Techstep ASA - AGM Information 2021

Techstep ASA: Completed Annual General Meeting and grant of share options

The annual general meeting of Techstep ASA (the "Company") was held today on 22

April 2021. The general meeting approved all resolutions as proposed by the

Board of Directors of the Company. The minutes from the meeting is enclosed and

available on the Company's website.

The proposal from the nomination committee regarding election of board members

was approved and following the election, the Board of the Company consists of:

- Jens Rugseth, chairman

- Ingrid Elvira Leisner, board member

- Anders Brandt, board member

- Melissa Mulholland, board member

- Jan Haudemann-Andersen, deputy board member

The Annual General Meeting also approved the Board's policy for remuneration of

the executive

Management, including the 2021 Award, and the Board has on this basis resolved

to grant 4,593,307 share options pursuant to the 2021 Award. The following

primary insiders were granted share options:

- Jens Haviken (CEO) was granted 1,033,472 share options and following this

grant has a holding of a total of 2,050,943 share options following this grant,

as well as 123,364 shares.

- Marius Drefvelin (CFO) was granted 849,743 share options and has a holding of

a total of 1,633,730 share options following this grant, as well as 63,364

shares.

The share options will become exercisable (vest) with 1/3 yearly after the date

hereof and must be exercised within five years. The exercise price is NOK 5.8

per share.

For more information, please contact:

Marius Drefvelin, CFO of Techstep: +47 958 95 690

This information is such that Techstep ASA is required to disclose in accordance

with the EU Market Abuse Regulation and is subject to the disclosure

requirements pursuant to the Norwegian Securities Trading Act § 5-12. This stock

exchange release was published by Marius Drefvelin, CFO, on 22 April 2021 at

17:00.

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