Techstep ASA - Capital/Financing Update 2023

Techstep: New bank agreement and refinancing in place

With reference to the stock exchange agreement of 5 July 2023, Techstep has

today signed the agreement with the new bank relation for refinancing of the

company's term loans and credit facilities.

As earlier communicated, the refinancing package increase total available

liquidity with NOK 25 million and restructures the interest-bearing debt,

increasing long term debt by NOK 50 million with a 50/50 five-year amortisation

and five-year bullet, in addition to flexible short term credit facilities.

For further information, please contact:

Ellen Solum, CFO, +47 976 66 717

About Techstep

Techstep is a mobile technology company that enables organisations to perform

smartly, securely, and sustainably through combining software, mobile devices

and services to meet customers´ business and ESG goals. We are a leading

provider of managed mobility services in the Nordics serving more than 2,000

customers in Europe, with an annual revenue of NOK 1.3 billion in 2022. The

company is listed on the Oslo Stock Exchange under the ticker TECH. To learn

more about us, please visit www.techstep.io.

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