Webstep — Share Issue/Capital Change 2017

Oct 9, 2017

Webstep - Last day of the bookbuilding and application periods in the IPO

Webstep - Last day of the bookbuilding and application periods in the IPO

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED

STATES, CANADA, AUSTRALIA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE

PEOPLE'S REPUBLIC OF CHINA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN

WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE

APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.

Oslo, 9 October 2017: Reference is made to the stock exchange announcement of 25

September 2017, whereby Webstep ASA ("Webstep" or the "Company", OSE ticker

"WSTEP") announced the terms of its initial public offering of its shares (the

"IPO").

The application periods for the retail offering and the employee offering expire

at 12:00 hours (CET) today, 9 October 2017, and the bookbuilding period for the

institutional offering expires at 16:00 hours (CET), today, 9 October 2017.

Norwegian applicants in the retail offering and the employee offering who are

resident in Norway with a Norwegian personal identification number are

recommended to apply for shares through the VPS online application system by

following the link to such online application system on the following websites:

www.webstep.com, www.arctic.com, www.sb1markets.no, www.sr-bank.no/markets.

Applications for shares in the retail offering and in the employee offering may

also be made by using the retail application form or the employee application

form (as applicable) attached to the prospectus dated 25 September 2017 (the

"Prospectus") prepared in connection with the IPO. All applications in the

retail offering and in the employee offering must be made within 12:00 hours

(CET) today, 9 October 2017.

Applications for shares in the institutional offering must be made by informing

one of the Managers (as defined below) of the number of shares that the investor

wishes to order, and the price per share that the investor is offering to pay

for such shares, within 16:00 hours (CET) today, 9 October 2017.

The terms and conditions for the IPO are set out in the Prospectus which,

subject to regulatory restrictions in certain jurisdictions, is available at

www.webstep.com, www.arctic.com, www.sb1markets.no, www.sr-bank.no/markets. Hard

copies of the Prospectus may be obtained free of charge by contacting one of the

Managers (each as defined below) or at the offices of Webstep at Lilleakerveien

8, 0283 Oslo, Norway.

Arctic Securities AS, SpareBank 1 Markets AS and SpareBank 1 SR-Bank ASA

(jointly the "Managers"), are acting as joint global coordinators and joint

bookrunners in the Offering.

Enquiries

Kjetil Eriksen, CEO Webstep,      +47 982 98 008

Anders Løken, CFO Webstep,    +47 977 69 200

About Webstep ASA

Webstep ASA and its subsidiaries form the Webstep Group, a high-end provider of

IT consultancy services in Norway and Sweden. Since its incorporation in 2000,

the Webstep Group has offered IT services designed to address its customers'

software needs by creating functional custom-made digital tools and applications

optimizing the customers' business strategies. Webstep aims to be at the

forefront of the technological development and to assist its customers in their

digitalisation through the offering of cutting-edge IT expertise. The Webstep

Group's core digitalisation offering consists of digitisation, cloud

implementation, migration and integration, in addition to its other core focus

areas Internet of Things (IoT), machine learning and analytics. An important

part of the Webstep Group's strategy is to employ and offer only senior IT

consultants with significant experience. As of 30 June 2017, the Webstep Group

employed 393 employees, of which 350 were IT consultants. For more information

visit www.webstep.com (http://www.webstep.no)

Important Notice

This announcement is not and does not form a part of any offer for or invitation

to sell or issue, or any solicitation of an offer to purchase or subscribe for

any shares or any other securities nor shall it (or any part of it) or the fact

of its distribution, from the basis of, or be relied upon in connection with,

any contract therefor.

Copies of this announcement are not being made and may not be published,

distributed, transmitted or sent, directly or indirectly, in or into the United

States, Australia, the Hong Kong Special Administrative Region of the People's

Republic of China, Canada, Japan, South Africa or any other jurisdiction in

which such distribution would be unlawful or would require registration or other

measures.

The securities referred to in this announcement have not been and will not be

registered under the U.S. Securities Act of 1933, as amended (the "Securities

Act"), or any securities laws of any state or other jurisdiction of the United

States and accordingly may not be offered or sold in the United States absent

registration or an applicable exemption from the registration requirements of

the Securities Act and in accordance with applicable U.S. state securities laws.

The Company does not intend to register any part of the offering in the United

States or to conduct a public offering of securities in the United States. Any

sale in the United States of the securities mentioned in this announcement will

be made solely to "qualified institutional buyers" as defined in Rule 144A under

the Securities Act.

Any offering of securities will be made by means of a Prospectus that will

contain detailed information about the Company and its management, as well as

financial statements. This announcement is an advertisement and not a Prospectus

for the purposes of Directive 2003/71/EC, as amended (together with any

applicable implementing measures in any Member State, the "Prospectus

Directive"). Investors should not subscribe for any securities referred to in

this announcement except on the basis of information contained in the

Prospectus.

In any EEA Member State other than Norway that has implemented the Prospectus

Directive, this communication is only addressed to and is only directed at

"qualified investors" in that Member State within the meaning of Article 2(1)

(e) of the Prospectus Directive ("Qualified Investors"), i.e., only to investors

to whom an offer of securities may be made without the requirement for the

Company to publish a Prospectus pursuant to Article 3 of the Prospectus

Directive in such EEA Member State.

This communication is only being distributed to and is only directed at persons

in the United Kingdom that are (i) investment professionals falling within

Article 19(5) of the Financial Services and Markets Act 2000 (Financial

Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities,

and other persons to whom this announcement may lawfully be communicated,

falling within Article 49(2)(a) to (d) of the Order (all such persons together

being referred to as "relevant persons"). This communication must not be acted

on or relied on by persons who are not relevant persons. Any investment or

investment activity to which this communication relates is available only for

relevant persons and will be engaged in only with relevant persons. Persons

distributing this communication must satisfy themselves that it is lawful to do

so.

This announcement does not constitute a recommendation concerning the IPO. The

price and value of securities and any income from them can go down as well as

up. Past performance is not a guide to future performance. Information in this

announcement or any of the documents relating to the IPO cannot be relied upon

as a guide to future performance. There is no guarantee that the listing on Oslo

Børs will occur and you should not base your financial decisions on the

Company's intentions in relation to the listing at this stage. Potential

investors should consult a professional advisor as to the suitability of the IPO

for the entity concerned.