COMPLETION OF ACQUISITION OF ALL THE SHARES IN INFRAADVICE SWEDEN AB

Reference is made to the stock exchange announcement made by Techstep ASA (“Techstep” or the “Company”) on 13 March 2017 regarding a binding agreement to acquire InfraAdvice Sweden AB.

Techstep is pleased to announce that the acquisition of InfraAdvice Sweden AB has been completed, and a total of 743,059 new consideration shares will today be issued by Techstep to the seller of InfraAdvice Sweden AB.

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 139,944,488 divided into 139,944,488 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 end of 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.