Techstep ASA - Share Issue/Capital Change 2017

Completion of acquisition of shares in Teki Solutions and Nordialog Asker

Reference is made to the stock exchange announcement made by

Techstep ASA ("Techstep" or the "Company") on 2 February 2017

regarding binding agreements to acquire the remaining 21.84 per cent

of the shares in Teki Solutions AS (the "Teki Solutions Shares") and

the remaining 50 per cent of the shares in Nordialog Asker AS (the

"Nordialog Asker Shares").

Techstep is pleased to announce that the acquisition of the Teki

Solutions Shares and the Nordialog Asker Shares have been completed,

and a total of 7,515,325 new consideration shares will today be

issued by Techstep to the sellers of the Teki Solutions Shares and

the Nordialog Asker Shares.

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

133,938,271 divided into 133,938,271 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 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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