Webstep ASA: Resolution to distribute dividend of NOK 1.60 per share

Oslo, 13 October 2020. At a board meeting today, the Board of Webstep ASA (the "Company") resolved to distribute a dividend of NOK 1.60 per share based on the Company's net profit for the 2019 financial year.

The total dividend will amount to NOK 42.7 million, which corresponds to 118% of the net profit for 2019. The Board has utilised its authorisation to resolve distribution of dividends of maximum NOK 1.60 per share, as granted by the Annual General Meeting on 7 May 2020.

The dividend will be payable to the shareholders of the Company as of 14 October 2020, as registered in the Company's shareholder register in the VPS on 16 October 2020 (the record date). The shares will be traded exclusive of the right to dividends from and including 15 October 2020 (ex-date). The dividend will be distributed on 26 October 2020.

Contact details for further information:

Liv Annike Kverneland, CFO

Cell: +47 911 51 110

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 400 employees in Norway and Sweden. The company offers its services to more than 200 customers annually and has been recognised for its work environment.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.