Webstep ASA: Mandatory Transaction Notification by Key Insiders and Closely Associated Persons

Oslo, February 23, 2022: Reference is made to the stock market announcement published by Webstep ASA (the “Company”) earlier today, the February 23, 2022concerning the decision of the Board of Directors of the Company to increase the share capital of the Company with NOK 77,902 through the issue of 77,902 new shares, each with a par value of NOK1.00to facilitate the delivery of new shares to option holders who exercised 77,902 options under the Company’s long-term incentive program.

The following senior insider of the Company has today, the February 23, 2022exercised options and subscribed to new Company shares during the exercise window.

Jakob Cardell, Country Manager Sweden, exercised 36,442 options. The main insider subscribed to 23,442 new shares of the Company at an exercise price of NOK19.90 per share and subscribed 13,000 new shares of the Company at an exercise price of NOK21.16 per share, in total NOK 741,576.

In addition, Embro Eiendom AS, a party closely related to the company’s board members Trond K. Johannesen and Trygve C. Moelent 72,902 Company shares to DNB Marketsa part of DNB Bank ASA under a share loan agreement entered into on February 23, 2022.

Reference is made to the attached trade notifications for details of trades made by key insiders and their closely related persons.

Contact details for more information:

Truls Oftedal Ellingseninterim financial director

Cell: +47 928 03 031

E-mail : [email protected]

Website: www.webstep.com

Webstep ASA is a provider of consultancy services to the private and public sectors, with the IT expertise to deliver the most demanding digitization and IT services. The Webstep Group employs approximately 470 employees in Norway and Sweden. The company offers its services to more than 250 clients annually and is recognized for its work environment.

https://news.cision.com/webstep-asa/r/webstep-asa–mandatory-notification-of-trade-by-primary-insiders-and-closely-related-persons,c3513127

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