Techstep ASA — M&A Activity 2016

Nov 16, 2016

Techstep ASA: Mandatory notification of trade - received acceptances under mandatory offer

Techstep ASA: Mandatory notification of trade - received acceptances under mandatory offer

Reference is made to the offer document dated 17

October 2016 regarding the mandatory offer

(the "Offer") to acquire all outstanding shares in

Techstep ASA ("Techstep") for an offer price of NOK

2.20 per share made by Zono Holding AS ("Zono

Holding"), with an acceptance period from 18 October

2016 to 15 November 2016 at 16:30 CET.

Zono Holding has on 15 November 2016 received

acceptances for a further 1,118 shares. After expiry

of the acceptance period, all acceptances received

under the Offer comprise in total 17,207 shares.

Zono Holding now holds 62,707,066 shares in Techstep,

representing 61.19 % of the shares and the votes in

the company.

This information is subject of the disclosure

requirements in section 4-2 of the Norwegian

Securities Trading Act. Kristian G. Lundkvist, who is

a member of the board of directors of Techstep, is

(indirectly) the majority shareholder in Zono Holding

AS, through the companies Middelborg AS and Middelborg

Invest AS.

Date: 15 November 2016