TECHSTEP ASA – FULLY UNDERWRITTEN PRIVATE PLACEMENT OF NOK 25 MILLION
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN CANADA, JAPAN, AUSTRALIA OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. Techstep ASA (“Techstep” or the “Company”) announces a fully underwritten private placement of approximately NOK 25 million. The subscription price will be NOK 3.15 per share (the “Offering”). The net proceeds from the Offering will be used to finance the cash consideration for the contemplated acquisition of Wizor AS (see separate stock announcement) and general corporate