Webstep — Major Shareholding Notification 2017

Oct 18, 2017

HOLDINGS REPORT FOR KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT, LLC

• 1) Name of the issuer of the relevant listed shares: Webstep ASA
• 2) Date of when the threshold was reached or passed: October 13, 2017
• 3) Name of the entity required to make the notification, including the name of the shareholder (i.e. if voting rights are separated from the ownership of the shares): Kayne Anderson Rudnick Investment Management, LLC
• 4) Number of shares encompassed by the notification: 2,200,000
• 5) How many voting rights are held after the trade in question has been effected, as well the percentage of the shares and votes that are held: 2,200,000
• 6) Percentage of the shares and votes in the issuer the party making the notification holds in the form of rights to shares after the trade in question has been effected: 8.38%
• 7) Event that triggered a notification requirement, and whether or not it affected the party making the notification or a close associate: Purchase of 2,200,000 shares, resulting in ownership in excess of 5%.
• 8) Various corporate entities (if any) shares or rights to shares are held through: Kayne Anderson Rudnick Investment Management, LLC
• 9) If the notification is with respect to rights to shares in the form of convertible loans, subscription rights, options on the purchase of shares and equivalent rights, the notification shall describe the rights as well as inform of when the rights can or will be exercised or time of maturity. The notification must specify whether rights to shares are rights to existing shares (options) or rights to subscribe for new shares. Other relevant conditions must also be disclosed: $N/A$

Dated: October 17, 2017

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Kevin J. Carr Vice President and Secretary Kayne Anderson Rudnick Investment Management, LLC