Techstep ASA - Share Issue/Capital Change 2022

Techstep ASA - Employee Share Purchase Program - share capital increase

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

"ESPP") for all employees and board members of the Company, as approved by the

annual general meeting on 21 April 2022.

Under the ESPP, the members of the executive management, Board members and other

employees may, in certain periods, be offered to purchase or subscribe for

Techstep shares with a 20% discount of the market price at the last date of a

subscription period. An application period has recently been completed, and the

Company received applications for a total of 854,940 new shares in the Company.

The Board of Directors has today resolved to increase Techstep's share capital

pursuant to the authorisation granted by the annual general meeting held on 21

April 2022 to increase the Company's share capital in connection with the

Company's share purchase program.

Techstep's share capital is resolved increased by NOK 854,940 by the issuance of

854,940 new shares, each with a nominal value of NOK 1.00. The new shares are

issued at a subscription price of NOK 2.344 per share. Following the

registration of the share capital increase with the Norwegian Register of

Business Enterprises (Nw.: Foretaksregisteret), Techstep's new share capital

will be NOK 210,484,770, divided by 210,484,770 shares, each with a nominal

value of NOK 1.00.

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

-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Anita Huun, CFO of Techstep: +47 924 11 563

About Techstep ASA

Techstep is a complete mobile technology enabler, making positive changes to the

world of work; freeing people to work more effectively, securely, and

sustainably. We help customers who want to work smarter, while also delivering

on their ESG commitments. With more than 350 employees based in Norway, Sweden,

Denmark, and Poland, we serve more than 2,000 enterprise customers in Europe.

Techstep had NOK 1.3 billion in full year 2021 revenues, and is listed on the

Oslo Stock Exchange under the ticker TECH. To learn more, please visit

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