Techstep ASA - Share Issue/Capital Change 2017

Completion of acquisition of all the shares in InfraAdvice Sweden AB

Reference is made to the stock exchange announcement made by

Techstep ASA ("Techstep" or the "Company") on 13 March 2017

regarding a binding agreement to acquire InfraAdvice Sweden AB.

Techstep is pleased to announce that the acquisition of InfraAdvice

Sweden AB has been completed, and a total of 743,059 new

consideration shares will today be issued by Techstep to the seller

of InfraAdvice Sweden AB.

Following issuance of the consideration shares and registration of

the new share capital with the Norwegian Register of Business

Enterprises, the share capital of the Company will be NOK

139,944,488 divided into 139,944,488 shares, each with a par value

of NOK 1. A separate announcement will be made when the registration

of the share capital increase is completed.

The consideration shares will not be admitted to trading on Oslo

Stock Exchange until the Financial Supervisory Authority of Norway

has approved, and Techstep has published, a prospectus which is

expected to take place in end of April. Pending such approval and

publication, the consideration shares will be issued in VPS with a

separate and interim ISIN. A separate announcement will be made when

the shares are transferred to the ordinary ISIN of the Company.

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.

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