COMPLETION OF ACQUISITION OF ALL THE SHARES IN BKE TELECOM AB

Reference is made to the stock exchange announcements made by Techstep ASA (“Techstep” or the “Company”) on 3 July 2017 regarding a binding agreement to acquire BKE Telecom AB (“BKE”).

Techstep is pleased to announce that the acquisition of BKE has been completed, and a total of 4,729,893 new consideration shares will today be issued by Techstep to the sellers of BKE.

Following issuance of the consideration shares and registration of the new share capital with the Norwegian Register of Business Enterprises, the share capital of the Company will be NOK 146,007,713 divided into 146,007,713 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 be admitted to trading on Oslo Stock Exchange under the ticker “TECH” and are tradable on Oslo Børs following registration of the new shares in the Norwegian Central Securities Depository.

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.