Techstep ASA — M&A Activity 2022

Jan 3, 2022

Completion of transaction to divest non-core business unit

Completion of transaction to divest non-core business unit

Reference is made to the announcement made by Techstep ASA (the "Company") on 29

November 2021 regarding the agreement to divest its Voice & Contact Center

business units in Norway to Zisson AS and in Sweden to Soluno Communications AB

respectively, for a total combined consideration of NOK 65.5 million, to be

settled in cash (the "Transaction"). The conditions for completion of the

Transaction have now been satisfied and the Transaction has hence completed

today, 3 January 2022.

For more information please contact:

Børge Astrup, CEO: +47 928 27 676

Marius Drefvelin, CFO: +47 958 95 690

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.