Webstep

Transaction in Own Shares • Sep 26, 2024

Webstep ASA: Offer to buy back own shares

Webstep ASA: Offer to buy back own shares

Oslo, 26 September 2024: Based on the authorisation granted to the board of

directors by the annual general meeting of Webstep ASA (the "Company") held on

16 May 2024, the Company hereby launches an offer to buy back existing shares in

the Company for an amount up to NOK 25 million (the "Offer"). The purpose of the

Offer is to meet obligations arising from the Company's option programs as

communicated in the Company's second quarter reporting for 2024. The Company has

mandated SpareBank 1 Markets AS (the "Manager") to assist with the Offer.

The Offer will be conducted as a reverse bookbuilding process in which all

shareholders are invited to offer shares at a price level defined by the

respective selling shareholder by contacting the Manager (see contact details

below).

The final purchase price per share will be set based on the sales orders

received at a level representing a satisfactory price and offer volume (to be

determined by the Company at its sole discretion). The final purchase price will

be identical for all selling shareholders.

The reverse bookbuilding period commences today, 26 September 2024, at 09:00

hours (CEST) and is expected to close at 16:30 hours (CEST) on 3 October 2024.

Notification of allocation and pricing is expected to be made before 09:00 hours

(CEST) on 4 October 2024 (T), and settlement is expected to take place on or

about 8 October 2024 (T+2) through a delivery versus payment transaction (DVP).

The Company may, at its sole discretion, extend or shorten the reverse

bookbuilding period at any time and for any reason without or on short notice.

If the reverse bookbuilding period is extended or shortened, the other dates

referred to herein might be changed accordingly.

Existing shareholders in the Company wishing to participate in the Offer can

contact Joakim Hafsmo at the Manager at +47 24 14 74 68 or +47 992 24 346 in

order to place a sales order. Existing shareholders in the Company who would

like to participate in the Offer who are not registered as clients of the

Manager must establish a client relationship before participating.

In the event that the total volume offered by selling shareholders in the Offer

exceeds the final offer size at or below the final purchase price, the

allocation will, to the extent possible, be made on a pro rata basis based on

the volume offered by each selling shareholder, with the objective of treating

all shareholders equally based on their indicated interest in participating in

the Offer at the final purchase price. The selling shareholders will be bound to

sell up to the offered number of shares on the offered terms if and at such time

the offer is accepted by the Company, irrespective of whether the Company

decides to purchase a lower number of shares from a selling shareholder than

offered for sale by the respective shareholder.

The Company reserves the right to, at its own discretion, amend the offer size

or reject all received offers. The Company may further, at its sole discretion

terminate, amend or withdraw the Offer at any time until the time of completion

of the Offer.

Contact details for further information:

Nina Stemshaug, Interim CFO

Cell: +47 982 60 394

Email: ir@webstep.com

Website : www.webstep.com

This stock exchange announcement is published in accordance with section 5-12

the Norwegian Securities Trading Act.

Webstep ASA is a provider of consultancy services to the private and public

sector, with the IT expertise necessary to deliver the most demanding

digitalisation and IT services.

IMPORTANT NOTICE

The Offer will be carried out in accordance with applicable laws and regulations

and information pertaining to the Offer will be disclosed by way of stock

exchange notices.

The Offer and the distribution of this announcement and other information in

connection with the Offer may be restricted by law in certain jurisdictions

(including, but not limited to, the United States, Canada, Australia and Japan).

None of the Company or the Manger assume any responsibility in the event there

is a violation by any person of such restrictions. This includes shareholders

who have changed their domicile to such jurisdictions but which may access their

ES-OSL accounts. Persons into whose possession this announcement or relevant

information should come are required to inform themselves about and to observe

any such restrictions.