Techstep ASA — Director's Dealing 2017

Aug 16, 2017

Share option grant to corporate management team

Share option grant to corporate management team

As previously announced, Techstep ASA ("Company" or "Techstep") has

strengthened its corporate management team by appointing Erik Haugen

as the Company's Chief Commercial Officer (CCO) and Inge Paulsen as

the Company's Chief Operating Officer (COO). Erik Haugen will assume

its position as the Company's CCO as of 1 October 2017, while Inge

Paulsen has served as the Company's COO since May 2017.

Through Erik Haugen's and Inge Paulsen's positions as key employees

and members of the corporate management team of Techstep, the Board

of Directors in Techstep has today granted 1 million share options to

each of Erik Haugen and Inge Paulsen. The options vest in three

tranches with 1/3 per tranche, on the first, second and the third

anniversary after 1 March 2017 at a strike price of NOK 5.70, 6.50

and 7.00, respectively.

Neither Erik Haugen, Inge Paulsen nor their related persons own

currently any shares or rights to shares in Techstep prior to the

option grant. After the option grant, the total number of granted

share options in the Company is 8 million and the Company has issued

1,41,277,820 shares, of which the Company owns 1,914 treasury shares.

The option grant to Erik Haugen will become effective when he assumes

the possession as the Company's CCO.

This information is subject to the disclosure requirements pursuant

to sections 4-2 and 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Gaute Engbakk, CEO, Techstep ASA: +47 916 33 281

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

Techstep ASA

Techstep is positioning itself as a leading Nordic enabler of the

digital workplace. Techstep's unique "Mobile as a Service" (MaaS)

offering is a one-stop-shop solution, which combines hardware,

subscription & connectivity, mobile device management, managed

services and related software, in addition to financing. The MaaS

solution enables enterprises to let employees do their work across

mobile devices and locations, with a high degree of security and

operational stability. Techstep employs approximately 160 team

members based in Norway and Sweden, serving close to 5,000 customers

and 450,000 end users across various industries in the private and

public sector. The company had pro forma sales of approximately NOK

720 million in 2016 and is listed on Oslo stock exchange. For more

information, please visit www.techstep.no.