ACQUISITION OF MYTOS AS IS COMPLETED

Reference is made to the stock exchange announcement made by Techstep ASA (“Techstep” or the “Company”) on 2 February 2017 regarding a binding agreement to acquire the entire share capital of Mytos AS (the “Transaction”) and the mandatory notification of trade on the same date regarding Mytos Systems AS’ (“Mytos Systems”) acquisition of 11,666,667 new consideration shares in the Company upon completion of the Transaction.

Techstep is pleased to announce that the Transaction has been completed, and a total of 11,666,667 new consideration shares will today be issued by Techstep to Mytos Systems, the seller in the Transaction. Following issuance of the consideration shares, Mytos Systems will hold 11,666,667 shares and votes in Techstep after the Transaction representing 9.2% of the shares and votes of Techstep.

Following issuance of the consideration shares and registration of the new share capital with the Norwegian Register of Business Enterprises, the capital of the Company will be NOK 126,422,946 divided into 126,422,946 shares, each with a par value of NOK 1. A separate announcement will be made when the registration of the share capital increase is completed.

The consideration shares will not be admitted to trading on Oslo Stock Exchange until the Financial Supervisory Authority of Norway has approved, and Techstep has published, a prospectus which is expected to take place in April. Pending such approval and publication, the consideration shares will be issued in VPS with a separate and interim ISIN. A separate announcement will be made when the shares are transferred to the ordinary ISIN of the Company.

For more information, please contact:

Gaute Engbakk, CEO of Techstep: +47 91633281

Marius Drefvelin, CFO of Techstep: +47 95895690

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.