Techstep ASA: Divestment of Business Critical Mobility business completed

02 Feb 2026 21:09 CET

Reference is made to the stock exchange announcements from Techstep ASA
("Techstep" or the "Company") on 27 November 2025 and 23 December 2025 regarding
the divestment of its Business Critical Mobility business (the "BCM Business")
to IDnet AB, a subsidiary of Lexit Group AS (the "Transaction").

The Transaction has now been successfully completed. Following closing, IDnet AB
has assumed full ownership of the BCM Business.

The purchase price for the BCM business is SEK 136 million, subject to certain
adjustments in connection with the carve-out including relating to prepayments
and inventory. Net purchase price received is approximately SEK 117 million
(corresponding to approximately NOK 126.9 million).

Techstep has used the proceeds from the sale to repay its outstanding interest
-bearing debt of approximately NOK 147.8 million, thereby strengthening the
Company's financial position.

For further 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.

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