Techstep ASA – Disclosure of large shareholding and mandatory notification of trade

Reference is made to the stock exchange announcement published by Techstep ASA ("Techstep" or the "Company") on 9 October 2024 regarding the successful private placement and allocation of 2,777,777 new shares (the "Offer Shares") in the Company at a subscription price of NOK 10.80 per Offer Share (the "Offer Price") (the "Private Placement").

Reference is further made to the stock exchange announcement published by the Company on 10 October 2024 regarding the disclosure of large shareholding and mandatory notification of trade relating to the lending by Datum AS ("Datum"), controlled by Jan Haudemann-Andersen and a close associate of board member Harald Arnet, to Arctic Securities AS (the "Manager"), of 2,777,777 existing and tradable shares in Techstep, to facilitate DVP settlement in the Private Placement.

Today, following registration in the Norwegian Register of Business Enterprises ("NRBE") of the share capital increase pertaining to the Company's board of directors' resolution to issue the Offer Shares in the Private Placement, the Manager, has redelivered the 2,777,777 Offer Shares to Datum, as settlement of the borrowed shares described above.

Upon redelivery of the borrowed shares and following the share capital increase, Jan Haudemann-Andersen indirectly holds in aggregate 6,507,661 shares in the Company, representing 18.91% of the issued and registered share capital and votes in the Company. The shares are held through Datum (6,296,415 shares) and Datum Vekst AS (211,246 shares).  Consequently, Jan Haudemann-Andersen's shareholding in the Company has exceeded the 15% threshold pursuant to Section 4-2 (1) of the Norwegian Securities Trading Act.

Primary insider notification pursuant to the EU Market Abuse Regulation Article 19 is attached.

Following the registration of the Private Placement in the NRBE, board member Jens Rugseth indirectly holds in aggregate 4,929,459 shares in Techstep, representing 14.33% of the issued and registered share capital and votes in the Company. The shares are held through Karbon Invest AS (4,755,546 shares) and Rugz AS (173,913 shares). Consequently, Jens Rugseth's shareholding in the Company has fallen below the 15% threshold pursuant to Section 4-2 (1) of the Norwegian Securities Trading Act.

For further information, please contact:

Morten Meier, CEO, Techstep ASA: +47 970 57 717

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

About Techstep

Techstep is a mobile & circular technology company, enabling organisations to perform smartly, securely, and sustainably by combining mobile devices, software and expertise to meet customers' business and ESG goals. We are a leading provider of managed mobility services in Europe, serving more than 2,100 customers in Europe with an annual revenue of NOK 1.1 billion in 2023. The company is listed on the Oslo Stock Exchange under the ticker TECH. To learn more, please visit www.techstep.io.

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act, EU Market Abuse Regulation Article 19 and Euronext Oslo Rule Book II.