Webstep

Share Issue/Capital Change • Oct 16, 2019

Webstep ASA: Share Savings Plan – transfer of shares

Oslo, 16 October 2019. Reference is made to the stock exchange announcement by Webstep ASA ("Webstep") on 11 October 2019 regarding the expiry of the vesting period of the employee saving shares and the transfer of matching shares to eligible employees.

Webstep has transferred in total 72,411 shares to the 147 employees who were eligible for the transfer of Matching Shares in accordance with the Share Savings Plan.

Transfers made to primary insiders:

• Arnt Roger Aasen, 1,244 Matching Shares. Following the transfer, Mr. Aasen's new aggregate holding of shares with his close associates is 124,530.
• Anders Bjørnestad, 622 Matching Shares. Following the transfer, Mr. Bjørnestad's new aggregate holding of shares with his close associates is 23,701.
• Carl Olof Jakob Cardell, 1,020 Matching Shares. Following the transfer, Mr. Cardell's new aggregate holding of shares is 25,020.
• Morten Evenrud, 622 Matching Shares. Following the transfer, Mr. Evenrud's new aggregate holding of shares is 3,701.
• Rolf Helle, 497 Matching Shares. Following the transfer, Mr. Helle's new aggregate holding of shares with his close associates is 29,745.
• Marianne Styrman, 1,244 Matching Shares. Following the transfer, Mrs. Styrman's new aggregate holding of shares is 19,056.

The Company has used its holding of treasury shares to settle its obligations towards the Employees. Following the transfer of Matching Shares, the Company holds 414,016 own shares.

Contact details for further information:

Liv Annike Kverneland, CFO

Cell: +47 911 51 110

Email : ir@webstep.com

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.