AGREEMENT WITH CLOSELY RELATED PARTY

Techstep ASA (“Techstep”) has today entered into an agreement with Gture AS (“Gture”), whereby Gture will render certain consultancy services to Techstep and Nordialog Oslo As in connection with development of a new ecommerce solution for Techstep. Gture is controlled by Stein Erik Moe, who is also as a member of the board of directors of Techstep.

The agreement has been entered into on market terms, whereby Gture will charge an hourly fee for its services. The estimated value of the contract is NOK 5 million.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and the Continuing Obligations section 3.3.

For further information, please contact:
Gaute Engbakk, CEO, Techstep ASA: +47 916 33 281

Techstep ASA
Techstep is positioning itself as a leading Nordic enabler of the digital workplace. Techstep’s unique “Mobile as a Service” (MaaS) offering is a one-stop-shop solution, which combines hardware, subscription & connectivity, mobile device management, managed services and related software, in addition to financing. The MaaS solution enables enterprises to let employees do their work across mobile devices and locations, with a high degree of security and operational stability. Techstep has approximately 200+ employees based in Norway and Sweden, serving close to 5,000 customers and 600,000 end users across various industries in the private and public sector. The company had pro forma sales of approximately NOK 950 million in 2016 and is listed on Oslo stock exchange. For more information, please visit www.techstep.no.