Oslo, 4 December 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") and the stock exchange announcement on 24 November 2020 regarding applications received from primary insiders in the Offer.

The application period for the Offer commenced on 23 November 2020 at 09:00 hours (CET) and expired today, on 4 December 2020, at 16:30 hours (CET) (the "Application Period").

The purchase price for the shares in the Offer has, prior to the offered discount of 20%, been set to NOK 22.83 per share, which equals the volume weighted average market price for the shares in Webstep in the Application Period. The purchasers will receive a 20% discount on the purchase price for the shares acquired by them in the Offer.  

Based on the applications received during the Application Period, Webstep has allocated a total of 234,074 shares to the employees participating in the Offer. Following this sale, Webstep owns 59,559 own shares.

The following primary insiders have purchased a total of 4,376 shares in the Offer:

- Liv Annike Kverneland (CFO and interim CEO), 1,094 shares. Liv Annike Kverneland's new aggregate holding of shares with her close associates is 35,983 shares and 98,884 share options;

- Arnt Roger Aasen (Director Communication), 1,094 shares. Arnt Roger Aasen's new aggregate holding of shares with his close associates is 16,262 shares and 49,461 share options;

- Cathrine Fredhøi (Observer to the Board), 1,094 shares. Cathrine Fredhøi’s new aggregate holding of shares with her close associates is 1,685 shares;

and

- Anders Bjørnestad (Observer to the Board), 1,094 shares. Anders Bjørnestad’s new aggregate holding of shares with her close associates is 4,795 shares.

The shares will be transferred from Webstep to the purchasers as soon as practically possible.