Techstep ASA - Issuance of Underwriting Commission Shares

Reference is made to the stock exchange announcement published by Techstep ASA (the "Company") on 2 November 2026 regarding the final results of the rights issue (the "Rights Issue"). The underwriters in the Rights Issue are entitled to NOK 8,329,999 in underwriting commission (corresponding to 10% of their underwriting. The underwriting commission shall be settled in the form of new shares in the Company to be issued at the subscription price in the Rights Issue (i.e. NOK 1) (the "Underwriting Commission Shares").

The issuance of 8,329,999 Underwriting Commission Shares has been resolved by the Board of Directors of the Company today, 6 November 2026, in accordance with the board authorization granted by the extraordinary general meeting of the Company held on 8 October 2026.

Following registration of the share capital increase pertaining to the issuance of the shares in the Rights Issue and the Underwriting Commission Shares with the Norwegian Register of Business Enterprises, the Company's new share capital will be NOK 143,192,733 divided on 143,192,733 shares, each with a par value of NOK 1.

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

For further information, please contact:

Håvard Haukdal, CFO +47 48106569 havard.haukdal@techstep.io

About Techstep

Techstep is a mobile and circular technology enabler delivering end-to-end device lifecycle management to more than 2,000 customers and managing over 3 million devices across Scandinavia, as well as globally through partners. The company is listed on Euronext Oslo Børs under the ticker TECH.