Techstep ASA — M&A Activity 2021

Dec 14, 2021

DNB signs agreement for Techstep's own cloud-based mobility software solution

DNB signs agreement for Techstep's own cloud-based mobility software solution

Techstep has enhanced its long-standing relationship with DNB Bank ASA (DNB) by

signing a new managed services agreement for the deployment of Techstep's own

developed cloud-based mobility software solution SmartControl to DNB's 9,000

employees.

Through this, DNB will achieve complete administrative control of all its

deployed mobile hardware, including Asset Management and Mobile Expense

Management. In addition, SmartControl will provide DNB's employees with self

-service for support and cost control management related to the use of mobile

phones at work, which in turn will reduce complexity for DNB.

The new agreement is signed in addition to Techstep's current agreement for

supply of mobile devices to DNB, and Techstep will deliver new mobile devices

going forward as part of its SmartDevice offering.

"We look forward to assisting DNB and their employees in simplifying and

streamlining the management of mobile hardware throughout its entire lifecycle,

reducing administrative complexity and cost, as well as improving

sustainability" said Techstep CEO, Børge Astrup.

The contract duration is two years, with a significant share of recurring

revenues, primarily driven by SmartDevice, and secondly by SmartControl.

About DNB

DNB is Norway's largest financial services group and offers financial products

and services, including loans and deposits, mutual funds and asset management,

life insurance and pension savings, payment and financing services, real estate

broking and services related to the money and capital markets.

For more information please contact:

Erik Haugen, Chief Transformation Officer, Techstep ASA: +47 967 90 101

About Techstep ASA

Techstep is purpose-built to become a leading Managed Mobility Services

provider. Techstep provides a complete Managed Mobility Services-offering that

presents enterprises and their employees with access to efficient, secure, and

value-creating mobile work solutions - wherever and whenever they choose to

work. Customer benefits include reduced IT complexity and costs, improved

employee capabilities and engagement, as well as increased productivity and

sustainability. Techstep has more than 350 employees based in Norway, Sweden,

Denmark and Poland, serving more than 2,000 customers across different

industries and sectors. The company is listed on the Oslo Stock Exchange under

the ticker TECH. To learn more, please visit www.techstepasa.no.

This information is subject to the disclosure requirements pursuant to Section 5

-12 the Norwegian Securities Trading Act.