Techstep ASA — Share Issue/Capital Change 2022

Oct 31, 2022

Techstep ASA: New share capital registered

Techstep ASA: New share capital registered

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

on 29 September and 21 October 2022 regarding the Private Placement.  In

connection with the settlement of Tranche 2, the Company has issued 29,646,040

new shares to the subscribers. The share capital increase pertaining to such

share issue has now been registered with the Norwegian Register of Business

Enterprises (Nw. Foretaksregisteret). The Company's new registered share capital

is NOK 304,728,910, divided into 304,728,910 shares, each with a par value of

NOK 1.

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

-12 of the Norwegian Securities Trading Act.