Otovo Prospectus

Reference is made to the stock exchange announcement published on 21 December 2023 regarding the approval and publication of the Prospectus for a Subsequent Offering.

The prospectus was approved by the Financial Supervisory Authority of Norway and will, subject to regulatory restrictions in certain jurisdictions, be available at www.dnb.no/emisjoner and www.paretosec.com/transactions.

The Subsequent Offering will comprise the issue of up to 17,400,000 new shares (the “Offer Shares”) in the Company at a subscription price of NOK 3.45 per share (the “Offer Price”), directed towards Eligible Shareholders, potentially raising total gross proceeds of approximately NOK 60 million. The Offer Price is equal to the subscription price in the Private Placement.

The subscription period in the Subsequent Offering is expected to commence on 2 January 2024 at 09:00 (CET).