Techstep ASA — M&A Activity 2017

Aug 31, 2017

Completion of acquisition of 51% of the shares in Conneqted 365 AB

Completion of acquisition of 51% of the shares in Conneqted 365 AB

Reference is made to the stock exchange announcements made by

Techstep ASA ("Techstep" or the "Company") on 15 August 2017

regarding a binding agreement to acquire 51% of the shares in

Conneqted 365 AB ("Conneqted").

Techstep is pleased to announce that the acquisition of Conneqted has

been completed, and a total of 244,076 new consideration shares will

today be issued by Techstep to the sellers of Conneqted.

Following issuance of the consideration shares and registration of

the new share capital with the Norwegian Register of Business

Enterprises, the share capital of the Company will be NOK 146,251,789

divided into 146,251,789 shares, each with a par value of NOK 1. A

separate announcement will be made when the registration of the share

capital increase is completed.

The consideration shares will be admitted to trading on Oslo Stock

Exchange under the ticker "TECH" and are tradable on Oslo Børs

following registration of the new shares in the Norwegian Central

Securities Depository.

For more information, please contact:

Gaute Engbakk, CEO of Techstep: +47 91633281

Marius Drefvelin, CFO of Techstep: +47 95895690