Techstep ASA — Board/Management Information 2014

Oct 2, 2014

Birdstep Appoints Acting Chief Financial Officer

Birdstep Appoints Acting Chief Financial Officer

Oslo October 2, 2014. Birdstep Technology is pleased

to announce the appointment of Hassan Tabrizi as its

acting Chief Financial Officer (CFO).

Mr. Tabrizi will be acting CFO, effective October

20th, reporting to the Chief Executive Officer (CEO)

during the period that the company's current CFO is

on maternity leave.

Mr. Tabrizi has 20 years of international experience

from various financial positions in companies like

Cathay Pacific Airways Ltd, Tele Office AB, Connecta

AB, Axfood AB, SmartTrust Group and Giesecke &

Devrient Group. As CFO for SmartTrust, a privately

owned company group with the Carlyle Group as

controlling shareholder, Mr. Tabrizi supported the

business to develop effective strategies for growth

while remaining cost competitive. With 430 million

SEK in revenue and 200 employees worldwide, the

company built a strong position in the market as

leading global supplier of systems for managing SIM

cards and mobile phones Over-the-Air. In June 2009,

the parent company was acquired by Giesecke &

Devrient GmbH in Munich where Mr. Tabrizi entered the

position as Head of Enterprise Development.

"I am pleased that Hassan is joining our team at this

important time in the development of our company and

its projects," said Lonnie Schilling, CEO of

Birdstep "I am confident that his background and

experience will ensure a rapid and solid changeover

and management of the financial processes while

Sophie Rabenius is on maternity leave."

Mr. Tabrizi has experience of working with privately

owned companies (Private Equity and/or Venture

Capital), as well as with publicly listed companies.

For more information please contact:

Lonnie Schilling

Chief Executive Officer

Phone: +46 8 627 91 40

Marie-Louise Nilsson-Kanon

VP Market Communications

Phone: +46 8 627 91 40