StepStone ASA – Results of EGM

14 December 2009, Oslo – The Board (the “Board”) of StepStone ASA (“StepStone” or “the Company”) confirms the results of an Extraordinary General Meeting (“EGM”) held today, 14 December 2009, in Oslo. The chairman of the meeting noted that the board of directors has suggested to derogate from the notice period for the extraordinary general meeting as the company has only one shareholder (Axel Springer AG), and that the calling notice did not contain the descriptions mentioned in section 2 of Regulation 2009-07-06-983 cf. section 5-11b of the Public Limited Liability Companies Act as the Company´s sole shareholder is familiar with the relevant matters. The calling notice and the agenda were unanimously approved by the general meeting.

Results of EGM on 14 December 2009:

De-listing of the shares of the company from Oslo Børs

In accordance with the Board’s proposal, the general meeting unanimously resolved as follows:

“StepStone ASA shall promptly apply to Oslo Børs for a de-listing of its shares from quotation at Oslo Børs.”

Nomination committee

In accordance with the Board’s proposal, the general meeting unanimously resolved as follows:

“The company shall not have a nomination committee. The fifth, sixth and seventh sentence of paragraph 6 of the articles of association shall be deleted.”

Cancellation of LSE listing

Following the passing of the above resolutions, the Company also announces its intention to apply to the UK Listing Authority (“UKLA”) to cancel the secondary listing of the Depository Interests over ordinary shares of the Company from the Official List of the UKLA and to request that trading in those securities on the London Stock Exchange be cancelled.

It is anticipated that this cancellation will take effect as of the end of trading on Thursday 15 January 2010.


Contact : Ian Cole, CFO,
Tel : + 44 7808 946404