Techstep ASA — M&A Activity 2016

Apr 7, 2016

Sale of Birdstep Technology AB has been finalized

Sale of Birdstep Technology AB has been finalized

Birdstep Technology ASA ("BIRD") today announced that the

sale of its wholly owned subsidiary Birdstep Technology AB to

Smith Micro Software Inc ("SMSI"), previously announced on 8

March and in a detailed stock exchange announcement on 10

March 2016, and approved by shareholders at an extraordinary

general meeting on 31 March 2016, has been finalized.

As an effect of the transaction, CFO Sophie Rabenius will

immediately leave her position in BIRD and her employment

will follow the transaction to SMSI. BIRD´s COO, Fredrik

Johansson, will step in as acting CFO.

Also note that, following the finalization of the

transaction, the website www.birdstep.com will be directed

towards SMSI. From today, BIRD´s new website

www.birdstepasa.com is online.

For questions please contact:

Fredrik Johansson

COO

Fredrik.johansson@birdstepasa.com