Mandatory notification of trade

Mandatory notification of trade

06 May 2022 07:02 CEST

Reference is made to the notification by Techstep AS on 6 May 2022 regarding
having signed an agreement to acquire the entire share capital of Crypho AS.

Following the transaction, Karbon Invest AS has agreed to sell its 33.50%
shareholding in Crypho AS and subscribe for 123,579 new shares in Techstep ASA
(the "Company") at a price of NOK 3.25 per share (based on 90-day VWAP).

Karbon Invest AS is indirectly controlled by chairman of the board in the
Company, Jens Rugseth. Karbon Invest AS is directly controlled by Rugz AS and
Rugz II AS (together referred to as "Rugz") and Rugz is directly controlled by
Mr. Rugseth.

Following completion of the transaction, Karbon Invest AS will hold 21,927,928
shares in the Company, entailing an increase in ownership to approximately
10.44% of the outstanding shares in the Company.

Please refer to the attached notification of trading for further details.

This information is subject to disclosure requirements article 19 number 3 of
MAR and the Norwegian Securities Trading Act section 5-12.

More information:
Access the news on Oslo Bors NewsWeb site

561341_Notification_form_Karbon_Invest_4_MAY_2022.pdf

Source

Techstep ASA

Provider

Oslo Børs Newspoint