Acting CEO appointed

Techstep ASA (the “Company”) hereby announces that the termination notice period for its Chief Executive Officer, Lonnie Schilling, has expired and, as a result, that Mr. Schilling no longer serves as CEO of the Company. The Company wishes to express its gratitude to Mr. Schilling for his contribution over the years.

By resolution of the Board of Directors of the Company, Fredrik Johansson, Chief Operating Officer and acting Chief Financial Officer, has assumed the position as acting Chief Executive Officer, pending the Board’s decision on a permanent Chief Executive Officer.

In connection with completion of the contemplated transaction with Teki Gruppen AS to acquire an additional 53.94% of the shares in Teki Solutions, the Company will establish a new management team to execute and further develop the new group’s revised strategy and growth ambitions.

For further information, please contact:

Fredrik Johansson, acting CEO of Techstep ASA, mobile: +46 70 352 91 90