Techstep ASA - Notifiable transaction in connection with Private Placement

Reference is made to Techstep ASA’s (“the Company” or “Techstep”) stock exchange announcement on 29 September 2022 regarding the completion of the private placement (“private placement”) and the announcement on 21 October 2022 regarding the completion of the extraordinary general meeting.

Datum AS ("Datum") has on 24 October 2022 entered into a share lending agreement in connection with the private placement where Datum has agreed to lend a total of 17,710,190 existing and tradable shares in Techstep ASA to Arctic Securities AS and Sparebank 1 Markets AS (the "Managers") to facilitate partial DVP settlement of the Tranche 2 shares in the Private Placement.

Please see the attached form for more information.

For further information, please contact:

Anita Huun, CFO, Techstep ASA: +924 11 563

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