Techstep ASA

Investor Presentation • Feb 14, 2025

Q4 2024

February 14th 2025

Leading mobile & circular technology company

Welcome to our Q4 2024 presentation:

Morten Meier – Chief Executive Officer

Mr. Meier is a seasoned senior executive with more than 25 years of experience from the software and technology industry, including leadership, strategy, business development, sales, marketing, and operations. He has a proven track record of driving high performance teams and delivering profitable growth, and is passionate about driving transformation, innovation, growth and customer success. Prior to Techstep, he spent the ten past years with Microsoft Norway, where he served several positions at the leadership team, latest as Senior Director Marketing & Operations (COO) and Deputy General Manager. Previous experience includes four years of leadership positions at IBM in Norway and at a Nordic level, and almost ten years with Hewlett-Packard.

Ellen Solum – Chief Financial Officer

Mrs. Solum joined Techstep from the role as Partner in Uniconsult AS, and brings extensive experience from all finance functions, such as accounting, tax, controlling, treasury and investor relations and significant experience from change management, turn-around cased and IPO processes. She has worked in both private and publicly listed companies and has previously held positions such as CFO in TeleComputing ASA, Finance Director in Findus AS, as well as several years as management consultant and partner. Mrs. Solum holds a master's degree from University of Colorado Boulder, as well as an MBA from the Norwegian School of Economics (NHH).

Techstep at a glance

A European mobile & circular technology company,

enabling organisations to perform smartly, securely and more sustainably

• Combining software, devices and expertise
• Enabling office and frontline workers to optimise their work
• Empower Mobile and IT service providers with market leading mobile and circular technology solutions
• Leading provider of managed mobility services (MMS) in Europe

NOK 1.1 billion total revenue Q4 2024 LTM

+2,100 customers

~258 employees based in Norway, Sweden, Denmark and Poland

2.5+ million MMS devices

NOK 40 million EBITA adj. Q4 2024 LTM

220+ recurring revenue customers

40+ ecosystem partners

Challenger 2023 Gartner® MQ for Managed Mobility Services

Profitability improving for the quarter and full-year 2024

• Recurring revenue annualised increased by 6% y/y, driven by 11% growth in Own Software
• Net gross profit margin at 30%, in line with the same quarter last year
• Continued improvement in EBITA adj. , up 100% y/y in Q4
• Positive cashflow from operations of NOK 26m4)

Solid commercial momentum continues

• Growth across all three markets for hardware and software
• Softness in Advisory & Services within transactional consulting

Strategic agreements progressing according to plan

• Fully operational with partner devicenow and roll-out on budget
• First customer onboarded with partner ICE (Norwegian mobile operator)
• Signed LOI with new IT vendor partner covering the UK and Ireland with intention to integrate Techstep's Device Lifecycle Management (signed Q1 2025)

Recurring revenue

annualised1 NOK million

2 0.0 5.0 10.0 15.0

Net gross profit ²

NOK million

Q4 2022 Q4 2023 Q4 2024

Q4 2022 Q4 2023 Q4 2024

EBITA adjusted 3 NOK million

Q4 2022 Q4 2023 Q4 2024

1) Recurring revenues annualised includes revenues from own software, hardware-as-a-service and advisory and services. Reported annualised recurring revenues are based on contracts for 12 or more months and calculated as last months invoiced contractual revenues times 12 months. 2) Net gross profit is defined as Total revenue less Cost of goods sold and depreciation from Hardware-as-a-Service. Please note that the net gross profit for FY21 and FY22 have been re-stated, due to a reclassification of depreciation related to Hardware-as-a-Service 3) Adjusted earnings before interest, tax, amortisation and impairment (EBITA) is based on EBITA but adjusted for transactions of a non-recurring nature. Such non-recurring transactions include, but are not limited to restructuring costs, gains or losses related to sale of subsidiaries, acquisitionrelated costs and other non-recurring income and expenses

4) Cash flow from operations include payments for purchase of Device-as-a-service assets in the period

Highlights Q4 2024

Key figures - Profit and loss Q4 2024

(Amounts in NOK 1 000)	Q4 2024	Q4 2023	FY 2024	FY 2023	Q4 y/y
1) Total Revenues	312 525	299 860	1 072 556	1 089 491	4 %
Mobile Devices & other	228 641	221 185	748 410	776 341	3 %
Own Software	33 110	26 779	118 204	107 483	24 %
Advisory & Services	50 774	51 896	205 941	205 667	(2 %)
Net gross profit 1)	94 518	89 658	346 803	353 919	5 %
Net gross profit margin 2)	30 %	30 %	32 %	32 %	0 %
EBITA adjusted 3)	21 348	10 664	39 756	29 892	100 %
Net profit (loss) for the period	(4 461)	(5 298)	(38 078)	(44 546)	53 %
EBITA adj. Margin (%)	6,8 %	3,6 %	3,7 %	2,7 %	3 ppt
Employees	258	267	258	267	(3 %)

1) Net gross profit is defined as Total revenue less Cost of goods sold and depreciation from Device-as-a-Service

2) Net gross profit margin is net gross profit of revenues

3) EBITA adjusted excludes non-recurring items such as M&A and restructuring related costs of NOK 1.7 million in Q4 2024 and NOK 1.9 million in Q4 2023

4% growth in Q4 revenue y/y

• Growth in Device sales in all markets
• 24% growth in Own Software driven by continued positive trend in Polish and European market through partners
• Decline in Advisory & Services is driven by reduced Consulting activity and decline in operator commission

Net gross profit up 5% y/y

• Driven by 23% growth in own software
• Increased share of Device-as-a-service offset reduction in margin from transactional device sales

EBITA adj. of NOK 21.3 million in Q4, positive for the ninth consecutive quarter

• Continued cost reductions result in decline in operating costs with 7% y/y

Net loss of NOK 4.5 million consist of non-cash items such as amortisation

• Total amortization of NOK 19.4 million in Q4, whereof additional impairment of NOK 3.7 million in Q4

Market performance - Revenue and Net gross profit

• Revenue stable y/y, while total device sales, including Device as a service increased with 2%.
• Gross profit growth of 8% driven by Deviceas-a-service and own software

• 5% improvement in revenues driven by growth in Device sales
• Margin decline from 32% to 29% due to declining margins on device, with lower share of device-as-a-service

• 57% growth in revenues from upselling on existing partner relations as well as new agreements
• 66% improvement in gross profits

Net gross profit development by revenue stream

5% growth in Net gross profit y/y

• 6% growth in profit from Device sales
  • o Growing revenues from device-as-a-service, including end of lease gains
• Advisory & Services decline with 10% y/y, due to decline in transactional revenues from consulting and aftermarket services.
• Substantial 23% growth in Own Software y/y, driven by partner sales in Europe

1) Net gross profit is defined as Total revenue less Cost of goods sold and depreciation from Device-as-a-Service Please note that Advisory & Services includes 3rd party software.

Note: The net gross profit for Q3 2022 have been re-stated due to a reclassification of depreciation related to Device-as-a-Service

Transforming to recurring revenue streams

6% growth y/y in total recurring revenues in Q4 2024 driven by growth in Own Software

• 11% growth in Own Software y/y
• 5% growth in Advisory & services y/y
• 2% growth in Device-as-a-Service y/y

Refocused commercial strategy with focus on partner agreements is expected to drive growth in

Recurring revenue for DaaS includes contracts of 24 months or more, and 12 months or more for the Advisory & Services and Own Software segments. The figures are based on the recognised recurring revenue last reporting month, annualised. Please note that Advisory & Services includes 3rd party software.

* DaaS has been corrected due to error in the reported figures for Q2 2023. This has no effect on the financial figures.

Net gross profit & EBITA adj. development

EBITA adj. Net GP EBITA adj./net GP

Net gross profit, EBITA adj. and in % of net GP – LTM NOK million

• 50

50

150

250

350

450

Improved EBITA conversion from 8% to 11% LTM y/y

• EBITA adj of NOK 40 million in 2024, 33% growth y/y
• Continued cost optimisation efforts yielding results, with 7% decline in operating costs y/y in Q4, and 5% reduction in full year 2024 vs. 2023.

-10%

-5%

0%

5%

10%

15%

20%

Cash flow

(Amounts in NOK 1000)	Q4 2024	Q4 2023	FY 2024	FY 2023
EBITDA adj.	49 444	37 186	153 613	137 496
Change in working capital	29 761	44 039	177	33 225
Other items	(7 879)	(5 728)	(17 305)	(15 160)
Investments in DaaS, net of gains from returns*	(44 919)	(25 374)	(114 671)	(95 662)
Net cash flow from operations incl. DaaS*	26 407	50 123	21 813	59 898
Net cash used on investment activities, excl DaaS*	(9 467)	(8 457)	(28 152)	(32 852)
Net cash flow from financing activities	(1 936)	(33 029)	(40 288)	(12 730)
Net change in cash and cash equivalents	15 004	8 638	(46 627)	14 316
Cash and cash equivalents at beginning of period	15 663	67 832	77 459	61 119
Effects of exchange rate changes on cash and cash equivalents	109	989	(57)	2 024
Cash and cash equivalents at end of period	30 776	77 459	30 776	77 459

* In the Annual and quarterly financial statements, Investments in DaaS is included in cash flow used for investment activities according to IFRS. In this presentation, investments in DaaS is included as operating cash flow, since the cash flow represent cost related to revenues or cash inflows from DaaS in the Income statement, including working capital changes.

Operating cash flow of NOK 26.4 mill in Q4,

• Reduction in working capital change y/y with exceptionally positive working capital development in Q4 last year.

Increased capex investments in the quarter to NOK 9.5 mill

• Higher project costs for implementing partner agreements in Q4 2024

Net cash flow from financing NOK -1.9 million in Q4

• Capital increase of NOK 29 mill
• Repayment of short-term credit facilities, loans with interest, and lease commitments

Net cash position of NOK 31 million

• Available facilities for further liquidity

Balance sheet

(Amounts in NOK 1000)	FY 2024	FY 2023
Non-current assets	804 492	833 684
Assets related to DaaS	167 408	159 501
Total non-current assets	971 900	993 185
Current assets excl cash	176 119	200 155
Cash and cash equivalents	30 776	77 459
Total current assets	206 895	277 614
Total assets	1 178 795	1 270 799
Total Equity	578 289	573 697
Non-current interest-bearing borrowings	114 315	129 927
Other non-current liabilities	16 646	34 681
Total non-current liabilities	130 961	164 608
Current interest-bearing borrowings	25 000	48 750
Liabilities and deferred revenue related to DaaS*	189 246	186 547
Trade and other current liabilities	255 300	297 197
Total current liabilities	469 545	532 494
Total equity and liabilities	1 178 796	1 270 799
Equity ratio	49 %	45 %
Net interest-bearing debt	108 540	101 218
Net WC	(79 181)	(97 042)

• Equity ratio at 49%, up from 45% YE 2023
  • Including NOK 29 million in net proceeds from share issue through private placement in October
• Non-current assets include NOK 125 mill in Customer relations and technology,
  • whereof NOK 28 million is related to purchased assets, which will be full amortized in H1 2026.
• Total borrowings reduced with NOK 39 million y/y to NOK 139 million
• NIBD of NOK 109 million, up from 101 million at the end of 2023
• Device-as-a-Service liabilities of NOK 189 million, vs. assets of NOK 167 million
  • Liabilities consists of deferred revenues and buy-back obligations

* Liabilities related to DaaS includes Nok 39 million in long term liabilities

Business update and outlook

Our playing field Managed Mobility Services market

Managed Device Lifecycle Services (MDLS) refers to a service model that spans plan, procure, logistic, provisioning, configuration, management, asset control, disposal, recycling, service and support throughout a device lifecycle.

→It is all about ensuring that all devices are commercially, operationally and sustainably efficient.

Value proposition

1 2

5 4

3

6 We make mobile technology work for you

Techsteps ambition is to help companies scale and succeed with mobile ways of working in a secure, efficient and sustainable way.

Techstep capabilities

End-to-end solutions covering the whole device lifecycle

Our solutions streamline everything from procurement to device lifecycle management. This includes over-theair enrollment, logistics, sustainable recycling, and best practice device management and security.

1. Procure 2. Deploy

Choose how to procure your devices—via Device-as-a-Service (DaaS) or direct purchase - while leveraging a portal for seamless lifecycle management.

Simplify onboarding with zerotouch enrollment and direct delivery to users, whether at the office or home, minimizing IT involvement.

Streamline device returns with automated user-driven workflows, combining replacements and returns in a single process.

Act sustainably by recovering residual value, extending device life, or recycling devices responsibly to maximize your investment.

Market differentiator

We Manage all type of Mobile Work scenarios

Scale your office and frontline mobile workforce with confidence through our efficient, secure, and sustainable solutions.

Partnerships with top-tier providers to deliver the best tools for every mobile work scenario.

Frontline workers

Boost workforce productivity with our end-to-end mobile solutions, providing fully managed mobility adapted for your organisations needs and the people performing at the edge of your business.

Office workers

Achieve happier knowledge workers in a sustainable and cost-efficient way with our automated and selfservice driven solution for hybrid and office workers constantly on the move.

Techstep enter new markets with LOI for delivering Techsteps's Lifecycle platform

Letter of Intent signed with intention to bring Techstep's highly scalable solutions into new markets

Techstep Enters LOI with New Product Partner in Ireland and the UK

"This agreement aligns perfectly with Techstep's partner strategy of expanding our market reach in Europe and globally, helping partners digitize manual processes, contributing to a more streamlined and efficient operation and emphasizing circular economy values", comments Morten Meier, CEO of Techstep.

Techstep's Device Lifecycle Management platform will be integrated with partners offering, enhancing value and user experience

• First customers planned to onboard during Q4 2025
• Additional customers to be onboarded in following quarters
• Commercial model include a license price per device per month

A Partner with bold ambitions and large potential

• Large IT Vendor with strong existing customer base
• Trusted by large regional and global industry leaders

A leading IT vendor in the UK & Ireland will use Techstep's Lifecycle Portal to manage customer device estates more efficiently and sustainably.

Summary and Outlook

• Profitability improving steadily through continuous optimization of cost base and converting to recurring revenue business model
• Leaving 2024, recurring revenue contracts is record high
• The business is rigged for scalability, but capitalizing on strategic partner agreements will take time
• Expected contract with Sykehuspartner (Managed Health) is progressing forward but slower than anticipated

Q&A

Chat or send e-mail to

ir@techstep.io

Appendix

mobile data capture and workflows

tool

and sustainable device lifecycle management including repair, returns and recycling

Sold transactional or "as-a-service"

costs

Available as a total solution or in

support

outsourced device management, security and threat defense

pieces depending on customer needs and wants.

providers

Management team

Morten Meier – Chief Executive Officer

Mr. Meier is a seasoned senior executive with more than 25 years of experience from the software and technology industry, including leadership, strategy, business development, sales, marketing, and operations. He has a proven track record of driving high performance teams and delivering profitable growth, and is passionate about driving transformation, innovation, growth and customer success. Prior to Techstep, he spent the ten past years with Microsoft Norway, where he served several positions at the leadership team, latest as Senior Director Marketing & Operations (COO) and Deputy General Manager. Previous experience includes four years of leadership positions at IBM in Norway and at a Nordic level, and almost ten years with Hewlett-Packard.

Ellen Solum – Chief Financial Officer

Mrs. Solum joined Techstep from the role as Partner in Uniconsult AS, and brings extensive experience from all finance functions, such as accounting, tax, controlling, treasury and investor relations and significant experience from change management, turn-around cases and IPO processes. She has worked in both private and publicly listed companies and has previously held positions such as CFO in TeleComputing ASA, Finance Director in Findus AS, as well as several years as management consultant and partner. Mrs. Solum holds a master's degree from University of Colorado Boulder, as well as an MBA from the Norwegian School of Economics (NHH).

. David Landerborn – Chief Operating Officer

Mr. Landerborn is an experienced executive with deep understanding of the mobile technology industry, having held several prominent positions within Techstep. This experience includes his role as Deputy Managing Director and Chief Operating Officer at Optidev AB, which Techstep acquired in 2020, and as part of Techstep's executive management team since 2022. He is passionate about strategy and operational excellence, mobile technology solutions together with a strong and winning company culture. He is actively involved in local tech initiatives in Borås, Sweden, to make sure raising Tech stars choose Techstep as their employer. Mr. Landerborn holds a bachelor's in computer science from the University of Borås.

Bartosz Leoszewski – Chief Product & Technology Officer

Mr. Leoszewski is an experienced IT and software leader and entrepreneur. He is experienced in building software products and their strategy, setting a long-term technology direction with cybersecurity always at the forefront. As a software engineer in 2006 Mr. Leoszewski co-founded Famoc, where he was first responsible for product development and engineering as Chief Technology Officer, and in 2012 transitioned to a CEO role. Famoc was acquired by Techstep in 2021. Mr. Leoszewski holds an MSc. in Computer Science from the Technical University of Gdansk and an Executive MBA from Rotterdam School of Management.

Sheena Lim – Chief Marketing Officer

Ms. Lim has over 22 years of international brand, marketing and communication experience in telecom, food & beverage, media and pharmaceutical and HR tech. Ms Lim came to Techstep from the position as Marketing and Communication Director at Zalaris, a provider of simplified HR and payroll administration. Previous positions include 12 years with Telenor's international operations, where she worked through change and improvement projects across all 12 markets in which Telenor was involved. Ms Lim has an executive MBA from BI Norwegian Business School and ESCP European Business School, as well as a bachelor's degree for business (marketing) from University of Monash.

Suzanne Almbring– Chief People and Culture Officer

Ms. Almbring is an experienced HR executive with over 20 years of experience in strategic and operational HR, leadership development, and organisational growth. She has deep expertise in talent management, recruitment, HR processes, and employee engagement, supporting companies through transformation and change. She joined Techstep in 2022 as HR Business Partner and was appointed Chief People & Culture Officer in 2025. Prior to Techstep, she held senior HR roles at AB Regin, Ingram Micro, and Brightpoint Sweden AB, where she worked closely with leadership teams to develop and implement HR strategies across multiple markets.

Board of Directors

Michael Jacobs – Chairman of the board (since 2023)

Michael Jacobs is the Executive Vice President of the Nordics at Crayon ASA, a customer-centric innovation and IT services company. 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. Michael also has experience from Oracle and Telenor, both in Norway and internationally. He has a degree from California Lutheran University and continuing education from, among others, Harvard University. Melissa Mulholland - Board member (since 2021)

Harald Arnet - Board member (since 2021)

Mr. Arnet has more than 30 years of experience in national and international finance, industrial and financial investments. He is the CEO of Datum AS, one of the Company's larger shareholders, and has held several board positions in listed and non-listed companies, including Kahoot! AS, NRC Group ASA and several companies within the Datum group. He holds a master's degree from University of Denver and London Business School.

Jens Rugseth – Board member (since 2019)

Mr. Rugseth is a co-founder and Chairman of the Board of Crayon Group ASA and Link Mobility Group ASA. He has been a serial founder of a number of companies within the IT-sector over the past 30 years. Mr. Rugseth has also held the position of Chief Executive Officer in some of the largest IT-companies in Norway, including ARK ASA, Cinet AS and Skrivervik Data AS. Mr. Rugseth studied business economics at the Norwegian School of Management.

Ingrid Leisner - Board member (since 2016)

Ms. Leisner is an experienced board member. Her directorships over the last five years include current board positions in Xplora Technologies AS and Maritime and Merchant ASA. Ms. Leisner has a background as a trader of different oil and gas products in her 15 years in Equinor ASA. Her years of experience and skills within business strategy, M&A, management consulting and change management has been very valuable when serving on the board of several companies listed on Oslo Børs. She holds a Bachelor of Business degree with honours from the University of Texas in Austin.

Ms. Mulholland is Chief Executive Officer of Crayon, a worldwide digital transformation expert. Prior to Crayon, Melissa spent 12 years at Microsoft, leading strategy and business development through cloud transformation. Prior to Microsoft, she spent two years at Intel Corporation, driving a cross-company analysis into the effectiveness of using recycled chips for solar technology. She has authored 12 books focused on how to build a business in the Cloud and is a board advisor for SHE, Europe's largest gender equality conference. Ms. Mulholland holds an MA in Business Administration and Strategic Management from Regis University in Colorado.

Largest shareholders per 31.December 2024

Shareholder	# of shares	Ownership %
DATUM AS	6 296 415	18,3 %
1) KARBON INVEST AS	4 755 546	13,8 %
VALSET INVEST AS	2 530 000	7,4 %
Swedbank AB	2 524 685	7,3 %
CAMIKO AS	1 073 082	3,1 %
STEENCO AS	869 566	2,5 %
AS CLIPPER	869 566	2,5 %
CIPRIANO AS	759 916	2,2 %
SPECTER INVEST AS	652 500	1,9 %
VERDIPAPIRFONDET DNB SMB	628 206	1,8 %
Saxo Bank A/S	483 023	1,4 %
GIMLE INVEST AS	407 096	1,2 %
Sbakkejord AS	363 134	1,1 %
TIGERSTADEN AS	325 000	0,9 %
TORSTEIN TVENGE	300 000	0,9 %
NILS GABRIEL ANDRESEN	260 191	0,8 %
TIGERSTADEN MARINE AS	250 000	0,7 %
NORDHOLMEN AS	238 372	0,7 %
NORDNET LIVSFORSIKRING AS	235 704	0,7 %
PIKA HOLDING AS	214 346	0,6 %
Total number owned by top 20	24 036 348	69.9 %
Total number of shares	34 407 158	100 %

1) Karbon Invest AS is owned by the Board member Jens Rugseth

Duo Jag AS, which is partly owned by Board member Ingrid Leisner, owns 60,157 shares in Techstep ASA Hermia AS, which is partly owned by Board member Harald Arnet, owns 63 439 shares in Techstep ASA

Disclaimer

This presentation (the "Presentation") has been prepared by Techstep ASA ("Techstep" or the "Company" and together with its subsidiaries the "Techstep Group"). The Presentation has been prepared and is delivered for information purposes only. It has not been reviewed or registered with, or approved by, any public authority, stock exchange or regulated market place.

The contents of the Presentation are not to be construed as financial, legal, business, investment, tax or other professional advice. Each recipient should consult with its own professional advisors for any such matter and advice.

The Company makes no representation or warranty (whether express or implied) as to the correctness or completeness of the information contained herein, and neither the Company nor any of its subsidiaries, directors, employees or advisors assume any liability connected to the Presentation and/or the statements set out herein. This Presentation is not and does not purport to be complete in any way. By receiving this Presentation you acknowledge that you will be solely responsible for your own assessment of the Company, its financial position and prospects and that you will conduct your own analysis and be solely responsible for forming your own view of any refinancing and the potential future performance of the Company's business.

The information included in this Presentation may contain certain forward-looking statements relating to the business, financial performance and results of the Techstep Group and/or the industry in which it operates. Forward-looking statements concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words "believes", "expects", "predicts", "intends", "projects", "plans", "estimates", "aims", "foresees", "anticipates", "targets", and similar expressions. The forward-looking statements contained in this Presentation, including assumptions, opinions and views of the Company or cited from third party sources are solely views and forecasts which are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development. None of the Company or any other company in the Techstep Group, or any of its advisors or any of their parent or subsidiary undertakings or any such person's affiliates, officers or employees provides any assurance that the assumptions underlying such forward-looking statements are free from errors nor does any of them accept any responsibility for the future accuracy of the opinions expressed in this Presentation or the actual occurrence of the forecasted developments. The Company and its advisors assume no obligation to update any forward-looking statements or to conform these forward-looking statements to the Techstep Group's actual results. Investors are advised, however, to inform themselves about any further public disclosures made by the Company, such as filings made with Oslo Børs or press releases.

This Presentation does not constitute any solicitation for any offer to purchase or subscribe any securities and is not an offer or invitation to sell or issue securities for sale in any jurisdiction, including the United States. Distribution of the Presentation in or into any jurisdiction where such distribution may be unlawful, is prohibited. The Company and its advisors require persons in possession of this Presentation to inform themselves about, and to observe, any such restrictions.

This Presentation speaks as of the date set out on the front page, and there may have been changes in matters which affect the Techstep Group subsequent to the date of this Presentation. Neither the issue nor delivery of this Presentation shall under any circumstance create any implication that the information contained herein is correct as of any time subsequent to the date hereof or that the affairs of the Techstep Group have not since changed, and the Company does not intend, and does not assume any obligation, to update or correct any information included in this Presentation.

This Presentation is subject to Norwegian law, and any dispute arising in respect of this Presentation is subject to the exclusive jurisdiction of Norwegian courts with Oslo City Court as exclusive venue.

By receiving this Presentation, you accept to be bound by the terms above.

We make mobile technology work for you