ACQUISITION OF SHARES IN TEKI SOLUTIONS AND NORDIALOG ASKER

Reference is made to the stock exchange announcement by Techstep ASA (the “Company” of “Techstep”) on 2 February 2017 in which the Company announced its intention to
acquire the remaining 21.84 per cent of the shares in Teki Solutions AS (the “Teki Solutions Shares”) and the remaining 50 per cent of the shares in Nordialog Asker AS
(the “Nordialog Asker Shares”).

The Company is pleased to announce that it has on 8 February 2017 entered into binding agreements to acquire the Teki Solutions Shares and the Nordialog Asker Shares.
The Company will as a result of these transactions issue 7,515,325 new Techstep shares (the “Consideration Shares”) to the sellers of the Teki Solutions Shares and the
Nordialog Asker Shares.

The purchase price for the Nordialog Asker Shares will be settled by a vendors note in the amount of NOK 2.025 million and 934,615 Consideration Shares. Closing is expected to take place within 14 business days. The Seller has a lock-up on the Consideration Shares for a period of 12 months after the closing of the transaction.

The purchase price for the Teki Solutions Shares (including certain shareholder loans), and will be settled by 6,580,710 Consideration Shares. Closing is expected to take place not later than 1 March 2017. The sellers will have a lock-up on the Consideration Shares with 1/3 until 7 November 2017, 1/3 until 7 May 2018 and 1/3 until 7 November 2018. As part of the transaction, the primary insiders Mads Vårdal (CIO of Techstep) and Rune Midthaug (CEO of Nordialog Oslo) will receive 5,019 and 11,543 Techstep shares respectively at a share price of NOK 4.3 per shares as payment for their current minority shareholding in Teki Solution. After Closing Mads Vårdal and Rune Midthaug will hold 5,019 and 11,543 Techstep shares respectively.

The Consideration Shares will be issued under Techstep’s current board authorizations to issue shares approved at the extraordinary general meeting held at 4 November 2016.
The Consideration Shares will be issued on a separate ISIN pending approval and publication of a listing prospectus which is currently being prepared by the Company. Following
publication of the prospectus, the Consideration Shares will be transferred to the ordinary ISIN of the Company and will from such time be admitted to trading on Oslo Børs.

For further 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 acc. to §5-12 vphl (Norwegian Securities Trading Act).