Oslo, 15 February  2024: Webstep ASA reports revenues of NOK 262.1 million (NOK
246.4 million) and a negative EBIT of NOK 26.7 million (positive NOK 11.8
million) for the fourth quarter of 2023.

EBIT is impacted by one-off costs at NOK 35.0 million. The anticipated value of
future results in a declining Swedish market necessitates impairment of
acquisition related goodwill for Webstep Sweden at NOK 25.0 million. In addition
to severance packages for reductions in administrative staff and change of CEO
that amounts to NOK 10 million. EBIT adjusted for these one-off costs is NOK 8.3
million for the quarter. Net profit for the fourth quarter was negative by NOK
28.1 million (positive NOK 7.8 million).

For the full year Webstep reports revenues of NOK 1,000.0 million (NOK 888.4
million). EBIT ended at NOK 18.5 million (NOK 54.6 million). EBIT adjusted for
one-off costs at NOK 35 million amounts to NOK 53.5 million for the full year.
Net profit for the full year was NOK 3.7 million (NOK 38.4 million).

- Our core task in the fourth quarter has been to establish a solid foundation
for a stronger margin outlook going forward through organisational adjustments,
a strong emphasis on sales and consistent business development. In a challenging
year for Norway and Sweden, Webstep reached a turnover of NOK 1 billion through
teamwork and dedication. I am proud of this accomplishment, and it inspires me
as we head into 2024, says CEO Kjetil Bakke Eriksen.

The Board of Directors intends to propose a dividend of NOK 1.00 per share. The
proposed dividend distribution will be on the agenda for the Company's annual
general meeting to be held on 16 May 2024.

Total equity on 31 December was NOK 359.2 million (NOK 393.4 million),
corresponding to an equity ratio of 50.7 per cent (58.0 per cent). Cash and cash
equivalents 31 December were NOK 75.5 million (NOK 62.3 million). The Group had
a net free cash flow of NOK 81.8 million (NOK 35.7 million) for the fourth
quarter.

Contact details for further information:

Ida Amalie Oma, CFO

Cell: +47 906 30 276

Email: ir@webstep.com

Website : www.webstep.com

Webstep ASA is a provider of consultancy services to the private and public
sector, with the IT expertise necessary to deliver the most demanding
digitalisation and IT services.

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