Techstep ASA — Share Issue/Capital Change 2017

Mar 31, 2017

TECHSTEP ASA - REGISTRATION OF NEW SHARE CAPITAL

TECHSTEP ASA - REGISTRATION OF NEW SHARE CAPITAL

Reference is made to the stock exchange announcements from Techstep

ASA (the "Company") published on 3 February 2017 and 28 February

2017 regarding the completed private placement of 17,543,860 new

shares in the Company (the "Private Placement") and the approval of

tranche 2 of the Private Placement by the extraordinary general

meeting.

The NOK 5,263,158 share capital increase pertaining to the tranche 2

of the Private Placement has now been registered with the Norwegian

Register of Business Enterprises. The new share capital of the

Company is consequently NOK 139,201,429 divided into 139,201,429

shares, with each share having a nominal value of NOK 1.00.

For further information, please contact:

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.