Techstep ASA: Changes to the Board - nomination of Michael Jacobs as new chairperson

24 Jan 2023 09:00 CET

Jens Rugseth will step down as chairperson of the Board and remain as an
ordinary board member. The nomination committee of Techstep ASA ("Techstep")
proposes that the current board member Michael Jacobs is elected as new
chairperson of the Board.

"Being a chairperson requires close follow-up of the company, which is
challenging from abroad. I am therefore very happy that Michael wants to take
this position, as he brings valuable experience from transformation and
executive positions in leading international technology companies. I remain very
confident in Techstep's strategy and future prospects. Especially in these times
of economic uncertainty, the company's value proposition is attractive to all
organisations that are concerned with costs, sustainability and mobile
security", Jens Rugseth comments.

Michael Jacobs is the Executive Vice President of the Nordics at Crayon ASA. He
has more than 30 years' experience from extensive management positions from
several international technology companies. He previously was the CEO of Fell
Tech and before that he was the CEO of Atea Norway, where he improved its
business performance and lead the transformation to more value-added services.
He also served as the Managing Director of Microsoft Norway and the Managing
Director for the Nordics at Dell. He has a degree from California Lutheran
University and continuing education from, among others, Harvard University. He
is a Norwegian citizen, living in Oslo, Norway.

Techstep will convene for an extraordinary general meeting (EGM) for the
approval of the changes to the Board.

For further information, please contact:

Børge Astrup, CEO, Techstep ASA: +47 928 27 676

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

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