Techstep ASA: Primary insider notification

Reference is made to the stock exchange notice from Techstep ASA (the "Techstep or Company") on 20 May 2021 regarding completion of a fully underwritten private placement raising gross proceeds of approximately NOK 100 million (the "Private Placement"). In order to arrange settlement for certain of the new shares to be delivered in the Private Placement, a share lending arrangement has been agreed with Datum AS pursuant to which Datum AS has agreed to lend out 22,222,222 shares in the Company. In the Private Placement, Datum was allocated 3,279,313 new shares in the Company. Datum AS is owned by the deputy board member Jan Haudemann -Andersen. Following completion of the Private Placement, Jan-Haudemann Andersen indirectly indirectly holds in aggregate 37,197,288 shares in Techstep, representing 18.1% of the shares and votes of the Company. The shares are held through Datum AS (35,597,288 shares) and Datum Vekst AS (1,600,000 shares). Further, Karbon Invest AS was allocated 2,355,554 shares in the Private Placement. Following completion of the Private Placement, Karbon Invest AS holds 21,804,349 shares in Techstep, representing 10.6% of the shares and votes of the Company. Chairman Jens Rugseth is a majority shareholder in Techstep. This information is subject to the disclosure requirements in the EU Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act. For further information, please contact: Marius Drefvelin, CFO, Techstep ASA: +47 958 95 Techstep is purpose- built to become a leading managed Mobility Services provider in the Nordics. Techstep combines device management, software, hardware and connectivity into a managed service. This enables enterprises and their employees to do their work across mobile devices and locations, with a high degree of security and operational stability. Techstep has 300 employees based in Norway, Sweden and Denmark, serving 500+ enterprise customers across various industries in the private and public sectors. The Company is listed on the Oslo Stock Exchange. For more information, please visit www.techstepasa.no.