Techstep ASA — Regulatory Filings 2015

Nov 2, 2015

Material change in customer contract

Material change in customer contract

(Oslo November 2, 2015)

Birdstep's largest customer by revenue has reported a cost

cutting initiative to reduce expenses by as much as $2.5

billion during the next six months.

As a result Birdstep's customer, Sprint, is eliminating

their Sprint Connection Optimizer branded product, which is

based upon Birdstep's SmartSELECT product. The contract

between Sprint and Birdstep remains and Sprint will continue

to use Birdstep products. Additionally, Birdstep is working

to position new products into the Sprint network. Birdstep

revenue from the SmartSELECT product to Sprint expects to

continue through Q4 2015.

For the period of January to June 2015, the revenue from the

SmartSELECT product to Sprint, was 22,2 MNOK.

For further information please contact;

Lonnie Schilling

CEO

Phone: +46 8 627 91 40

Fredrik Johansson

CFO

Phone: +46 8 627 91 40