Oslo, 29 August 2022: Webstep ASA (the "Company") has completed an exercise window for vested options under its long-term incentive program, where in total 23,711 options have been exercised by two option holders.

The exercise price for the options exercised equals the volume-weighted average market price for the Company's shares on the Oslo Stock Exchange the six trading days prior to the grant date of the relevant options.

Each option exercised gives the option holder the right to receive one share in the Company, and the Company will settle the exercised options by transferring shares from its holding of own shares to the option holders having exercised options. Following the transfer of 23,711 shares, the Company holds 29,983 own shares.