Reference is made to Techstep ASA's ("Techstep" or the "Company") announcement
on 3 September 2020 regarding its binding agreement to acquire 100 % of the
shares in Optidev AB ("Optidev").

Techstep has today now completed the acquisition and assumed 100% ownership of
Optidev.

The purchase price for Optidev has partly been settled by the issuance of new
Techstep shares, and the board of directors of Techstep has thus resolved to
issue 19,744,177 new shares at a par value of NOK 1 per share (the
"Consideration Shares") to the sellers of Optidev.

The Consideration Shares are issued pursuant to the existing authorization for
the Company's board of directors to increase the share capital, as adopted at
the ordinary general meeting held on 22 June 2020. Following the resolution,
Techstep's new share capital is NOK 182,539,514 divided into 182,539,514 shares,
each with a par value of NOK 1. The Company will register the new share capital
with the Norwegian Register of Business Enterprises and issue a separate
announcement when the registration of the share capital increase is completed.
Once the registration of the share capital increase is completed, the
Consideration Shares will be registered in the Norwegian Central Securities
Depository and admitted to trading on the Oslo Stock Exchange.

Following the issuance of the Consideration Shares, Optidev Holding AB (i) has
acquired 18,938,797 shares in Techstep, and (ii) holds thereafter 18,938,797
shares and votes in the Company, representing approximately 10.38 % of the of
outstanding shares and votes in the Company. Optidev Holding AB is directly
controlled by Christian Lunding and Fredrik Logenius.

Following the issuance of the Consideration Shares, the indirect ownership of
the deputy board member Jan Haudemann-Andersen of 33,917,975 shares and votes in
the Company has decreased from 20.83% to 18.58 % of the outstanding shares and
votes in the Company. The number of shares indirectly held has not changed as a
result of the share capital increase. The shares are held through Datum AS
(32,317,975 shares) and Datum Vekst AS (1,600,000 shares).

Following the issuance of the Consideration Shares, the indirect ownership of
the chairman Jens Rugseth of 18,236,689 shares and votes in the Company has
decreased from 11.20 % to 9.99% % of the outstanding shares and votes in the
Company. The shares are indirectly held through Karbon Invest AS, and the number
of shares indirectly held has not changed as a result of the share capital
increase.

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 Sections
4-3 and 5-12 the Norwegian Securities Trading Act