TECHSTEP ASA: ANNUAL REPORT 2016

On 23 March 2017, the Board of Directors of Techstep ASA approved the financial statements for 2016 for issuance, subject to approval by the Annual General Meeting on 27 April 2017. Please find attached the Techstep Annual Report 2016 with financial statements for 2016.

For further 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 Techstep

Techstep has established itself as a B2B provider of mobility and communications services in Norway. Digitization of society and business is changing the mentality of the telecom industry as well as the organizations and people it serves. Focus is moving from infrastructure and devices to value adding services. This creates new market opportunities, and Techstep, along with its subsidiaries, are building and expanding their market offerings to become the preferred provider of the digital workplace and enterprise mobility solutions in the Nordics. The strategy for building the solutions platform is through organic innovation, acquisitions and partnerships with an aim to become a fully integrated digital solutions provider. In pursuit of the growth strategy, Techstep is backed by long-term investors known for creating value through transformation.

Techstep has two main business segments: Hardware, represented by Nordialog Oslo, and Solutions, represented by SmartWorks and Mytos. Nordialog Oslo represents one of Telenor’s key distribution channels of devices and mobile subscriptions to the Norwegian business segment. All three companies are wholly owned by Techstep. In addition, Techstep has entered into binding agreements to acquire the Norwegian telecom mobility hardware company Apro Tele og Data AS and the Swedish Enterprise Mobility Management provider InfraAdvice Sweden AB.