Techstep ASA – Disclosure of large shareholdings

Reference is made to Techstep ASA’s stock exchange announcements on 29 September 2022 regarding the completion of the private placement (the "Private Placement") and the subsequent notification regarding notifiable transactions in connection with the Private Placement.

Datum AS ("Datum") and Karbon Invest AS ("Karbon") have on 29 September 2022 entered into a share lending agreement in connection with the Private Placement where Datum and Karbon have agreed to lend a total of 38,985,520 existing and tradable shares in Techstep ASA to Arctic Securities AS and Sparebank 1 Markets AS (the "Managers") to facilitate DVP settlement in tranche 1 of the Private Placement as follows:

(i) Datum has lent 19,492,760 shares, resulting in Datum holding (net of the lent shares and excluding the new shares allocated in tranche 2 of the Private Placement): a total of 28,526,166 shares in Techstep ASA, corresponding to 11.3% of the issued share capital of NOK 251,484,770 (reflecting the issued, but not registered, Tranche 1 shares but excluding the Tranche 2 shares to be issued by the EGM), thereby crossing the 15% threshold. 

(ii) Karbon has lent 19,492,760 shares, resulting in Karbon holding (net of the lent shares and excluding the new shares allocated in tranche 2 of the Private Placement): a total of 13,788,780 shares in Techstep ASA, corresponding to 5.5% of the issued share capital of NOK 251,484,770 (reflecting the issued, but not registered, Tranche 1 shares but excluding the Tranche 2 shares to be issued by the EGM), thereby crossing the 10% threshold.

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