COMPLETION OF ACQUISITION OF SHARES IN TEKI SOLUTIONS AND NORDIALOG ASKER

Reference is made to the stock exchange announcement made by Techstep ASA (“Techstep” or the “Company”) on 2 February 2017 regarding binding agreements 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”).

Techstep is pleased to announce that the acquisition of the Teki Solutions Shares and the Nordialog Asker Shares have been completed, and a total of 7,515,325 new consideration shares will today be issued by Techstep to the sellers of the Teki Solutions Shares and the Nordialog Asker Shares.

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 133,938,271 divided into 133,938,271 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 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.