Techstep ASA - Share Issue/Capital Change 2017

Acquisition of Mytos AS is completed

Reference is made to the stock exchange announcement made by

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

regarding a binding agreement to acquire the entire share capital

of Mytos AS (the "Transaction") and the mandatory notification of

trade on the same date regarding Mytos Systems AS' ("Mytos

Systems") acquisition of 11,666,667 new consideration shares in the

Company upon completion of the Transaction.

Techstep is pleased to announce that the Transaction has been

completed, and a total of 11,666,667 new consideration shares will

today be issued by Techstep to Mytos Systems, the seller in the

Transaction. Following issuance of the consideration shares, Mytos

Systems will hold 11,666,667 shares and votes in Techstep after the

Transaction representing 9.2% of the shares and votes of Techstep.

Following issuance of the consideration shares and registration of

the new share capital with the Norwegian Register of Business

Enterprises, the capital of the Company will be NOK 126,422,946

divided into 126,422,946 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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