TECH – NOTIFICATION OF MANDATORY TRADE BY EXECUTIVE MANAGEMENT OF TECHSTEP

11 October 2018 – Each of Jens Haviken (CEO), Marius Drefvelin (CFO), and Paulsen Invest & Management AS, a company wholly owned by Inge Paulsen (COO), have today acquired shares in Techstep ASA.

Jens Haviken has acquired 100,000 shares at a price of NOK 2.50 per share. Following the transaction, Jens Haviken owns 100,000 shares and holds 5,000,000 share options in Techstep ASA.

Marius Drefvelin has acquired 40,000 shares at a price of NOK 2.50 per share. Following the transaction, Marius Drefvelin owns 40,000 shares and holds 1,500,000 share options in Techstep ASA.

Paulsen Invest & Management AS has acquired 100,000 shares at a price of NOK 2.50 per share. Following the transaction, Inge Paulsen and his related parties own 150,000 shares and Inge Paulsen holds 1,000,000 share options in Techstep ASA.

All options are granted pursuant to Techstep ASA’s employee option scheme and are subject to the terms and conditions of the employee option scheme.

This notification is made with reference to section 4-2 of the Norwegian Securities Trading Act.