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Dato/tid 26.09.2017 08:11
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Tittel Webstep ASA - Publication of prospectus and commencement of bookbuilding and application
Tekst
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN 
OR INTO THE UNITED STATES,
CANADA, AUSTRALIA, THE HONG KONG SPECIAL ADMINISTRATIVE 
REGION OF THE PEOPLE'S
REPUBLIC OF CHINA, SOUTH AFRICA OR JAPAN OR ANY OTHER 
JURISDICTION IN WHICH THE
DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER 
RESTRICTIONS ARE APPLICABLE. PLEASE
SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.

Webstep ASA - Publication of prospectus and commencement of 
bookbuilding and application period for the IPO

Oslo, 26 September 2017: Reference is made to the stock 
exchange announcement of 25 September 2017, whereby Webstep 
ASA ("Webstep" or the "Company", OSE ticker "WSTEP") 
announced the terms of its initial public offering of its 
shares (the "IPO").

The prospectus for the IPO (the "Prospectus") was approved 
by the Financial Supervisory Authority of Norway on 25 
September 2017. The Prospectus is published today, 26 
September 2017, and is, subject to regulatory restrictions 
in certain jurisdictions, available at www.webstep.com,
www.arctic.com, www.sb1markets.no and 
www.sr-bank.no/markets. Hard copies of the Prospectus
may be obtained free of charge from the same date by 
contacting one of the Managers (as defined below) or the at 
the offices of the Company at Lilleakerveien 8, 0283 Oslo, 
Norway.

As announced, the bookbuilding period for the institutional 
offering in the IPO will commence today, 26 September 2017 
at 09:00 hours (CET) and end on 9 October 2017 at 16:00 
hours (CET). The application period for the retail offering 
and the employee offering in the IPO will commence today,
on 26 September 2017 at 09:00 hours (CET) and end on 9 
October 2017 at 12:00 hours (CET). The bookbuilding period 
and the application period may be shortened or extended at 
any time.

Arctic Securities AS, SpareBank 1 Markets AS and SpareBank 1 
SR-Bank ASA (jointly the "Managers") are acting as joint 
global coordinators and joint bookrunners in the IPO. 
Advokatfirmaet Thommessen AS acts as legal counsel for the 
Company and Reiten and Advokatfirmaet CLP DA acts as legal 
counsel for the Managers.

Enquiries
Kjetil Eriksen, CEO Webstep, +47 982 98 008
Anders Løken, CFO Webstep, +47 977 69 200

About Webstep ASA
Webstep ASA and its subsidiaries form the Webstep Group, a 
high-end provider of IT consultancy services in Norway and 
Sweden. Since its incorporation in 2000, the Webstep Group 
has offered IT services designed to address its customers' 
software needs by creating functional custom-made digital 
tools and applications optimizing the customers' business 
strategies. Webstep aims to be at the forefront of the 
technological development and to assist its customers in 
their digitalisation through the offering of cutting-edge IT 
expertise. The Webstep Group's core digitalisation offering
consists of digitisation, cloud implementation, migration 
and integration, in addition to its other core focus areas 
Internet of Things (IoT), machine learning and analytics. An 
important part of the Webstep Group's strategy is to employ 
and offer only senior IT consultants with significant
experience. As of 30 June 2017, the Webstep Group employed 
393 employees, of which 350 were IT consultants. For more 
information visit www.webstep.com

Important Notice
This announcement is not and does not form a part of any 
offer for or invitation to sell or issue, or any 
solicitation of an offer to purchase or subscribe for any 
shares or any other securities nor shall it (or any part of 
it) or the fact of its distribution, from the basis of, or 
be relied upon in connection with, any contract therefor.

Copies of this announcement are not being made and may not 
be published, distributed, transmitted or sent, directly or 
indirectly, in or into the United States, Australia, the 
Hong Kong Special Administrative Region of the People's 
Republic of China, Canada, Japan, South Africa or any other
jurisdiction in which such distribution would be unlawful or 
would require registration or other measures.

The securities referred to in this announcement have not 
been and will not be registered under the U.S. Securities 
Act of 1933, as amended (the "Securities Act"), or any 
securities laws of any state or other jurisdiction of the 
United States and accordingly may not be offered or sold in 
the United States absent registration or an applicable 
exemption from the registration requirements of the
Securities Act and in accordance with applicable U.S. state 
securities laws. The Company does not intend to register any 
part of the offering in the United States or to conduct a 
public offering of securities in the United States. Any sale 
in the United States of the securities mentioned in this
announcement will be made solely to "qualified institutional 
buyers" as defined in Rule 144A under the Securities Act.

Any offering of securities will be made by means of a 
Prospectus that will contain detailed information about the 
Company and its management, as well as financial statements. 
This announcement is an advertisement and not a Prospectus 
for the purposes of Directive 2003/71/EC, as amended 
(together with any applicable implementing measures in any 
Member State, the "Prospectus Directive"). Investors should 
not subscribe for any securities referred to in this
announcement except on the basis of information contained in 
the Prospectus.

In any EEA Member State other than Norway that has 
implemented the Prospectus Directive, this communication is 
only addressed to and is only directed at "qualified 
investors" in that Member State within the meaning of 
Article 2(1) (e) of the Prospectus Directive ("Qualified 
Investors"), i.e., only to investors to whom an offer of 
securities may be made without the requirement for the
Company to publish a Prospectus pursuant to Article 3 of the 
Prospectus Directive in such EEA Member State.

This communication is only being distributed to and is only 
directed at persons in the United Kingdom that are (i) 
investment professionals falling within Article 19(5) of the 
Financial Services and Markets Act 2000 (Financial 
Promotion) Order 2005, as amended (the "Order") or (ii) high 
net worth entities, and other persons to whom this 
announcement may lawfully be communicated, falling within 
Article 49(2)(a) to (d) of the Order (all such persons 
together being referred to as "relevant persons"). This 
communication must not be acted on or relied on by persons 
who are not relevant persons. Any investment or investment 
activity to which this communication relates is available 
only for relevant persons and will be engaged in only with 
relevant persons. Persons distributing this communication 
must satisfy themselves that it is lawful to do so.

Matters discussed in this announcement may constitute 
forward-looking statements. Forwardlooking statements are 
statements that are not historical facts and may be 
identified by words such 
as "believe", "expect", "anticipate", "strategy", "intends", 
"estimate", "will", "may", "continue","should" and similar 
expressions. The forward-looking statements in this release 
are based upon various assumptions, many of which are based, 
in turn, upon further assumptions. Although the Company 
believes that these assumptions were reasonable when made, 
these assumptions are inherently subject to significant 
known and unknown risks, uncertainties, contingencies and 
other important factors which are difficult or impossible to 
predict and are beyond its control. Such risks, 
uncertainties, contingencies and other important factors 
could cause actual events to differ materially from the 
expectations expressed or implied in this release by such 
forward-looking statements. The information, opinions and 
forward-looking statements contained in this announcement 
speak only as at its date, and are subject to change without 
notice. The Company does not undertake any obligation to 
review, update, confirm, or to release publicly any 
revisions to any forward-looking statements to reflect 
events that occur or circumstances that arise in relation to
the content of this announcement.

This announcement does not constitute a recommendation 
concerning the IPO. The price and value of securities and 
any income from them can go down as well as up. Past 
performance is not a guide to future performance. 
Information in this announcement or any of the documents 
relating to the IPO cannot be relied upon as a guide to 
future performance. There is no guarantee that the listing on
Oslo Børs will occur and you should not base your financial 
decisions on the Company's intentions in relation to the 
listing at this stage. Potential investors should consult a 
professional advisor as to the suitability of the IPO for 
the entity concerned.

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