Techstep ASA

Major Shareholding Notification • Oct 10, 2024

Techstep ASA - Disclosure of large shareholding and mandatory notification of trade

Techstep ASA - Disclosure of large shareholding and mandatory notification of trade

Reference is made to the stock exchange announcement published by Techstep ASA

("Techstep" or the "Company") on 9 October 2024 regarding the successful private

placement and allocation of 2,777,777 new shares (the "Offer Shares") in the

Company at a subscription price of NOK 10.80 per Offer Share (the "Offer Price")

(the "Private Placement").

In the Private Placement, Datum AS ("Datum") has been allocated 461,217 Offer

Shares and Datum Vekst AS has been allocated 51,246 Offer Shares. Datum and

Datum Vekst AS are close associates of board member Harald Arnet, and controlled

by Jan Haudemann-Andersen.

In addition, Datum has entered into a share lending agreement in connection with

the Private Placement where Datum has agreed to lend a total of 2,777,777

existing and tradable shares in Techstep to Arctic Securities AS (the "Manager")

to facilitate DVP settlement in the Private Placement. The share lending will be

settled with new shares in the Company resolved issued by the board pursuant to

the authorization granted by the Company's general meeting on 29 May 2024.

During the term of the lending of said shares, Datum's shareholding in the

Company will be reduced to 3,518,638 shares (including the Offer Shares

allocated to Datum in the Private Placement), representing 11.12% of the shares

and votes in the Company currently registered in the Norwegian Register of

Business Enterprises. Jan Haudemann-Andersen's total shareholding in the

Company, through Datum and Datum Vekst (211,246 shares) during the term of the

share lending will be reduced to 3,729,884 shares (including the Offer Shares

allocated), representing 11.79% of the shares and votes in the Company currently

registered in the Norwegian Register of Business Enterprises. Consequently, Jan

Haudemann-Andersen's shareholding in the Company has fallen below the 15%

threshold pursuant to Section 4-2 (1) of the Norwegian Securities Trading Act.

Primary insider notification pursuant to the EU Market Abuse Regulation Article

19 is attached.

Karbon Invest AS has been allocated and subscribed for 383,927 shares in the

Private Placement. Following completion of the Private Placement, board member

Jens Rugseth indirectly holds in aggregate 4,929,459 shares in Techstep,

representing 15.59% of the shares and votes of the Company currently registered

in the Norwegian Register of Business Enterprises. The shares are held through

Karbon Invest AS (4,755,546 shares) and Rugz AS (173,913 shares). Consequently,

Jens Rugseth's shareholding in the Company has exceeded the 15% threshold

pursuant to Section 4-2 (1) of the Norwegian Securities Trading Act.

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

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

perform 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 2023. The

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

more, please visit www.techstep.io.

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

-12 of the Norwegian Securities Trading Act, EU Market Abuse Regulation Article

19 and Euronext Oslo Rule Book II.