Techstep ASA: Grant of share options to primary insiders and repricing of existing options

In accordance with the authorisation granted by the annual general meeting on 23 May 2023, the Board of Directors of Techstep ASA has resolved to grant share options pursuant to the 2023 incentive program.

A total of 460,000 share options have been granted to primary insiders, distributed as follows:

• Børge Astrup (CEO) has been granted 50,000 share options and following this grant has a holding of a total of 500,000 share options
• Ellen Solum (CFO) has been granted 150,000 share options and following this grant has a holding of a total of 150,000 share options
• Mads Vårdal (Chief Product Officer) has been granted 50,000 share options and following this grant has a holding of a total of 199,738 share options
• Bartosz Leoszewski (Chief Technology Officer) has been granted 50,000 share options and following this grant has a holding of a total of 84,065 share options
• David Landeborn (Chief Delivery & Advisory Officer) has been granted 60,000 share options and following this grant has a holding of a total of 82,966 share options
• Sheena Lim (Chief Marketing Officer) has been granted 50,000 share options and following this grant has a holding of a total of 84,065 share options
• Ellen Skaarnæs (Chief People Officer) has been granted 50,000 share options and following this grant has a holding of a total of 84,065 share options

Each share option 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. The exercise price is NOK 18.7 per share.

To maintain the purpose of the share options incentive programme, the Board of Directors have further decided a repricing of options previously issued with vesting in 2024, 2025 and 2026, respectively. The repricing of existing options is as follows:

• Options vesting in 2024: NOK 21.70
• Options vesting in 2025: NOK 25.60
• Options vesting in 2026: NOK 29.50

Please see the attached forms 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.