Techstep ASA — M&A Activity 2026

Feb 2, 2026

Techstep ASA: Divestment of Business Critical Mobility business completed

Techstep ASA: Divestment of Business Critical Mobility business completed

Reference is made to the stock exchange announcements from Techstep ASA

("Techstep" or the "Company") on 27 November 2025 and 23 December 2025 regarding

the divestment of its Business Critical Mobility business (the "BCM Business")

to IDnet AB, a subsidiary of Lexit Group AS (the "Transaction").

The Transaction has now been successfully completed. Following closing, IDnet AB

has assumed full ownership of the BCM Business.

The purchase price for the BCM business is SEK 136 million, subject to certain

adjustments in connection with the carve-out including relating to prepayments

and inventory. Net purchase price received is approximately SEK 117 million

(corresponding to approximately NOK 126.9 million).

Techstep has used the proceeds from the sale to repay its outstanding interest

-bearing debt of approximately NOK 147.8 million, thereby strengthening the

Company's financial position.

For further information, please contact:

Morten Meier, CEO, Techstep ASA: +47 970 57 717

Ellen Solum, CFO, Techstep ASA: +47 976 66 717

About Techstep ASA

Techstep is a mobile & circular technology company, enabling organisations to

operate smartly, securely, and sustainably by combining mobile devices, software

and expertise to meet customers' business and ESG goals. We are a leading

provider of managed mobility services in Europe, serving more than 2,100

customers in Europe with an annual revenue of NOK 1.1 billion in 2024. The

company is listed on the Oslo Stock Exchange under the ticker "TECH". To learn

more, please visit www.techstep.io.