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Webstep

Major Shareholding Notification Jan 10, 2020

3788_dirs_2020-01-10_9d4fde97-6727-47d3-b061-79c954f31dbe.pdf

Major Shareholding Notification

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Webstep ASA: Sale of shares to employees - correction

Oslo, 10 January 2020. Reference is made to the stock exchange announcement by WebstepASA ("Webstep") on 20 November 2019 regarding application of shares by prime insiders in the offer of shares to employees (the "Offer") and the stock exchange announcement by Webstep on 29 November 2019 regarding the results of the Offer.

Due to an error in the registration of purchase orders from employees in the Offer, two of the purchase orders were never registered. These were the orders of the primary insiders Arne Lee Norheim and Cathrine Fredhøi. Following the correction, the holdings of the two primary insiders are as follows:

Cathrine Fredhøi (Observer to the Board): Cathrine Fredhøi's aggregate holding of shares with her close associates is 591 shares

Arne Lee Norheim (CEO): Arne Lee Norheim's new aggregate holding of shares with his close associates is 12,495 shares

Contact details for further information:

Liv Annike Kverneland, CFO

Cell: +47 911 51 110

Email : [email protected]

Website : www.webstep.com

WebstepASA is a provider of consultancy services to the private and public sector, with the ITexpertise necessary to deliver the most demanding digitalisation and ITservices.The Webstep Group employs approximately 400 employees in Norway and Sweden. The company offers its services to more than 200 customers annually and has been recognised for its work environment.

This information is subject to the disclosure requirements pursuant to section 4-2 of the Norwegian Securities TradingAct.

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