Techstep ASA — M&A Activity 2017

Aug 31, 2017

Completion of acquisition of all the shares in BKE TeleCom AB

Completion of acquisition of all the shares in BKE TeleCom AB

Reference is made to the stock exchange announcements made by

Techstep ASA ("Techstep" or the "Company") on 3 July 2017 regarding

a binding agreement to acquire BKE Telecom AB ("BKE").

Techstep is pleased to announce that the acquisition of BKE has been

completed, and a total of 4,729,893 new consideration shares will

today be issued by Techstep to the sellers of BKE.

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

146,007,713 divided into 146,007,713 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

This information is subject to the disclosure requirements pursuant

to Section 5-12 of the Norwegian Securities Trading Act.