Oslo, 27 November 2025 at 07:00 CET: Techstep has entered into a non-binding
term sheet regarding a potential divestment of its Business Critical Mobility
business (the "BCM Business") to IDnet AB, a subsidiary of Lexit Group AS, (the
"Transaction"), with negotiations having progressed to an advanced stage.

The BCM Business was acquired as part of Techstep's acquisition of OptiDev AB in
2021 and represents a market segment separate from the company's core
operations. The contemplated divestment aligns with Techstep's intention to
streamline operations and sharpen focus on its primary business areas.

"A divestment of the BCM Business allows us to concentrate on what we do best -
enabling businesses to operate smartly, securely, and sustainably through mobile
technology and managed mobility services. It strengthens our financial position
and operational efficiency, while ensuring continuity for customers through a
strong partnership. It will also ensure a great home for our customers and
employees in BCM, becoming part of Lexit Group that focuses specifically on
"rugged" applications and frontline workers" said CEO of Techstep ASA Morten
Meier.

"We are excited about the opportunity to acquire the BCM business from Techstep.
This business has strong competencies, solutions, and customer relationships
that provide for a very natural fit with our existing business and our expansion
strategy", said Chairman of Lexit Group AS, Sjur Skjæveland.

The Transaction is expected to be structured as a carve-out of the BCM Business
and transferred by way of an asset sale or a share transfer following completion
of a carve-out into a newly established company. The parties are in the final
stages of the carve-out process, and Agreement is expected to be concluded in
December. Completion of the Transaction is subject to satisfactory completion of
the ongoing due diligence, execution of a definitive purchase agreement
containing customary terms and closing conditions, including completion of the
carve-out and regulatory approvals. The parties anticipate that the Transaction
will close early Q1-2026, however, no assurances can be given that the
Transaction will be consummated as set out in the non-binding term sheet or at
all.
The Company plans to apply the Transaction proceeds toward the repayment of its
interest-bearing debt and to enhance its financial flexibility to pursue
strategic growth initiatives.

For more information, please contact:

Morten Meier, CEO Techstep ASA: +47 970 57 717

Ellen Solum, CFO, Techstep ASA: +47 976 66 717

About Techstep ASA

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 2024. The
company is listed on the Oslo Stock Exchange under the ticker "TECH". To learn
more, please visit www.techstep.io.

About Lexit Group

Lexit Group is the largest player in the Nordics in the area that Techstep has
defined as Business Critical Mobility, i.e., solutions for data capture and
digitalization in operations throughout the value chain from production, in
warehouse and logistics and in retail. The Lexit Group has expanded
significantly over the last few years both through organic growth and
acquisitions. The Group has revenue of about 1,7bn NOK and about 300 employees.
Techstep's BCM business would become part of Lexit's Swedish subsidiary, Idnet
AB.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to MAR article 17 and section 5 -12 of the Norwegian Securities Trading
Act. This stock exchange release was published by Ellen Solum, at the time and
date set out above.