highlights: • ~55,000 customers as of 31 July 2026, up over 80% from Q1 26 and over 200% year-to-date • Endurance® roll-out on track for full completion in Q3 26, with more than USD 5m in identified annualized cost avoidance to date (pre Green Panel), up from USD 4m as of Q1 26 • SST acquisition closed (~USD 14m revenue) for a maximum consideration of USD 2.1m • Green Panel acquisition LOI announced (~USD 13m revenue, ~USD 3m EBIT) for USD 11m Outlook and guidance: • Exiting Q2 at a higher revenue run-rate and a lower OpEx run-rate than we entered it – same trajectory continuing through Q3 and into Q4 • Technician headcount expected to more than triple by year-end 2026 following the Green Panel close • SST to be consolidated from Q3 26; Green Panel close expected during Q3 26 • OpEx reductions from SaaS terminations, office closures and lower payroll costs towards YE26 • Q4 26 annualized run-rate revenue expected of USD 105-115m (prior guide: USD 80-90m) • Q4 26 annualized run-rate Adj. EBITDA expected of USD 15-20m (prior guide: USD 2.5-7.5m) • Year-end 2026 customers expected at ~90,000 (prior guide: ~60,000) • Updated guidance reflects more B2B business potential, additional cost savings identified from Endurance®, and all acquisitions closed to date plus the announced Green Panel transaction and three additional smaller M&A transactions expected to be announced in the coming weeks
• Aug 12, 2026 NON-REGULATORY PRESS RELEASES

  Invitation to Q2/H1 2026 presentation 13 August

  At 07:00 CET on 13 August 2026, Otovo will publish its H1 & Q2 2026 earnings report. CEO William J. (John) Berger and CFO Jennifer Santoscoy will give a presentation via webcast at 7:30 CET on August 13. The webcast can be viewed through the following link: https://investor.otovo.com/earnings-call For further information or questions please contact Investor Relations via e-mail to [email protected].
• Aug 05, 2026 NON-REGULATORY PRESS RELEASES

  Presentation Materials for Endurance AI Walkthrough

  Reference is made to the announcement dated 22-07-26 that Otovo ASA (“Otovo” or the “Company”) will host two investor calls on 05-08-26 featuring a live walkthrough of the Company’s proprietary Endurance® AI platform. Attached are materials which will be shown during the call.
• Jul 24, 2026 NON-REGULATORY PRESS RELEASES

  Presentation Materials for Endurance AI Walkthrough

  Reference is made to the announcement dated 22-07-26 that Otovo ASA (“Otovo” or the “Company”) will host two investor calls on 24-07-26 featuring a live walkthrough of the Company’s proprietary Endurance® AI platform. Attached are materials which will be shown during the call.
• Jul 22, 2026 NON-REGULATORY PRESS RELEASES

  Otovo to host investor calls with live walkthrough of Endurance® AI platform

  Otovo ASA (“Otovo” or the “Company”) will host two investor calls featuring a live walkthrough of the Company’s proprietary Endurance® AI platform, which is replacing fragmented third-party software, while also increasing scale, customer value and synergies from acquisitions. The calls are arranged in connection with ROTH Capital Partners and Arctic Securities, respectively, and are open to institutional and other investors as further detailed below. During the calls, management will demonstrate Endurance® live and discuss how the platform is: • replacing a fragmented stack of third-party SaaS tools with a single, proprietary platform, yielding approximately $5 million of annualized cost impact identified to date; • allowing revenue and customer volume to grow faster than overhead; • supporting a repeatable and less risky M&A strategy, with a six-person core technology team able to integrate newly acquired companies onto a common technology platform in approximately three weeks while extracting more synergies. Details of the investor calls Call 1 – ROTH Capital Partners (US investors) Date: Friday, 24 July 2026 Time: 17:00 CEST / 11:00 a.m. EST Participation (registration): https://roth.zoom.us/webinar/register/8016333555010/WN_-oWCznaFTliOl1DeczG6jg Call 2 – Arctic Securities Date: Wednesday, 5 August 2026 Time: 14:00 CEST / 8:00 a.m. EST Participation (live webcast): https://teams.microsoft.com/meet/320423290132452?p=3aoZMfonxdrsOYQ6k4 Attending from Otovo • William J. “John” Berger, Chief Executive Officer • Jack Berger, Head of AI and Software For further information, please contact [email protected].
• Jul 17, 2026 MAJOR SHAREHOLDINGS NOTIFICATION

  Otovo ASA: Disclosure of large shareholding - redelivery of shares in the Private Placement

  Reference is made to the announcement by Otovo ASA (the "Company" or "Otovo") on 3 July 2026 regarding a successful private placement and on 16 July 2026 regarding the registration of the new share capital. Reference is furthermore made to the disclosure of large shareholding by Å Energi Invest AS published on ticker "OTOVO" on 3 July 2026. The 5,852,652 shares in Otovo that were lent pursuant to the share lending agreement have today been redelivered. Following the redelivery of the shares, Å Energi Invest AS holds 10,233,258 shares in Otovo, equal to 12.85% of the total shares and votes in Otovo. Disclosure regulation This disclosure is made pursuant to Sections 4-2 and 5-12 of the Norwegian Securities Trading Act.
• Jul 16, 2026 TOTAL NUMBER OF VOTING RIGHTS AND CAPITAL

  Otovo ASA: New share capital registered

  Reference is made to the stock exchange announcement by Otovo ASA (the "Company") on 3 July 2026 regarding the successful private placement of 5 852 652 new shares in the Company (the "Offer Shares") at a subscription price of NOK 11.50 (the "Private Placement"). The share capital increase pertaining to the Private Placement has today been registered with the Norwegian Register of Business Enterprises. Following the registration, the share capital of the Company is NOK 7,964,845.60, divided on 79,648,456 shares, each with a nominal value of NOK 0.10. The newly issued shares have been delivered on a separate, unlisted ISIN pending publication of a listing prospectus. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
• Jul 02, 2026 MANAGERS’ TRANSACTION

  Otovo ASA: Mandatory Notification of Trade and Disclosure of Shareholding

  Reference is made to the announcement by Otovo ASA (the "Company" or "Otovo") on 2 July 2026 regarding a contemplated private placement to raise gross proceeds of the NOK equivalent of between USD 6 to 10 million (the "Private Placement") by issuance of new shares in the Company and a retail offering to raise gross proceeds of up to the NOK equivalent of EUR 1 million (the "Retail Offering", and together with the Private Placement, the “Offering”) by issuance of new shares in the Company, and to the offer from an existing shareholder of the Company to sell up to 453,908 existing shares in the Company. The delivery versus payment (DVP) settlement in the Offering is facilitated by share lending agreements between Arctic Securities AS, acting as manager in the Private Placement (the "Manager"), the Company and Å Energi Invest AS, Jackson Leigh Ventures, LLC, a closely associated company to the Company's CEO, William (John) Berger, and EIC Rose Rock Ventures I, LP, a closely associated company to board member George Coyle (the "Share Lending Agreements"). Mandatory notification of trades: Please see the attached PDMR forms related to the allocation of shares to persons discharging managerial responsibilities ("PDMRs") in connection with the Private Placement. The following PDMRs have subscribed for and been allocated new shares in the Private Placement at the subscription price of NOK 11.50 per share: • Lars Erik Torjussen, Chair of the Board of Directors, has been allocated 16,783 shares; • George Coyle, member of the Board of Directors, has been allocated 11,642 shares. Disclosure of shareholding Prior to the Offering on 2 July 2026, Å Energi Invest AS held 10,233,258 shares in the Company, representing 13.87% of the total shares and votes in the Company. Following the board of directors' resolution to issue 5,852,652 new shares in the Offering, Å Energi Invest AS' proportionate shareholding has been diluted to 12.85% of the total shares and votes in the Company. Pursuant to the Share Lending Agreement and in order to facilitate DVP settlement in the Offering, Å Energi Invest AS will temporarily hold 4,380,606 shares, representing 5.94% of the total shares and votes in the Company, thereby falling below the 10% threshold set out in Section 4-2 of the Norwegian Securities Trading Act. This temporary reduction in shareholding will be reversed upon re-delivery of the borrowed shares to Å Energi Invest AS in settlement of the Share Lending Agreement, as described above. Disclosure regulation This disclosure is made pursuant to Article 19 of the EU Market Abuse Regulation (mandatory notification of trades by persons discharging managerial responsibilities and persons closely associated with them) and Sections 4-2 and 5-12 of the Norwegian Securities Trading Act.
• Jul 02, 2026 INSIDE INFORMATION

  Otovo ASA: Private placement, retail offering and secondary sale successfully placed

  NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. Reference is made to the announcement by Otovo ASA (the "Company" or "Otovo") on 2 July 2026 regarding a contemplated private placement to raise gross proceeds of the NOK equivalent of between USD 6 to 10 million (the "Private Placement") by issuance of new shares in the Company (the "Private Placement Shares") and a retail offering to raise gross proceeds of up to the NOK equivalent of EUR 1 million (the "Retail Offering", and together with the Private Placement, the “Offering”) by issuance of new shares in the Company (the “Retail Offering Shares”, and together with the Private Placement Shares, the "New Shares"), and to the offer from an existing shareholder of the Company (the “Selling Shareholder”) to sell up to 453,908 existing shares in the Company (the “Sale Shares”, and together with the New Shares, the “Offer Shares”) (the “Secondary Sale”). Otovo is pleased to announce that the Private Placement, the Retail Offering and the Secondary Sale have been successfully placed. The Company has allocated a total of 5,046,092 New Shares in the Private Placement and 806,560 New Shares in the Retail Offering, in each case at a subscription price of NOK 11.50 per share (the “Offer Price”), raising aggregate gross proceeds to the Company of approx. NOK 67 million. In addition, the Selling Shareholder has in connection with the Offering resolved on the sale and allocation of a total of 453,908 Sale Shares at the Offer Price, for a total amount of approx. NOK 5.2 million. Taken together, 6,306,560 Offer Shares have been placed at the Offer Price, representing a total transaction size of approx. NOK 72.5 million. The net proceeds from the Offering will primarily be used to fund the contemplated acquisition of Green Panel Energy Systems Ltd (the "Green Panel Transaction") and for general corporate purposes. In the event that the Green Panel Transaction is not completed, for any reason, following completion of the Offering, the net proceeds from the Offering allocated for this transaction may be applied towards general corporate purposes. The following primary insiders and close associates have subscribed for and been allocated Offer Shares at the Offer Price: • Lars Erik Torjussen, chair of the board, has been allocated 16,783 Offer Shares • George Coyle, board member, has been allocated 11,642 Offer Shares. Further details regarding the allocation of Offer Shares to primary insiders and close associates will be released in a separate announcement. The New Shares and the Sale Shares have been allocated by the Company's board of directors (the "Board") and the Selling Shareholder, respectively. The New Shares have been resolved issued by the Board pursuant to the authorization granted by the annual general meeting on 15 May 2026 (the "Board Authorization"). Listing of the New Shares on Euronext Oslo Børs requires a listing prospectus (the "Prospectus") as approved by the Financial Supervisory Authority of Norway and published by the Company. The New Shares will be issued on a separate, unlisted ISIN and will be redelivered to the relevant Share Lenders (as defined below) pursuant to the Share Lending Agreements (as defined below). The New Shares will only become tradeable on Euronext Oslo Børs once the Prospectus has been approved and published, which is expected during Q3 2026. Investors allocated New Shares in the Offering will, however, receive existing and unencumbered shares in the Company that are already listed on Euronext Oslo Børs pursuant to the Share Lending Agreements (as further described below). Settlement is expected to take place on or about 7 July 2026. The Offering is expected to be settled on a delivery-versus-payment (“DVP”) basis by delivery of existing and unencumbered shares in the Company that are already listed on Euronext Oslo Børs, pursuant to one or more of the share lending agreements (the "Share Lending Agreements") between the Company, the Manager, and Å Energi Invest AS ("Å Energi"), Jackson Leigh Ventures LLC, a closely associated company to the Company's CEO, William (John) Berger, holding its shares through Citibank N.A as nominee ("JLV"), and EIC Rose Rock Ventures I LP ("EIC"), a closely associated company to board member George Coyle (JLV, Å Energi and EIC are collectively referred to as the “Share Lenders”). Investors allocated New Shares in the Offering will thus receive tradable shares upon delivery. The Sale Shares are existing and unencumbered shares in the Company that are already listed on Euronext Oslo Børs. The Secondary Sale is expected to be settled on a DVP basis on or about 7 July 2026. As such, the investors allocated Sale Shares will receive tradable shares upon delivery. The share capital increase pertaining to the Offering is expected to be registered with the Norwegian Register of Business Enterprises on or about 14 July 2026. The New Shares issued by the Board will be used to settle the Manager's redelivery obligation under the Share Lending Agreements. Upon registration of the share capital increase pertaining to the issuance of the New Shares, the Company will have a share capital of NOK 7,964,845.60 divided on 79,648,456 shares, each with a nominal value of NOK 0.10. Completion of the Offering is subject to the Share Lending Agreements being in full force and effect. The Private Placement and the Retail Offering represents a deviation from the pre-emptive rights of the existing shareholders of the Company under the Norwegian Public Limited Companies Act. When resolving the issuance and allocation of shares in the Offering, the Board considered this deviation and the equal treatment obligations under the Norwegian Public Limited Companies Act. The Board is of the opinion that there are sufficient grounds to deviate from the pre-emptive rights and that the Offering is in compliance with the equal treatment requirements. By structuring the transaction as a private placement and through the Retail Offering, the Company was able to raise capital in an efficient manner, with a lower discount to the current trading price and with significantly lower completion risks compared to a rights issue. On the above basis, the Board has concluded to not carry out a subsequent offering. Lastly, it has been emphasized that the Retail Offering has provided an opportunity for existing shareholders who were not able to participate in the Private Placement to participate in the equity injection, thereby promoting broader shareholder participation. *** DISCLOSURE REQUIREMENT This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements in section 5-12 of the Norwegian Securities Trading Act. The stock exchange announcement was published by Eleanor Gilbane, general counsel, at the time and date stated above in this announcement. *** ADVISORS Arctic Securities AS acts as Manager and Roth Capital Partners, LLC acts as financial advisor for the Private Placement. Advokatfirmaet Schjødt AS acts as legal advisors to the Company. *** CONTACT INFORMATION For further information, please contact: William J. (John) Berger, Chief Executive Officer Email: [email protected] *** ABOUT OTOVO Otovo is an AI-Native home and business 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/. *** IMPORTANT INFORMATION This announcement is not and does not form a part of any offer to sell, or a solicitation of an offer to purchase, any securities of the Company. Copies of this announcement are not being made and may not be distributed or sent into any jurisdiction in which such distribution would be unlawful or would require registration or other measures. The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and accordingly may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any part of the offering in the United States or to conduct a public offering of securities in the United States. Any sale in the United States of the securities mentioned in this announcement will be made solely to "qualified institutional buyers" as defined in Rule 144A under the U.S. Securities Act. In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the EU Prospectus Regulation, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State. The expression "EU Prospectus Regulation" means Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 as amended (together with any applicable implementing measures in any Member State). In the United Kingdom, this communication is only addressed to and is only directed at persons who are “qualified investors” as defined in paragraph 15 of Schedule 1 to the Public Offers and Admission to Trading Regulations 2024, and who are: (i) persons having professional experience in matters relating to investments falling within the Article19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”): or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order; or (iii) such other persons to whom it otherwise lawfully be communicated (all such persons being “Relevant Persons”). Securities issued by the Company are only available to, and any invitation, offer or agreement to purchase securities will be engaged in only with, Relevant Persons. These materials are directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. In Israel, this communication is only addressed to and is only directed at "Qualified Investors" within the meaning of the First Schedule to the Israeli Securities Law, 5728-1968. The securities have not been and will not be offered, sold or distributed in Israel to any person or entity other than to "Qualified Investors". Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "strategy", "intends", "estimate", "will", "may", "continue", "should" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believe that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict, and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not make any guarantee that the assumptions underlying the forward-looking statements in this announcement are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this announcement or any obligation to update or revise the statements in this announcement to reflect subsequent events. You should not place undue reliance on the forward-looking statements in this announcement. The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm, or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement. Neither the Manager nor any of its affiliates makes any representation as to the accuracy or completeness of this announcement and none of them accepts any responsibility for the contents of this announcement or any matters referred to herein. This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities of the Company. Neither the Manager nor any of its affiliates accepts any liability arising from the use of this announcement. The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe
• Jul 02, 2026 ADDITIONAL REGULATED INFORMATION REQUIRED TO BE DISCLOSED UNDER THE LAWS OF A MEMBER STATE

  Otovo Completes Acquisition of SunSystem Technology for $1.3 Million, Bringing Service Platform to Approximately 30% of The United States

  SST is the seventh acquisition Otovo has closed since its December 2025 merger, part of a disciplined program to build national scale in distributed energy services HOUSTON, TX, July 2, 2026 – Otovo ASA (Euronext Oslo Børs: OTOVO) today announced the completion of its acquisition of SunSystem Technology, LLC ("SST"), a national provider of operations and maintenance (“O&M”) services for distributed generation assets. The closing follows the letter of intent announced in June 2026 and marks the seventh acquisition Otovo has completed since December 2025. With the close, SST's 14-state operating footprint is now fully part of Otovo's national platform, giving the company true coast-to-coast coverage across the United States. Highlights • The aggregate maximum earn-out is $1.3 million, comprised of a $200,000 cash closing payment, plus an additional earn-out based on net income from operations in the United States, payable through the end of 2028. • The earn-out consideration will be allocated between cash and shares, with the first $300,000 of aggregate earn-out payments being paid entirely in cash and the next $300,000 being paid as a seller credit convertible into shares. Any aggregate earn-out payment exceeding $600,000 will be paid 50% in cash and 50% as a seller credit convertible into shares. • SST's operations, technicians, and customer relationships transfer to Otovo’s umbrella effective immediately. • SST's field operations are now being onboarded onto the Endurance® AI platform, extending automated intake, dispatch, scheduling and supply chain coordination to a 14-state footprint. • Closing completes the seventh transaction in Otovo's post-merger acquisition program, reinforcing the company's track record of integrating acquired businesses quickly and profitably. "Closing SST is a milestone for Otovo, as it proves out the acquisition model we've been running since December," said William J. (John) Berger, CEO of Otovo. "Every deal we've closed has added scale, technology leverage and profitable revenue to the platform, and SST is no exception. We're now positioned to serve solar, storage, and EV charging customers nationwide, backed by Endurance® and a growing team that knows how to deliver reliable service at scale." "We're excited to officially join the Otovo team," said Matt Alestra, CEO of SunSystem Technology. "This closing lets us move quickly. Our customers will start seeing the benefits of Otovo's AI-driven platform right away, without any disruption to the high level of service they count on from SST." Otovo expects to continue its acquisition program in the coming quarters as it builds toward becoming the leading technology-enabled energy services company in the United States. About SunSystem Technology As a solar operations and maintenance (O&M) and asset management company, SunSystem Technology has deep experience in post-installation PV services ensuring optimal financial performance of solar assets. Over the past 10 years, SST has set the standard for the solar industry in servicing distributed generation, EV charging, and storage systems. Their innovative and agile approach has created clear market leadership with significant scale and robust national coverage for residential portfolios, commercial system owners, asset managers, and EV charging station networks. For more info visit sstsolar.com. About Otovo Otovo is a technology-enabled 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 otovo.com. # # # Contact Matt Dallas 917-363-1333 [email protected] DISCLOSURE REQUIREMENT: This information is subject to disclosure under the Norwegian Securities Trading Act, §5-12.
• Jul 02, 2026 INSIDE INFORMATION

  Otovo ASA: Contemplated private placement, retail offering and secondary sale

  NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. Oslo, 2 July 2026: Otovo ASA (the "Company" or "Otovo") hereby announces a contemplated private placement to raise gross proceeds of the NOK equivalent of between USD 6 and 10 million (the "Private Placement") by issuance of new shares in the Company (the "New Shares"). The Company has engaged Arctic Securities AS as sole manager and bookrunner in the Private Placement (the "Manager"). Roth Capital Partners, LLC has been appointed as the Company's financial advisor in connection with the Private Placement. In connection with the Private Placement, an existing shareholder of the Company (the “Selling Shareholder”) will offer up to 453,908 existing shares (the "Sale Shares") in the Company (the “Secondary Sale” and together with the Private Placement, the "Offering"). In addition to the Private Placement, the Company will conduct a separate offering directed at retail investors (the "Retail Offering", and the New Shares issued thereunder, the "Retail Offer Shares" and together with the New Shares and the Sale Shares, the "Offer Shares") to raise gross proceeds of up to the NOK equivalent of EUR 1 million, subject to applicable exemptions from prospectus requirements, to be facilitated through Nordnet Bank AB ("Nordnet") and made through its facilities. Application period for the Retail Offering commences at 16:30 (CEST) on 2 July 2026 and will run until 21:00 (CEST) on 2 July 2026 (the "Retail Application Period"). The net proceeds from the Private Placement will primarily be used to fund the contemplated acquisition of Green Panel Solar Energy Systems Ltd. ("Green Panel" and the "Green Panel Transaction") and general corporate purposes. In the event that the contemplated acquisition of Green Panel is not completed, for any reason, following completion of the Private Placement, the net proceeds from the Private Placement allocated for the Green Panel Transaction may be applied towards the other purposes, including general corporate purposes. An updated company presentation is available at the Company's website. A reference is also made to the press release dated 28 May 2026 where the Company announced an LOI to acquire SunSystem Technology, LLC (SST). Signing of definitive agreements and closing on the terms previously announced is expected to occur shortly, subject to satisfaction of conditions precedent. No guarantees can be made the closing will occur, and an update will be made to the market as and when available. TIMELINE AND DETAILED TERMS OF THE PRIVATE PLACEMENT The bookbuilding period for the Private Placement commences today, on 2 July 2026 at 16:30 hours (CEST) and will end on 3 July 2026 at 08:00 hours (CEST) (the "Bookbuilding Period"). The Company reserves the right, after consultation with the Manager, to at any time and in its sole discretion to close or extend the Bookbuilding Period or to cancel the Private Placement in its entirety for any reason and without notice. If the Bookbuilding Period is shortened or extended, the other dates referred to herein may be changed correspondingly. The offer price in the Offering is fixed at NOK 11.50 (the "Offer Price"). The final number of Offer Shares to be issued and Sale Shares to be sold will be determined by the Company’s Board and the Selling Shareholder, respectively, in consultation with the Manager (as defined below), on the basis of a bookbuilding process. The Selling Shareholder reserves the right, at its own discretion, to amend the number of shares sold, or to sell no shares at all in the Secondary Sale. If the demand in the Offering is satisfactory, the Selling Shareholder may sell its entire shareholding in the Company. The Offering will be directed towards Norwegian and international investors, subject to applicable exemptions from relevant registration, filing and prospectus requirements, and subject to other applicable selling restrictions. The minimum application amount has been set to the NOK equivalent of EUR 100,000. The Company may, however, at its sole discretion, allocate amounts below the NOK equivalent of EUR 100,000 to the extent of exemptions from the prospectus requirements in accordance with applicable regulations, including the EU Prospectus Regulation (Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017) and ancillary regulations, as implemented pursuant to the Norwegian Securities Trading Act, are available. The final number and allocation of Offer Shares to be issued will be determined by the Board in consultation with the Manager following the Bookbuilding Period. The New Shares (including the Retail Offer Shares) will be issued pursuant to the authorization to issue new shares (the "Board Authorization") granted by the annual general meeting of the Company held on 15 May 2026. Listing of the New Shares (including the Retail Offer Shares) on Euronext Oslo Børs will require a listing prospectus (the "Prospectus"), subject to approval by the Financial Supervisory Authority of Norway. The Prospectus is expected to be approved during Q3 2026. As such, the New Shares (including the Retail Offer Shares) will be issued on a separate, unlisted ISIN and will be redelivered to the Share Lenders (as defined below) pursuant to the Share Lending Agreements (as defined below). Settlement is expected to take place on or about 7 July 2026. The Private Placement is expected to be settled on a delivery-versus-payment (DVP) basis by delivery of existing and unencumbered shares in the Company that are already listed on Euronext Oslo Børs, pursuant to share lending agreements (the "Share Lending Agreements") between the Company, the Manager, and Å Energi Invest AS ("Å Energi"), Jackson Leigh Ventures LLC, a closely associated company to the Company's CEO, William (John) Berger, holding its shares through Citibank N.A as nominee ("JLV"), and EIC Rose Rock Ventures I LP ("EIC"), a closely associated company to board member George Coyle (JLV, Å Energi and EIC are collectively referred to as the “Share Lenders”). Investors allocated New Shares (including Retail Offer Shares) will thus receive tradable shares upon delivery. The Sale Shares are existing and unencumbered shares in the Company that are already listed on Euronext Oslo Børs. As such, the investors allocated Sale Shares will receive tradable shares upon delivery. The settlement date remains subject to any shortening or extension of the Bookbuilding Period and the satisfaction of the Conditions (as defined below). The share capital increase pertaining to the Private Placement is expected to be registered with the Norwegian Register of Business Enterprises on or about 14 July 2026. The new shares to be issued by the Board will be used to settle the Manager's redelivery obligation under the Share Lending Agreements. The allocation of Offer Shares will be carried out at the Board’s discretion, based on criteria such as (but not limited to) perceived investor quality, existing ownership in the Company, price leadership, timeliness of an application, early indication, relative order size, sector knowledge, investment history and investment horizon. The Board may, at its sole discretion, reject and/or reduce any applications. There is no guarantee that any applicant will be allocated Offer Shares. The completion of the Private Placement is subject to (i) a resolution by the Board to consummate the Private Placement and allocate the Offer Shares, (ii) a resolution by the Board to issue the New Shares (including the Retail Offer Shares) pursuant to the Board Authorization, and (iii) the Share Lending Agreements remaining unmodified and being in full force and effect pursuant to its terms and conditions (jointly the "Conditions"). Completion of the Secondary Sale is subject to the Selling Shareholder resolving to accept and approve the Secondary Sale. Up until notice of allocation, the Offering may be cancelled by the Company, in consultation with the Manager, in its sole discretion for any reason. Neither the Manager nor the Company will be liable for any losses if the Offering is cancelled, irrespective of the reason for such cancellation. Completion of the Offering is not conditional upon the completion of the Green Panel Transaction. RETAIL OFFERING THROUGH NORDNET To give retail investors the opportunity to participate on the same terms as institutional investors, the Company is conducting the Retail Offering in addition to the Private Placement, facilitated through Nordnet. The Retail Offering is open to the public in Norway and allows individual investors to subscribe for new shares at the Offer Price, up to a maximum of the NOK equivalent of EUR 1 million in aggregate, subject to applicable exemptions from prospectus requirements and other applicable filing and registration requirements. Applications in the Retail Offering can be made through Nordnet's website from commencement of the Retail Application Period and must be submitted before the end of the Retail Application Period. Further information regarding payment and delivery in respect of the Retail Offering is available at: www.nordnet.no/aksjer/ipo-emisjon (http://www.nordnet.no/aksjer/ipo-emisjon). Information regarding the Retail Offering will be available around 16:45 (CEST) on 2 July 2026. The Retail Offering will not be carried out if the Private Placement is not completed. The Private Placement is not conditional on the Retail Offering. Each applicant in the Retail Offering accepts the following by placing an application through Nordnet's platform: an investment in the Retail Offer Shares is made solely at the applicant's own risk and is based on the applicant's own assessment of the Company and the Retail Offer Shares. An investment in the Retail Offer Shares is only suitable for investors who can afford to lose the investment amount. No prospectus or other document providing a similar level of disclosure has been prepared in connection with the Retail Offering. Allocation of Retail Offer Shares in the Retail Offering will be determined by the Board at its sole discretion following the expiry of the Retail Application Period. The Retail Offering is limited to a maximum total amount of the NOK equivalent of EUR 1 million. Allocations will be reduced at the Board's discretion should demand exceed this limit. *** LOCK-UP The board members who are existing shareholders of the Company and Jackson Leigh Ventures, LLC, a wholly owned limited liability corporation of, and close associate to, the Company's CEO, William (John) Berger, have accepted a three-month lock-up period. The lock-up undertakings are subject to certain customary exemptions. *** POTENTIAL SUBSEQUENT OFFERING The Company may, subject to completion of the Private Placement and certain other conditions (including among others (i) approval by the Board and, if relevant, an extraordinary general meeting of the Company and (ii) approval and publication of a prospectus) propose to carry out a subsequent offering of shares in the Company (the “Subsequent Offering”) which will be directed towards existing shareholders in the Company as of 2 July 2026 (as registered in VPS two trading days thereafter), who (i) were not included in the pre-sounding phase of the Private Placement, (ii) were not allocated shares in the Private Placement, and (iii) are not resident in a jurisdiction where such offering would be unlawful or (for jurisdictions other than Norway) would require any prospectus, filing, registration or similar action. *** EQUAL TREATMENT CONSIDERATIONS The Private Placement represents a deviation from the shareholders' pre-emptive right to subscribe for and be allocated the New Shares (including the Retail Offer Shares). The Board has considered the structure of the equity raise in light of the equal treatment obligations under the Norwegian Public Limited Companies Act, and the Board is of the opinion that the transaction structure is in compliance with these requirements. The share issuance will be carried out as a private placement in order for the Company to complete the equity raise in a manner that is efficient and with a significantly lower risk and a significantly smaller discount to the current trading price compared to a rights issue. Further, the Subsequent Offering, if implemented, will secure that shareholders eligible to participate in the Subsequent Offering will receive the opportunity to subscribe for new shares at the same subscription price as the Offer Price in the Private Placement. On this basis, and based on an assessment of the current equity capital markets, the Board has considered the proposed transaction structure to be in the common interest of the Company and its shareholders. *** DISCLOSURE REQUIREMENT This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements in section 5-12 of the Norwegian Securities Trading Act. The stock exchange announcement was published by Eleanor Gilbane, general counsel, at the time and date stated above in this announcement. *** ADVISORS Arctic Securities AS acts as Manager and Roth Capital Partners, LLC acts as financial advisor for the Private Placement. Advokatfirmaet Schjødt AS acts as legal advisors to the Company. *** CONTACT INFORMATION For further information, please contact: William (John) Berger, Chief Executive Officer Email: [email protected] *** ABOUT OTOVO Otovo is an AI-Native home and business 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/. *** IMPORTANT INFORMATION This announcement is not and does not form a part of any offer to sell, or a solicitation of an offer to purchase, any securities of the Company. Copies of this announcement are not being made and may not be distributed or sent into any jurisdiction in which such distribution would be unlawful or would require registration or other measures. The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and accordingly may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any part of the offering in the United States or to conduct a public offering of securities in the United States. Any sale in the United States of the securities mentioned in this announcement will be made solely to "qualified institutional buyers" as defined in Rule 144A under the U.S. Securities Act. In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the EU Prospectus Regulation, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State. The expression "EU Prospectus Regulation" means Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 as amended (together with any applicable implementing measures in any Member State). In the United Kingdom, this communication is only addressed to and is only directed at persons who are “qualified investors”, as defined in paragraph 15 of Schedule 1 to the Public Offers and Admission to Trading Regulations 2024, and who are: (i) persons having professional experience in matters relating to investments falling within Article19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”): or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order; or (iii) such other persons to whom it otherwise lawfully be communicated (all such persons being “Relevant Persons”). Securities issued by the Company are only available to, and any invitation, offer or agreement to purchase securities will be engaged in only with, Relevant Persons. These materials are directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. In Israel, this communication is only addressed to and is only directed at "Qualified Investors" within the meaning of the First Schedule to the Israeli Securities Law, 5728-1968. The securities have not been and will not be offered, sold or distributed in Israel to any person or entity other than to "Qualified Investors". Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "strategy", "intends", "estimate", "will", "may", "continue", "should" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict, and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not make any guarantee that the assumptions underlying the forward-looking statements in this announcement are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this announcement or any obligation to update or revise the statements in this announcement to reflect subsequent events. You should not place undue reliance on the forward-looking statements in this announcement. The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm, or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement. Neither the Manager nor any of its affiliates makes any representation as to the accuracy or completeness of this announcement and none of them accepts any responsibility for the contents of this announcement or any matters referred to herein. This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities of the Company. Neither the Manager nor any of its affiliates accepts any liability arising from the use of this announcement. The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.