Reference is made to the stock exchange notice published by Techstep ASA ("Techstep" or the "Company") on 18 December 2020 regarding completion of the acquisition of shares in eConnectivity CC AB.

The share capital increase related to the acquisition has now been duly registered with the Norwegian Register of Business Enterprises. Following registration of the share capital increase, the Company's registered share capital is NOK 183,295,472 divided into 183,295,472 shares, each with a par value of NOK 1.

For more information, please contact:

Jens Haviken, CEO of Techstep: +47 930 90 070

Marius Drefvelin, CFO of Techstep: +47 958 95 690

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

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