TECHSTEP ASA – REGISTRATION OF NEW SHARE CAPITAL

Reference is made to the stock exchange announcements from Techstep ASA (the “Company”) published on 3 February 2017 and 28 February 2017 regarding the completed private placement of 17,543,860 new shares in the Company (the “Private Placement”) and the approval of tranche 2 of the Private Placement by the extraordinary general meeting.

The NOK 5,263,158 share capital increase pertaining to the tranche 2 of the Private Placement has now been registered with the Norwegian Register of Business Enterprises. The new share capital of the Company is consequently NOK 139,201,429 divided into 139,201,429 shares, with each share having a nominal value of NOK 1.00.

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.

About Us

Techstep is positioning itself as a leading Nordic enabler of the digital workplace. Techstep’s “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 has approximately 200+ employees based in Norway and Sweden, serving close to 6,000 customers and 600,000 end users across various industries in the private and public sectors. The company had pro forma sales of approximately NOK 950 million in 2016, and is listed on the Oslo Stock Exchange. For more information, please visit http://techstepasa.no/.

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