Techstep ASA - Share Issue/Capital Change 2016

Result of Subsequent Offering

Reference is made to the stock exchange notice published by Techstep ASA (the

"Company") on 5 July 2016 regarding the Subsequent Offering.

The subscription period under the Subsequent Offering expired on 25 July 2016 at 16:30

CET, and the Subsequent Offering was 8 times oversubscribed.

Based on the subscriptions received, including over-subscriptions, the Board of

Directors, pursuant to an authorization from the Annual General Meeting dated 28 April

2016, has resolved to allocate and issue the maximum of 678,108 Offer Shares at a

subscription price of NOK 2.20 per Offer Share. The oversubscribed shares have been

allotted pro rata with the number of subscription rights exercised by the oversubscribing

shareholder.

The subscribers who were allocated Offer Shares will receive a letter confirming the

number of Offer Shares allocated and the corresponding amount to be paid by each

subscriber. The letters are expected to be distributed on 26 July 2016. Payment for the

allocated Offer Shares falls due on 1 August 2016.

Following the registration of the Subsequent Offering with the Norwegian Register of

Business Enterprises, the share capital of the Company will be NOK 14,240,271 divided

into 14,240,271 shares, each with a par value of NOK 1. The Offer Shares will be delivered

to the subscribers as soon as reasonably practical following such registration. The

shares issued in the Subsequent Offering may not be transferred or traded until they are

fully paid and registered on the VPS account of the individual subscriber.

For more information please contact

Fredrik Johansson

COO Techstep ASA

Mobile: +46 70 352 91 90

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