NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTOTHE UNITED STATES ,CANADA ,AUSTRALIA ORJAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL Reference is made to the previous announcements regardingOtovo AS' ("Otovo") all share offer for all the shares inEuropean Distributed Energy Assets Holding AS ("EDEA") (the "Offer"). The extraordinary general meeting ofOtovo AS was held today on3 December 2021 at 12:00 hours (CET) (the "EGM"). All proposals on the agenda were approved, including the issuance of consideration shares to the EDEA shareholders who have accepted the Offer. The minutes of the EGM are attached to this announcement. After having waived the 90 percentage acceptance requirement on24 November 2021 , all conditions for completion of the Offer have thus been met or waived by Otovo. Otovo hereby announces that the Offer will be completed and that settlement will take place in accordance with the procedure described in the Offer Document. Otovo will seek to have the share capital increase registered with theNorwegian Register ofBusiness Enterprises (the "NRBE") on or about8 December 2021 . However, it should be noted that the case handling period at the NRBE may vary. Final settlement by delivery of the consideration shares to the EDEA shareholders who accepted the Offer is expected shortly after the completion of the registration of the share capital increase with the NRBE. The consideration shares in the Offer will, when issued, be registered in book-entry form in the VPS and have ISIN NO0010809783. The consideration shares are expected to be listed and tradable on Euronext Growth Oslo under the ticker code "OTOVO" from on or about the time they are issued. *** About Otovo: For homeowners, Otovo is the easiest way to get solar panels on the roof. Otovo is a marketplace that organizes hundreds of local, high-quality, and qualified energy installers. The company uses its proprietary technology to analyze 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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