Webstep ASA: Result of offer under share investment programme and share capital increase

Oslo, 10 June 2021: Reference is made to Webstep ASA's (the "Company") stock exchange announcement on 8 June 2021, regarding the offer of shares to certain management employees of the Company and its subsidiary Webstep AS and to the board members of the Company under a share investment programme (the "Offer"). The deadline for acceptance of the Offer expired today, on 10 June 2021, at 17:00 hours (CEST).

The offer price for the shares in the Offer has been set to NOK 22.41 (the "Offer Price"). The Offer Price equals the volume-weighted average share price for the Company's shares on the Oslo Stock Exchange during the ten trading days prior to 10 June 2021 with a discount of 21.7%.

Based on the applications received, the board of directors of the Company has allocated a total of 123,088 shares to the management employees and board members participating in the Offer.

Furthermore, the board of directors has, on the basis of an authorisation granted to it by the annual general meeting held on 28 April 2021, resolved to increase the share capital of the Company with NOK 123,088, by issuance of 123,088 new shares, each with a nominal value of NOK 1, for a subscription price equal to the Offer Price.

Following registration of the share capital increase with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret), the new share capital of the Company will be NOK 27,090,105, divided into 27,090,105 shares, each with a nominal value of NOK 1.

Contact details for further information:

Fredrik Rytter Skuland, Interim CFO

Cell: +47 406 39 433

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 the Continuing Obligations for Issuers of Shares in accordance with Oslo Rule Book II - Issuer Rules.

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