Grant of share options to primary insiders in Techstep ASA

The Board of Directors of Techstep ASA has resolved to grant share options in connection with the company’s 2024 share option programme.

To incentivise and retain key personnel, the option programme for 2024 will include several key employees in addition to management. In total 1,800,000 share options have been granted, of which 990,000 to primary insiders, distributed as follows:

• Morten Meier, CEO, has been granted 350,000 share options and following this grant has a holding of a total of 350,000 share options
• Ellen Solum, CFO, has been granted 200,000 share options and following this grant has a holding of a total of 350,000 share options
• David Landerborn, Chief Operating Officer, has been granted 200,000 share options and following this grant has a holding of a total of 282,966 share options
• Bartosz Leoszewski, Chief Product & Technology Officer, has been granted 80,000 share options and following this grant has a holding of a total of 164,065 share options
• Sheena Lim, Chief Marketing Officer, has been granted 80,000 share options and following this grant has a holding of a total of 164,065 share options

Each share option, when exercised, gives the right to purchase one share in Techstep ASA.

The share options will become exercisable (vest) with 1/3 yearly after the grant date and must be exercised within five years from the grant date.

The strike price per share is NOK 8.75 (year 1), NOK 10.90 (year 2) and NOK 13.60 (year 3), respectively.

The terms of the 2024 share options programme were decided by the Board in February 2024, but execution of the programme and formal allocation of grants was postponed due to practical reasons. The grants are conditional and subject to appropriate resolutions being approved by the Annual General Meeting to be held on 27 May 2024.

Please see the attached form for primary insider notifications pursuant to MAR.

For more information:

Ellen Solum, CFO, Techstep ASA: +47 976 66 717

The information is subject to the disclosure requirements pursuant to the Market Abuse Regulation article 19 and section 5-12 of the Norwegian Securities Trading Act.