To enable exporting annotations to a text file, open this file on the Kobo device (which is located in KoboeReader/.kobo/Kobo):
Kobo eReader.conf
Find the heading:
[FeatureSettings]
And add or edit this line:
ExportHighlights=true
You'll then find an option to export annotations to a text file (which will be saved in the device's root directory) on the Annotations menu.
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