Mr. Steve Glanville reports

STEP ENERGY SERVICES LTD. ANNOUNCES APPOINTMENT OF NEW INDEPENDENT DIRECTOR RACHEL MOORE AND RETIREMENT OF DONNA GARBUTT

Step Energy Services Ltd. has appointed Rachel Moore as an independent director of Step's board of directors, effective Oct. 1, 2023. Ms. Moore is currently serving as the executive vice-president, corporate services, at Ovintiv Inc., a position she has held since January, 2020. Ms. Moore previously served as Ovintiv's vice-president, human resources, since January, 2015. Before joining Ovintiv, Ms. Moore held a variety of senior leadership positions, including executive vice-president, human resources, at Savanna Energy Services Corp., and vice-president, human resources, at Enerflex Systems Ltd. Ms. Moore currently serves on the board of directors for the Wilder Institute (Calgary Zoo) in support of wildlife conservation and previously served as the chair of the board for the United Way of Calgary and Area. Ms. Moore holds a bachelor of arts degree in political science and a master of business administration from the University of Calgary.

Steve Glanville, president and chief executive officer of Step, commented: "We are pleased to welcome Rachel as our newest member of our board of directors. We look forward to her contributions and the positive impact she will make as we continue to innovate, grow and reach new milestones."

Step also announces that Donna Garbutt will be retiring as a member of the board of directors effective Sept. 30, 2023. Ms. Garbutt has served as a member of the board since April, 2017, and was chair of Step's HSE (health and safety) committee.

Mr. Glanville adds: "On behalf of the board and management team, I want to express our appreciation to Donna for her significant contributions and exceptional leadership during her tenure on Step's board, where she also served as chair of Step's HSE committee. We extend our heartfelt gratitude for her commitment over the last six years and wish her a fulfilling and happy retirement."

Following the retirement of Ms. Garbutt and the appointment of Ms. Moore, Step's board of directors will consist of seven members.

About Step Energy Services Ltd.

Step is an energy services company that provides coiled tubing, fluid and nitrogen pumping, and hydraulic fracturing solutions. The company's combination of modern equipment, along with its commitment to safety and quality execution, has differentiated Step in plays where wells are deeper, have longer laterals and higher pressures. Step has a high performance, safety-focused culture, and its experienced technical office and field professionals are committed to providing innovative, reliable and cost-effective solutions to the company's clients.

Founded in 2011 as a specialized deep-capacity coiled tubing company, Step has grown into a North American service provider delivering completion and stimulation services to exploration and production (E&P) companies in Canada and the United States. Its Canadian services are focused in the Western Canadian sedimentary basin (WCSB), while in the U.S., its fracturing and coiled tubing services are focused in the Permian and Eagle Ford in Texas, the Uinta-Piceance and Niobrara-DJ basins in Colorado, and the Bakken in North Dakota.

Step's four core values -- safety, trust, execution and possibilities -- inspire the company's team of professionals to provide differentiated levels of service, with a goal of flawless execution and an unwavering focus on safety.

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