Techstep ASA - Major Shareholding Notification 2021

Techstep ASA: Primary insider notification

Reference is made to the stock exchange notice from Techstep ASA (the "Techstep

or Company") on 20 May 2021 regarding completion of a fully underwritten private

placement raising gross proceeds of approximately NOK 100 million (the "Private

Placement").

In order to arrange settlement for certain of the new shares to be delivered in

the Private Placement, a share lending arrangement has been agreed with Datum AS

pursuant to which Datum AS has agreed to lend out 22,222,222 shares in the

Company. In the Private Placement, Datum was allocated 3,279,313 new shares in

the Company. Datum AS is owned by the deputy board member Jan Haudemann

-Andersen. Following completion of the Private Placement, Jan-Haudemann Andersen

indirectly indirectly holds in aggregate 37,197,288 shares in Techstep,

representing 18.1% of the shares and votes of the Company. The shares are held

through Datum AS (35,597,288 shares) and Datum Vekst AS (1,600,000 shares).

Further, Karbon Invest AS was allocated 2,355,554 shares in the Private

Placement. Following completion of the Private Placement, Karbon Invest AS holds

21,804,349 shares in Techstep, representing 10.6% of the shares and votes of the

Company. Chairman Jens Rugseth is a majority shareholder in Techstep.

This information is subject to the disclosure requirements in the EU Market

Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Marius Drefvelin, CFO, Techstep ASA: +47 958 95

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

provider in the Nordics. Techstep combines device management, software, hardware

and connectivity into a managed service. This enables enterprises and their

employees to do their work across mobile devices and locations, with a high

degree of security and operational stability. Techstep has 300 employees based

in Norway, Sweden and Denmark, serving 500+ enterprise customers across various

industries in the private and public sectors. The Company is listed on the Oslo

Stock Exchange. For more information, please visit www.techstepasa.no.

AI assistant