Techstep ASA — Share Issue/Capital Change 2017

Feb 9, 2017

TECHSTEP ASA - REGISTRATION OF NEW SHARE CAPITAL

TECHSTEP ASA - REGISTRATION OF NEW SHARE CAPITAL

Reference is made to the stock exchange announcement from

Techstep ASA (the "Company") published on 3 February 2017

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

shares in the Company (the "Private Placement").

The NOK 12,280,702 share capital increase pertaining to the

tranche 1 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 114,756,279

divided into 114,756,279 shares, with each share having a

nominal value of NOK 1.00.

For further information, please contact:

Marius Drefvelin, CFO of Techstep: +47 95895690