Techstep ASA — Share Issue/Capital Change 2014

May 13, 2014

BIRD- Share issue

BIRD- Share issue

Stockholm, 13 May 2014

Birdstep Technology ASA (the "Company",

ticker "BIRD") today announces that the Company has

issued a total of 1,500,000 new shares, each with a

par value of NOK 0.10, at a price of NOK 1.59 per

share. The share issue was made pursuant to an

agreement entered into in 2011 with the former CEO,

which agreement since has been assigned by such

former CEO to a third party. The subscription price

per share was set in the 2011-agreement.

After the completion of the share issue, the Company

will have 101,621,627 shares outstanding, each with a

par value of NOK 0.10.

The share issue was resolved by the Board pursuant to

an authorization to issue shares from the 2014 Annual

General Meeting.

Contacts:

Phone: +46 8 545 064 60

Lonnie Schilling

CEO

Phone: +46 8 280 593