Techstep ASA - Share Issue/Capital Change 2021

Techstep ASA - share capital increase registered

Reference is made to Techstep ASA's ("Techstep" or the "Company") stock exchange

announcement on 20 May 2021 regarding the completion of a private placement

raising gross proceeds of NOK 100 million (the "Private Placement").

The Company has registered the share capital increase pertaining to the Private

Placement in the Norwegian Register of Business Enterprises (Nw.

Foretaksregisteret), and the Company's new registered share capital is NOK

205,950,619 divided by 205,905,619 shares, each with a par value of NOK 1.00.

The new shares issued in the Private Placement will be placed on a separate ISIN

pending approval of a listing prospectus by the Norwegian Financial Supervisory

Authority (the "FSA"), and will not be listed or tradable on Oslo Børs until the

listing prospectus has been approved by the FSA and published by the Company,

expected during July 2021.

For further information, please contact:

Marius Drefvelin, CFO, Techstep ASA: +47 958 95 690

Techstep is purpose- built to become a leading managed Mobility Services

provider in the Nordics. Techstep combines device management, software, hardware

and connectivity into a managed service. This enables enterprises and their

employees to do their work across mobile devices and locations, with a high

degree of security and operational stability. Techstep has 300 employees based

in Norway, Sweden and Denmark, serving 500+ enterprise customers across various

industries in the private and public sectors. The Company is listed on the Oslo

Stock Exchange. For more information, please visit www.techstepasa.no.

This information is subject to the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

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