Techstep ASA - Mandatory notification of trade in connection with Private Placement

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 to 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").

Following the approval of the Private Placement by the Company's board of directors (the "Board") the following primary insiders and close associates of primary insiders have subscribed for, and been allocated, Offer Shares in the Private Placement at the Offer Price as follows:

• Datum AS has been allocated 512,463 Offer Shares. Datum AS is a close associate of member of the board of directors of the Company (the "Board"), Harald Arnet.

• Karbon Invest AS has been allocated 383,927 Offer Shares. Karbon Invest is a close associate of member of the Board, Jens Rugseth.

• Michael Jacobs, chairman of the Board, has been allocated and subscribed 20,000 Offer Shares.

• Mia Unhjem Meier, a close associate of Morten Meier the CEO of the Company, has been allocated and subscribed 50,000 Offer Shares.

Primary insider notifications pursuant to the EU Market Abuse Regulation Article 19 are attached.

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.