SHARE OPTION GRANT TO CORPORATE MANAGEMENT TEAM

As previously announced, Techstep ASA (“Company” or “Techstep”) has strengthened its corporate management team by appointing Erik Haugen as the Company’s Chief Commercial Officer (CCO) and Inge Paulsen as the Company’s Chief Operating Officer (COO). Erik Haugen will assume its position as the Company’s CCO as of 1 October 2017, while Inge Paulsen has served as the Company’s COO since May 2017.

Through Erik Haugen’s and Inge Paulsen’s positions as key employees and members of the corporate management team of Techstep, the Board of Directors in Techstep has today granted 1 million share options to each of Erik Haugen and Inge Paulsen. The options vest in Three tranches with 1/3 per tranche, on the first, second and the Third anniversary after 1 March 2017 at a strike price of NOK 5.70, 6.50 and 7.00, respectively.

Neither Erik Haugen, Inge Paulsen nor their related persons own currently any shares or rights to shares in Techstep prior to the option grant. After the option grant, the total number of granted share options in the Company is 8 million and the Company has issued 1,41,277,820 shares, of which the Company owns 1,914 treasury shares. The option grant to Erik Haugen will become effective when he assumes the possession as the Company’s CCO.

This information is subject to the disclosure requirements pursuant to sections 4-2 and 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:
Gaute Engbakk, CEO, Techstep ASA: +47 916 33 281
Marius Drefvelin, CFO of Techstep: +47 958 95 690

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 employs approximately 160 team members based in Norway and Sweden, serving close to 5,000 customers and 450,000 end users across various industries in the private and public sector. The company had pro forma sales of approximately NOK 720 million in 2016 and is listed on Oslo stock exchange. For more information, please visit www.techstep.no.