TECHSTEP: COMPLETED EXTRAORDINARY GENERAL MEETING

Reference is made to the stock exchange announcement made by Techstep ASA (“Techstep” or the “Company”) on 3 February 2017 regarding notice of an extraordinary general meeting.

The extraordinary general meeting was held today, 28 February 2017. The general meeting approved all resolutions as proposed by the Board of Directors of Techstep, including issuance of 5,263,158 new shares (“New Shares”) pursuant to the private placement as announced on 2 February 2017. The minutes are attached to this notice.

The payment date for the New Shares has been set to no later than 30 March 2017, and following issuance of such New Shares and registration of the new share capital with the Norwegian Register of Business Enterprises, the share capital of the Company will be NOK 139,201,429 divided into 139,201,429 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 New 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.