Techstep ASA — Director's Dealing 2020

Jun 22, 2020

Grant of share options to management - primary insider notification

Grant of share options to management - primary insider notification

Reference is made to the resolution made by the annual general meeting of

Techstep ASA ("Techstep" or the "Company") on 22 June 2020 to authorize the

board of directors of the Company to grant share options to the Company's

management as part of a long-term share option scheme for the members of the

Company's management.

In accordance with this, the Company has today granted a total of 4,069,883

share options to members of the Company's management, also being primary

insiders, as follows:

· Jens Haviken, CEO: 1,017,471 share options. Following the grant, Jens

Haviken holds in total 1,017,471 share options and 100,000 shares in the

Company.

· Marius Drefvelin, CFO: 813,976 share options. Following the grant, Marius

Drefvelin holds in total 813,976 share options and 40,000 shares in the Company.

· Mads Vårdal, CIO: 559,609 share options. Following the grant, Mads Vårdal

holds in total 559,609 share options and 5,019 shares in the Company.

· Erik Haugen, CCO: 559,609 share options. Following the grant, Erik Haugen

holds in total 559,609 share options and 0 shares in the Company.

· Inge Paulsen, Managing Director Techstep Norway: 559,609 share options.

Following the grant, Inge Paulsen holds in total 559,609 share options and

150,000 shares in the Company.

· Bartek Regerqvist, Managing Director Techstep Sweden: 559,609 share options.

Following the grant, Bartek Regerqvist holds in total 559,609 share options and

0 shares in the Company.

The share options will become exercisable (vest) on 22 June 2021 and must be

exercised within 22 June 2024. The exercise price is NOK 3.00. The exercise

price will be adjusted for any dividends paid before exercise and similar. Each

option holder's aggregated gross profit from exercising the options shall be

limited to the amount equal to three years' gross base salary at the time of

exercising the options. The Company is entitled to settle the exercise of share

options in cash, and/or with new or existing treasury shares.

Following this, Techstep has 162,795,337 issued shares, and 5,469,883 issued

share options.

For more information, please contact:

Jens Haviken, CEO of Techstep: +47 930 90 070

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

About Techstep ASA

Techstep is positioning itself as a leading Nordic enabler of the digital

workplace. Techstep supplies hardware, software, connectivity and mobile device

management bundled as a managed service. This enables enterprises and their

employees to do their work across mobile devices and locations, with a high

degree of security and operational stability. Techstep has 212 employees based

in Norway and Sweden, serving close to 4,000 customers and 207,000 recurring

revenue end-users across various industries in the private and public sectors.

The company is listed on the Oslo Stock Exchange. For more information, see

www.techstepasa.no.

This information is subject to the disclosure requirements pursuant to Section 4

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