Techstep ASA — AGM Information 2023

Jan 25, 2023

Proposal from the Nomination Committee to the Extraordinary General Meeting of Techstep ASA to be held on 15 February 2023

The Nomination Committee in Techstep ASA (the "Company") currently consists of the following members:

• Kyrre Høidalen (Chair)
• Jonatan Raknes

Kyrre Høidalen was elected at the Company's Extraordinary General Meeting (EGM) on 22 September 2021, while Jonatan Raknes was re-elected at the Annual General Meeting (AGM) on 22 April 2021.

The Nomination Committee shall in accordance with the Articles of Association of the Company make recommendations for the candidates for members of the Board of Directors.

The current chairperson of Techstep ASA, Jens Rugseth, has asked to step down as chairman of the Board and continue as ordinary board member. After an evaluation, the Nomination Committee therefore proposes the following to the Extraordinary General Meeting:

Election of Michael Jacobs as new chairperson of the Board

The Nomination Committee proposes that Michael Jacobs replaces Jens Rugseth as member of the Board. The committee believes Mr. Jacobs experience and competence will be valuable for the continued transformation of Techstep.

Michael Jacobs is the Executive Vice President of the Nordics at Crayon ASA. He has more than 30 years' experience from extensive management positions from several international technology companies. He previously was the CEO of Fell Tech and before that he was the CEO of Atea Norway, where he improved its business performance and lead the transformation to more value-added services. He also served as the Managing Director of Microsoft Norway and the Managing Director for the Nordics at Dell. He has a degree from California Lutheran University and continuing education from, among others, Harvard University. Customer focused, technology innovation and building strong diverse teams are areas which Michael is passionate about. He is a Norwegian citizen, living in Oslo, Norway.

If the EGM chooses to adopt the proposed resolutions, the Company's Board of Directors will be composed as followed:

• Michael Jacobs, as chairman of the Board
• Harald Arnet, as deputy chairman of the Board
• Jens Rugseth as Board member
• Ingrid Leisner, as Board member
• Melissa Mulholland, as Board member
• Jan Haudemann-Andersen, deputy Board member