Webstep

Share Issue/Capital Change • Nov 29, 2019

Webstep ASA: Sale of shares to employees - Result of the Offer

Webstep ASA: Sale of shares to employees - Result of the Offer

Oslo, 29 November 2019. Reference is made to the stock exchange announcement by

Webstep ASA ("Webstep") on 19 November 2019 regarding the offer of shares to

employees (the "Offer") and the stock exchange announcement on 20 November 2019

regarding applications received from primary insiders in the Offer.

The application period for the Offer commenced on 19 November 2019 at 09:00

hours (CET) and expired today, on 29 November 2019, at 16:30 hours (CET) (the

"Application Period").

The purchase price for the shares in the Offer has, prior to the offered

discount of 20%, been set to NOK 23.51 per share, which equals the volume

weighted average market price for the shares in Webstep in the Application

Period. The purchasers will receive a 20% discount on the purchase price for the

shares acquired by them in the Offer.

Based on the applications received during the Application Period, Webstep has

allocated a total of 120,383 shares to the employees participating in the Offer.

Following this sale, Webstep owns 293,633 own shares.

The following primary insiders have purchased a total of 5,742 shares in the

Offer:

- Arne Lee Norheim (CEO), 638 shares. Arne Lee Norheim's new aggregate holding

of shares with his close associates is 13,133 shares;

- Liv Annike Kverneland (CFO), 638 shares. Liv Annike Kverneland's new aggregate

holding of shares with her close associates is 32,389 shares and 46,884 share

options;

- Rolf Helle (Director Business Development), 638 shares. Rolf Helle's new

aggregate holding of shares with his close associates is 30,383 shares;

- Arnt Roger Aasen (Director Communication), 638 shares. Arnt Roger Aasen's new

aggregate holding of shares with his close associates is 15,168 shares and

23,461 share options;

- Otto Backer Solberg (Director Communication), 638 shares. Otto Backer

Solberg's new aggregate holding of shares with his close associates is 4,638

shares and 23,461 share options;

- Cathrine Fredhøi (Observer to the Board), 638 shares. Cathrine Fredhøi's new

aggregate holding of shares with her close associates is 1,229 shares;

- Nadine Ramsberg (Observer to the Board), 638 shares. Nadine Ramsberg's new

aggregate holding of shares with her close associates is 638 shares;

- Fredrik Skuland Olsen (Group Business Controller), 638 shares. Fredrik Skuland

Olsen's new aggregate holding of shares with his close associates is 4,638

shares;

and

- Morten Evenrud (Finance Manager), 638 shares. Morten Evenrud's new aggregate

holding of shares with his close associates is 4,339 shares.

The shares will be transferred from Webstep to the purchasers as soon as

practically possible.

Contact details for further information:

Liv Annike Kverneland, CFO

Cell: +47 911 51 110

Email : ir@webstep.com

Website :  (http://www.webstep.com)www.webstep.com

Webstep ASA is a provider of consultancy services to the private and public

sector, with the IT expertise necessary to deliver the most demanding

digitalisation and IT services.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 Trading Act.