Techstep ASA: Signing of Agreement for divestment of Business Critical Mobility business in the Nordics

23 Dec 2025 18:55 CET

Reference is made to the stock exchange announcement from Techstep ASA
("Techstep" or the "Company") on 27 November 2025 regarding the potential
divestment of its Business Critical Mobility business (the "BCM Business") to
IDnet AB, a subsidiary of Lexit Group AS (the "Transaction").

Techstep has today signed a definitive agreement for the divestment of the BCM
Business to IDnet AB. The Transaction is expected to be completed during Q1 2026
following a successful carve-out of the BCM Business.

The purchase price for the BCM Business is SEK 136 million (corresponding to
approx. NOK 149 million based on current SEK/NOK exchange rate), subject to
certain adjustments in connection with the carve-out, including relating to
prepayments and inventory.

The proceeds from the Transaction will be used towards repayment of the
Company's interest-bearing debt.

The Transaction is further subject to customary closing conditions, including
regulatory approvals.

"Signing this agreement is an important milestone in our strategy to concentrate
on our core managed mobility services and scaling into Europe with our own
software solutions. This transaction strengthens our financial position whilst
ensuring continuity for customers and employees through a strong partnership
with Lexit Group," said CEO of Techstep ASA Morten Meier.

"We are very pleased to have reached this agreement with Techstep. The BCM
business is a natural fit with our existing operations and expansion strategy.
We look forward to welcoming the BCM team and customers to the Lexit Group,"
said Chairman of Lexit Group AS, Sjur Skjæveland.

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
operate 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
digitalisation in operations throughout the value chain from production, in
warehouse and logistics and in retail. The Group has revenue of about NOK 1.7
billion and about 300 employees. Techstep's BCM business will become part of
Lexit's Swedish subsidiary, IDnet AB.

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

More information:
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