Webstep

Webstep ASA: Mandatory notification of trade by primary insiders and closely related persons

Oslo, 23 February 2022: Reference is made to the stock exchange announcement

published by Webstep ASA (the "Company") earlier today, on 23 February 2022,

regarding the resolution by the Company's board of directors to increase the

Company's share capital with NOK 77,902 by the issuance of 77,902 new shares,

each with a par value of NOK 1.00, in order to facilitate the delivery of new

shares to the option holders having exercised 77,902 options under the Company's

long-term incentive program.

The following primary insider of the Company have today, on 23 February 2022,

exercised options and subscribed for new shares in the Company in the exercise

window.

Jakob Cardell, Country Manager Sweden, has exercised 36,442 options. The primary

insider has subscribed 23,442 new shares in the Company at an exercise price of

NOK 19.90 per share and subscribed 13,000 new shares in the Company at an

exercise price of NOK 21.16 per share, in total NOK 741,576.

In addition has Embro Eiendom AS, a closely related party to the Company's board

members Trond K. Johannesen and Trygve C. Moe, lent out 72,902 shares in the

Company to DNB Markets, a part of DNB Bank ASA pursuant to a share lending

agreement entered into on 23 February 2022.

Reference is made to the attached notifications of trading for further details

of the transactions carried out by the primary insiders and their closely

associated persons.

Contact details for further information:

Truls Oftedal Ellingsen, Interim CFO

Cell: +47 928 03 031

Website: www.webstep.com

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. The Webstep Group employs approximately 470

employees in Norway and Sweden. The company offers its services to more than 250

customers annually and has been recognised for its work environment.

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