Webstep ASA: Exercise of options

Oslo, 11 November 2021: Webstep ASA (the "Company") has completed an exercise window for vested options under its long-term incentive program, where in total 5.865 options have been exercised by 1 option holders.

The exercise price for the options exercised equals the volume-weighted average market price for the Company's shares on the Oslo Stock Exchange the six trading days prior to the grant date of the relevant options.

Each option exercised gives the option holder the right to receive one share in the Company, and the Company will settle the exercised options by transferring shares from its holding of own shares to the option holders having exercised options. Following the transfer of 5.865 shares to the option holders, the Company holds 53.694 own shares.

Contact details for further information:

Truls Oftedal Ellingsen, Interim CFO

Cell: +47 928 03 031

Email : ir@webstep.com

Website : www.webstep.com

Webstep ASA is a provider of consultancy services to the private and public sector, with the IT expertise necessary to deliver the most demanding digitalisation and IT services.The Webstep Group employs approximately 450 employees in Norway and Sweden. The company offers its services to more than 200 customers annually and has been recognised for its work environment.