Techstep ASA

Grant of share options to primary insiders in Techstep ASA

The Board of Directors of Techstep ASA has resolved to grant share options in

connection with the company's 2025 share option programme. The 2025 share option

program comprise a total of 1,360,000 share options and are being granted based

on the same terms and conditions as previous programs, inter alia with the share

options vesting over a period of three years with 1/3 each year and with an

expiry date of 5 years from the grant date.

The strike price for the 2025 share options is based on the 30-day VWAP before 1

April 2025 with an addition of 10% and with an additional increase of 10% per

year thereafter as follows:

- Tranche 1: NOK 13.17

- Tranche 2: NOK 14.49

- Tranche 3: NOK 15.94

The board note that this year's program is more extensive than what should be

expected going forward, as the board deems it important to incentivise and

retain key personnel during the current phase of the company as part of the

ongoing strategic and operational turn-around.

Of the total 1,360,000 share options granted under the 2025 share option

program, a total of 790,000 share options have been granted to primary insiders

as follows:

· Morten Meier, CEO, has been granted 350,000 share options

· Ellen Solum, CFO, has been granted 200,000 share options

· Bartosz Leoszewski, Chief Product & Technology Officer, has been granted

80,000 share options

· Sheena Lim, Chief Marketing Officer, has been granted 80,000 share options

· Suzanne Almbring, Chief People Officer, has been granted 80,000 share

options.

Please see the attached forms for primary insider notifications pursuant to MAR.

For more information:

Ellen Solum, CFO, Techstep ASA: +47 976 66 717

The information is subject to the disclosure requirements pursuant to the Market

Abuse Regulation article 19 and section 5-12 of the Norwegian Securities Trading

Act.

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