Techstep ASA - AGM Information 2017

Techstep: Completed extraordinary general meeting

Reference is made to the stock exchange announcement made by

Techstep ASA ("Techstep" or the "Company") on 3 February 2017

regarding notice of an extraordinary general meeting.

The extraordinary general meeting was held today, 28 February 2017.

The general meeting approved all resolutions as proposed by the

Board of Directors of Techstep, including issuance of

5,263,158 new shares ("New Shares") pursuant to the private

placement as announced on 2 February 2017. The minutes are attached

to this notice.

The payment date for the New Shares has been set to no later than 30

March 2017, and following issuance of such New Shares and

registration of the new share capital with the Norwegian Register of

Business Enterprises, the share capital of the Company will be NOK

139,201,429 divided into 139,201,429 shares, each with a par value

of NOK 1. A separate announcement will be made when the registration

of the share capital increase is completed.

The New Shares will not be admitted to trading on Oslo Stock

Exchange until the Financial Supervisory Authority of Norway has

approved, and Techstep has published, a prospectus which is expected

to take place in April. Pending such approval and publication, the

consideration shares will be issued in VPS with a separate and

interim ISIN. A separate announcement will be made when the shares

are transferred to the ordinary ISIN of the Company.

For more information, please contact:

Gaute Engbakk, CEO of Techstep: +47 91633281

Marius Drefvelin, CFO of Techstep: +47 95895690

This information is subject to the disclosure requirements pursuant

to Section 5-12 of the Norwegian Securities Trading Act.

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