Techstep ASA — Share Issue/Capital Change 2017

Apr 28, 2017

Techstep ASA - Approval of prospectus and listing of new shares

Techstep ASA - Approval of prospectus and listing of new shares

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART,

DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA,

CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE,

PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Techstep ASA - Approval of prospectus and listing of new shares

Oslo, 28 April 2017

Reference is made to earlier stock exchange announcements by

Techstep ASA ("Techstep" or the "Company") regarding the acquisition

of Teki Solutions AS, Mytos AS, Apro Tele og Data AS, InfraAdvice

Sweden AB and Nordialog Asker AS, and the completion of a NOK 100

million private placement.

The Norwegian Financial Supervisory Authority (the "NFSA") has

approved the prospectus of the Company dated 28 April 2017 (the

"Prospectus") prepared in connection with the listing on Oslo Stock

Exchange of a total of 68,855,731 new shares in the Company ("New

Shares"), of which 30,053,488 New Shares have been issued as

consideration to the majority sellers of Teki Solutions, 11,666,667

New Shares have been issued as consideration to the seller of Mytos

AS, 1,333,332 New Shares have been issued as consideration to the

sellers of Apro Tele and Data AS, 6,580,710 New Shares have been

issued as consideration to the minority shareholders of Teki

Solutions AS, 934,615 New Shares have been issued as consideration

to the seller of shares in Nordialog Asker AS, 743,059 New Shares

have been issued as consideration to the seller of InfraAdvice

Sweden AB and 17,543,860 New Shares have been issued in connection

with a fully underwritten NOK 100 million private placement

completed 3 February 2017.

The Prospectus will be published as soon as practically possible in

accordance with applicable law and will be available on the

Company's website www.techstep.no, and will also be available free

of charge at the business office of the Company.

The New Shares (which since issue has been temporarily registered

under a separate ISIN) will assume the regular ISIN of the Company's

shares under the ticker "TECH" and are tradable on Oslo Børs as of

today, 28 April 2017.

For more information, please contact:

Gaute Engbakk, CEO of Techstep: +47 91633281

Marius Drefvelin, CFO of Techstep: +47 95895690

This information is subject to the disclosure requirements pursuant

to Section 5-12 of the Norwegian Securities Trading Act.