Oslo, 24 November 2020. Reference is made to the stock exchange announcement by Webstep ASA ("Webstep") on 23 November 2020 regarding the offer of shares to employees (the "Offer").

The application period in the Offer commenced on 23 November 2020. As of today, 24 November 2020, the following primary insiders have applied for shares in the Offer: 

• Arne Lee Norheim (CEO), for an amount of NOK 25,000 (excluding the discount given in the Offer);
• Liv Annike Kverneland (CFO), for an amount of NOK 25,000 (excluding the discount given in the Offer);
• Arnt Roger Aasen (Board Member, Webstep AS), for an amount of NOK 25,000 (excluding the discount given in the Offer);
• Cathrine Fredhøi (Observer to the Board), for an amount of NOK 25,000 (excluding the discount given in the Offer) and
• Anders Bjørnestad (Observer to the Board), for an amount of NOK 25,000 (excluding the discount given in the Offer);

The total amount of shares acquired by the primary insiders and their aggregate holding of shares following the acquisition will be included in a stock exchange announcement following the expiry of the application period, when the purchase price for the shares in the Offer has been determined.