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Dato/tid 03.10.2017 16:28
Utsteder Webstep ASA
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Tittel Webstep - Status of bookbuilding
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.
Oslo, 3 October 2017: Reference is made to the stock exchange announcement of 26
September 2017, regarding the publication of the prospectus and the commencement
of the bookbuilding and application period in Webstep ASA's initial public
offering (the "IPO") . Webstep ASA has been informed that the Managers (as
defined below) have received orders such that the IPO is oversubscribed within
the indicative price range, including the shares which may be over-allotted.

Arctic Securities AS, SpareBank 1 Markets AS and SpareBank 1 SR-Bank ASA,
Markets (jointly the "Managers"), are acting as joint global coordinators and
joint bookrunners in the Offering.

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 (http://www.webstep.no)

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.

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.

This information is subject to the disclosure requirements pursuant to Section 5
-12 of the Norwegian Securities Trading Act.

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