Techstep ASA - Share Issue/Capital Change 2021

Techstep ASA - Employee Share Purchase Program - resolution to increase the share capital

Techstep ASA ("Techstep" and the "Company") has a share purchase program (the

"ESPP") for all employees of the Techstep group and the board members of the

Company (the "Eligible Participants"), as approved by the annual general meeting

in 2020.

Under the ESPP, the Eligible Participants may, in certain periods, apply to

subscribe for new shares in the Company, at a price corresponding to a 20%

discount to the prevailing market price of the Company's shares as of the end of

the application periods. An application period under the ESPP has recently been

completed, and the Company received applications for a total of 432,925 new

shares in the Company from the Eligible Participants.

In order to deliver new shares to the Eligible Participants, the Board of

Directors of the Company has today resolved a share capital increase of NOK

432,925 through issuance of 432,925 new shares, each share with a par value of

NOK 1.00. The new shares are issued at a subscription price of NOK 4.28 per new

share. The new shares have been issued based on an authorization to increase the

share capital granted to the Board of Directors on 22 June 2020.

Following completion of the share issuance, the share capital of the Company

will be NOK 183,728,397 divided by 183,728,397 shares, each with a par value of

NOK 1.00.

For further information, please contact:

Jens Haviken, CEO of Techstep: +47 930 90 070

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

This information is subject to the disclosure requirements pursuant to the

Norwegian Securities Trading Act § 5-12. This stock exchange release was

published by Marius Drefvelin, CFO, on 25 March 2021 at 1030.

About Techstep ASA

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 290 employees based

in Norway, Sweden and Denmark, serving 550+ enterprise customers across various

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

Stock Exchange. For more information, see www.techstepasa.no.

AI assistant