The Directed Share Issue

The Directed Share Issue is intended to comprise a total of 456,273 new Class B shares at a subscription price of SEK 13.15 per share, corresponding to total proceeds of approximately SEK 6.0 million before transaction costs.

The Directed Share Issue is divided into two separate tranches.

Tranche 1 is directed to external investors. Henric Blomsterberg subscribes for shares corresponding to SEK 3.0 million, Perroxa Finans AB subscribes for shares corresponding to SEK 0.5 million, STAN Sweden AB subscribes for shares corresponding to SEK 0.5 million, and CapMate AB subscribes for shares corresponding to SEK 0.75 million. As previously communicated, the portion of the Directed Share Issue directed to external investors corresponds to aggregate proceeds of approximately SEK 4.75 million.

Tranche 2 is directed to Ebrahim Laher and Vikas Gupta, members of WPTG’s management, corresponding to aggregate proceeds of approximately SEK 1.25 million. Ebrahim Laher’s participation corresponds to SEK 1.0 million and Vikas Gupta’s participation to SEK 0.25 million. Tranche 2 comprises 95,057 Class B shares and is conditional upon subsequent approval by the Extraordinary General Meeting.

The Board of Directors considers that the subscription price reflects prevailing market conditions and is therefore on market terms.

Tranche 2 and the Extraordinary General Meeting

Ebrahim Laher and Vikas Gupta are members of WPTG’s management and therefore belong to the category of persons covered by Chapter 16 of the Swedish Companies Act (the so-called Leo rules).

Consequently, for the Board of Directors’ resolution regarding Tranche 2 to be valid, it must be subsequently approved by an Extraordinary General Meeting with the support of shareholders representing at least nine-tenths of both the votes cast and the shares represented at the meeting.

The date of the Extraordinary General Meeting will be announced once it has been determined.

Background and reasons for deviation from shareholders’ preferential rights

The purpose of the Directed Share Issue is to strengthen the Company’s financial position and provide additional capital to support WPTG’s continued growth, expansion and strategic initiatives.

The Board of Directors has made an overall assessment and carefully considered the possibility of raising the corresponding capital through a rights issue. The Board considers that a directed share issue provides an opportunity to raise capital in a time- and cost-efficient manner while strengthening the Company’s financial flexibility and broadening its shareholder base.

In making its assessment, the Board has also taken into account the execution and market risks associated with a rights issue, as well as the additional time and costs that such a process would entail. The Directed Share Issue enables the Company to secure growth capital efficiently while adding new investors to the shareholder base.

Based on the above, the Board of Directors considers that the Directed Share Issue is in the best interests of the Company and its shareholders and that the reasons for deviating from the shareholders’ preferential rights outweigh the general principle that new share issues should be carried out with preferential rights for existing shareholders.

Shares, share capital and dilution

Following completion of both Tranche 1 and Tranche 2, the total number of Class B shares in WPTG will increase by 456,273, from 31,274,127 to 31,730,400, and the Company’s share capital will increase by SEK 698,623, from SEK 688,577 to SEK 1,387,200.

The Directed Share Issue will thereby result in a total dilution of approximately 1,46 percent of the total number of shares and votes in the Company.

The Directed Share Issue

The Directed Share Issue is intended to comprise a total of 456,273 new Class B shares at a subscription price of SEK 13.15 per share, corresponding to total proceeds of approximately SEK 6.0 million before transaction costs.

The Directed Share Issue is divided into two separate tranches.

Tranche 1 is directed to external investors Henric Blomsterberg, Gustav Berggren, Stefan Kaiser and Gerhard Dal, corresponding to aggregate proceeds of approximately SEK 4.75 million. The investors have subscribed, or undertaken to subscribe, for shares corresponding to SEK 3.0 million, SEK 0.5 million, SEK 0.5 million and SEK 0.75 million, respectively. Tranche 1 comprises 361,216 Class B shares.

Tranche 2 is directed to Ebrahim Laher and Vikas Gupta, members of WPTG’s management, corresponding to aggregate proceeds of approximately SEK 1.25 million. Ebrahim Laher’s participation corresponds to SEK 1.0 million and Vikas Gupta’s participation to SEK 0.25 million. Tranche 2 comprises 95,057 Class B shares and is conditional upon subsequent approval by the Extraordinary General Meeting.

The Board of Directors considers that the subscription price reflects prevailing market conditions and is therefore on market terms.

Tranche 2 and the Extraordinary General Meeting

Ebrahim Laher and Vikas Gupta are members of WPTG’s management and therefore belong to the category of persons covered by Chapter 16 of the Swedish Companies Act (the so-called Leo rules).

Consequently, for the Board of Directors’ resolution regarding Tranche 2 to be valid, it must be subsequently approved by an Extraordinary General Meeting with the support of shareholders representing at least nine-tenths of both the votes cast and the shares represented at the meeting.

The date of the Extraordinary General Meeting will be announced once it has been determined.

Background and reasons for deviation from shareholders’ preferential rights

The purpose of the Directed Share Issue is to strengthen the Company’s financial position and provide additional capital to support WPTG’s continued growth, expansion and strategic initiatives.

The Board of Directors has made an overall assessment and carefully considered the possibility of raising the corresponding capital through a rights issue. The Board considers that a directed share issue provides an opportunity to raise capital in a time- and cost-efficient manner while strengthening the Company’s financial flexibility and broadening its shareholder base.

In making its assessment, the Board has also taken into account the execution and market risks associated with a rights issue, as well as the additional time and costs that such a process would entail. The Directed Share Issue enables the Company to secure growth capital efficiently while adding new investors to the shareholder base.

Based on the above, the Board of Directors considers that the Directed Share Issue is in the best interests of the Company and its shareholders and that the reasons for deviating from the shareholders’ preferential rights outweigh the general principle that new share issues should be carried out with preferential rights for existing shareholders.

Shares, share capital and dilution

Following completion of both Tranche 1 and Tranche 2, the total number of Class B shares in WPTG will increase by 456,273, from 31,274,127 to 31,730,400, and the Company’s share capital will increase by SEK 698,623, from SEK 688,577 to SEK 1,387,200.

The Directed Share Issue will thereby result in a total dilution of approximately 1,46 percent of the total number of shares and votes in the Company.

The briefing will focus on:

• WPTG’s financial and operational performance during H1 2026
• The Aixia transaction and its strategic importance for the Group
• WPTG’s continued development and AI strategy
• Key priorities and outlook for the remainder of 2026

The presentation will be followed by a live Q&A session. Shareholders, investors and other participants will have the opportunity to submit questions during the session, which will be addressed as time permits.

Briefing details
Date: Monday, 24 August 2026
Time: 14:00–15:00 CEST (14:00–15:00 SAST/CAT)
Speaker: Ebrahim Laher, CEO of White Pearl Technology Group AB (publ)

How to join:
Click on the link to join the Q&A via Google Meet: https://meet.google.com/awe-xhdo-rmo

No registration is required and the joining link is open to all.

Financial Highlights

Metric	Q2 2026	Q2 2025	YoY	H1 2026	H1 2025	FY 2025
Revenue	160.0	133.7	19.7%	303.8	232.6	510.5
EBITDA	30.1	21.3	41.6%	53.6	37.1	86.1
EBITDA Margin	18.8%	15.9%	–	17.6%	16.0%	16.9%
EBIT	29.4	21.2	38.6%	52.5	37.0	85.9
Net Profit After Tax	27.4	22.1	23.8%	47.8	36.7	65.9
Earnings per share (SEK)	0.91	0.8	9.6%	1.6	1.4	2.4
Diluted EPS (SEK)	0.88	0.8	6.0%	1.54	1.4	2.4

Note: All amounts in SEK.

Revenue mix by line of business

Segment	FY 2023	FY 2024	FY 2025	Q1 2026	H1 2026
IT Services — project & consulting	42%	35%	28%	30%	26%
Managed & Recurring Services	39%	40%	39%	37%	40%
Software, Platforms & IP	13%	16%	19%	20%	22%
Talent & Process Services	6%	9%	14%	13%	12%
Group total	100%	100%	100%	100%	100%

Segment shares of Group revenue.

On 1 June 2026, WPTG made a public takeover offer to the shareholders of Aixia (the “Offer”). Under the Offer, the shareholders in Aixia were offered 5.33 newly issued shares in WPTG together with SEK 10.00 in cash for each share in Aixia. The Offer was completed on 10 August 2026. In order to settle the share consideration, WPTG’s board of directors has, pursuant to the authorization granted by the annual general meeting on 3 June 2026, resolved to carry out an issue in kind of a total of 8,100,198 Class B shares at a subscription price of SEK 18.11 per share.

Payment for the newly issued shares is made by way of contribution in kind consisting of shares in Aixia. The subscription price is based on the volume-weighted average price (VWAP) of WPTG’s share on Nasdaq First North Growth Market during the 15 trading days preceding the announcement of the Offer on 1 June 2026. The contribution in kind consists of a total of 1,519,737 shares in Aixia, of which 100,000 are Class A shares and 1,419,737 are Class B shares, corresponding to all shares tendered in the Offer. The valuation of the contribution in kind has been based on the closing price on Spotlight Stock Market on 29 May 2026. The board of directors considers that the contribution in kind has not been valued at a higher amount than its fair value and that the contribution in kind is of such a nature that it will benefit the Company’s operations. The board of directors’ report pursuant to Chapter 13, Section 7 of the Swedish Companies Act is available at the Company’s address.

Through the issue in kind, WPTG’s share capital increases by approximately SEK 178,204, from SEK 688,577 to approximately SEK 866,781, and the number of shares increases by 8,100,198 shares, from the registered 31,299,016 to 39,399,214 shares. The number of Class B shares increases by 8,100,198, from the registered 31,274,127 to 39,374,325 Class B shares. The number of Class A shares remains unchanged at 24,889. The total number of votes increases from 31,523,017 to 39,623,215. The issue in kind results in a dilution of approximately 20.56 per cent of the total number of shares and approximately 20.44 per cent of the total number of votes, calculated based on the number of shares and votes that are registered with the Swedish Companies Registration Office at the time of the resolution on the issue in kind.

For more information, please contact:

Oscar Carling, White Pearl Technology Group AB (publ)
+46 73 502 70 04
oscar.carling@whitepearltech.com

The Company’s Certified Adviser is Amudova AB, e-mail: info@amudova.se.

About White Pearl Technology Group

White Pearl Technology Group AB (WPTG) is a Swedish global IT company specialising in digital transformation solutions. With a presence in more than 20 countries and a team of approximately 950 experts, WPTG helps organisations navigate the complexities of the digital age through services ranging from ICT and systems integration to business software and digital innovation. The company is listed on Nasdaq Growth Market (WPTGB) in Stockholm and on OTCQX (WPTGF) in the United States.

Background

On 10 April 2026, WPTG announced that it had entered into a Letter of Intent regarding the proposed acquisition of GVO Media Group. The LOI was originally entered into between WPTG and the sellers on 27 March 2026. The parties have now executed the binding SPA for the acquisition of 100% of the shares in GVO.

GVO Media Group comprises High End Media Group AB, Sociallite ME AB and HAPP Media AB and operates within media, marketing, social media, digital media, content, advertising, influencer marketing and campaign-related activities. The acquisition expands WPTG’s capabilities within digital media and marketing and creates opportunities for cross-selling across the Group’s existing customer base and international operations.

The SPA

The base purchase consideration amounts to SEK 12.0 million, with no cash consideration payable. An initial consideration of SEK 6.0 million will be settled through newly issued WPTG Series B shares. A further target consideration of SEK 6.0 million, also payable in WPTG Series B shares, is linked to GVO’s revenue during the first twelve months following closing.

The revenue target for the twelve-month period is SEK 11.2 million. If GVO’s revenue is below the target, the further consideration will be adjusted proportionally, subject to a minimum of SEK 3.0 million. If GVO exceeds the revenue target, the consideration will increase proportionally up to a maximum of SEK 7.2 million.

The number of WPTG Series B shares will be determined in accordance with the 15-trading-day VWAP mechanism set out in the SPA. The initial consideration shares will be subject to a nine-month lock-up period, while any shares issued as further consideration will be subject to a six-month lock-up period.

The Board of Directors has not yet resolved on the directed share issue relating to the share consideration.

“GVO Media Group adds strong capabilities within digital media, marketing and communication to WPTG and complements our existing technology and digital services offering. We see clear opportunities to combine GVO’s expertise with our international customer base and broader capabilities, creating new opportunities for cross-selling and growth across the Group. We look forward to welcoming the GVO team to White Pearl Technology Group.” – Ebrahim Laher, CEO of White Pearl Technology Group

About GVO Media Group

GVO Media Group operates in digital marketing and represents a consolidated business consisting of three existing entities brought together to create a unified, scalable, and cost-efficient platform. The combined business is expected to generate revenues of approximately SEK 12–13 million in 2026, with an increasing share of recurring revenue and positive cash flow.

GVO has a scalable growth platform with clear integration and expansion synergies in relation to WPTG. A key value driver is a proprietary, AI-enabled CRM system that supports automated delivery, enhanced client management, and real-time KPI tracking across all service areas. This enables a more scalable operating model with improved efficiency and greater transparency.

GVO consists of a team of approximately 10 professionals and is led by CEO, Hampus Rosencranz and COO, Petter Paulsson.

Outcome

At the expiry of the acceptance period on 10 August 2026, a total of 1,519,737 shares in Aixia had been tendered into the Offer, of which 100,000 were A-shares and 1,419,737 were B-shares. This corresponds to 96.43 per cent of the share capital and approximately 97.73 per cent of the votes in Aixia. All holders of A-shares accepted the Offer. Aixia’s share capital comprises a total of 1,576,000 shares, of which 100,000 are A-shares and 1,476,000 are B-shares. The A-shares carry ten times the voting rights of the B-shares. The total number of votes in Aixia is therefore 2,476,000, of which the shares tendered represent 2,419,737 votes. WPTG did not own any shares in Aixia prior to the announcement of the Offer.

Holding and consideration

Following the expiry of the acceptance period on 10 August 2026, WPTG consequently controls a total of 1,519,737 shares in Aixia, corresponding to 96.43 per cent of the total number of shares and approximately 97.73 per cent of the total number of votes in Aixia. Following the Offer, 56,263 B-shares remain outstanding in Aixia. No A-shares remain outstanding. WPTG has not acquired any shares in Aixia outside the Offer. WPTG does not hold any other financial instruments that provide financial exposure to shares in Aixia.

Settlement and payment of the consideration for the shares tendered into the Offer, consisting of 5.33 newly issued shares in WPTG and SEK 10.00 in cash per Aixia share, are expected to commence on or around 26 August 2026. The total number of WPTG shares to be newly issued as consideration amounts to approximately 8,100,198. The Offer is therefore completed.

Since WPTG will acquire more than 90 per cent of the shares and votes in Aixia through the Offer, WPTG intends to initiate compulsory acquisition (squeeze-out) proceedings in respect of the remaining shares in Aixia pursuant to the Swedish Companies Act (2005:551) and to work towards the delisting of Aixia’s shares from Spotlight Stock Market.

Advisers

In connection with the completion of the Offer, WPTG has engaged Eversheds Sutherland Advokatbyrå AB as legal adviser and Aqurat Fondkommission AB as issuing agent.

Information about the Offer

Information about the Offer is available on WPTG’s website (www.whitepearltech.com) and on Aqurat Fondkommission AB’s website (www.aqurat.se).

For questions regarding the Offer, please contact:

Oscar Carling, White Pearl Technology Group AB (publ)
+46 73 502 70 04
oscar.carling@whitepearltech.com

The Company’s Certified Adviser is Amudova AB, e-mail: info@amudova.se.

For administrative questions regarding the Offer, please contact your bank or custodian where your shares are held in the first instance.

Important information

This press release has been published in Swedish and English. In the event of any discrepancy between the language versions, the Swedish version shall prevail.

This press release does not constitute an offer, whether directly or indirectly, in or into Australia, Belarus, Hong Kong, Japan, New Zealand, Russia, South Africa or the United States, or in any other jurisdiction where such offer would be prohibited by applicable laws or regulations (the “Restricted Jurisdictions”).

The publication, release or distribution of this press release in or into jurisdictions outside Sweden may be subject to legal restrictions. Persons who are subject to the laws of jurisdictions other than Sweden should therefore inform themselves of, and comply with, all applicable requirements. In particular, the ability of persons who are not resident in Sweden to participate in the Offer or receive consideration may be affected by the laws of the jurisdiction in which they reside.

Failure to comply with applicable restrictions may constitute a violation of securities laws in such jurisdiction. To the extent permitted by applicable law, WPTG and persons involved in the Offer disclaim any responsibility or liability for any violation of such restrictions by any person. This press release has been prepared to comply with the requirements of Swedish law, the Takeover Rules and the statements of the Swedish Securities Council regarding the interpretation and application of the Takeover Rules. Accordingly, the information disclosed may differ from the information that would have been disclosed if this press release had been prepared in accordance with the laws of jurisdictions other than Sweden.

Forward-looking statements

Statements in this press release relating to future conditions or circumstances, including information regarding future results, growth and other forecasts, plans, targets, intentions and expectations, and the assumptions underlying them, constitute forward-looking information. Forward-looking information is inherently subject to risks and uncertainties, as it relates to future conditions and depends on circumstances that may occur in the future. Due to a number of factors, many of which are beyond WPTG’s control, no assurance can be given that future conditions will not differ materially from those expressly or implicitly stated in the forward-looking information. All such forward-looking information speaks only as at the date on which it is published and WPTG expressly disclaims any obligation to publish updates to such information, other than as required by the Takeover Rules or applicable laws and regulations.

About White Pearl Technology Group

White Pearl Technology Group AB (WPTG) is a Swedish global IT company specialising in digital transformation solutions. With a presence in more than 20 countries and a team of approximately 950 experts, WPTG helps organisations navigate the complexities of the digital age through services ranging from ICT and systems integration to business software and digital innovation. The company is listed on Nasdaq Growth Market (WPTGB) in Stockholm and on OTCQX (WPTGF) in the United States.

A unified AI technology platform

The launch of wptg.ai reflects the continued evolution of WPTG’s strategy and operating model. The Group’s established capabilities within enterprise software, cybersecurity, cloud and digital transformation remain core to the business but are increasingly organised around a common AI-driven technology and delivery platform.

At the centre of this model is the WPTG AI Factory, which brings together the Group’s capabilities across the AI technology stack – from infrastructure and compute, data and MLOps to applied AI platforms, enterprise software, digital transformation and AI strategy.

Applied AI platforms developed and owned within the Group, including OneBrain and NEXUS, are delivered through WPTG’s specialist operating companies and international customer network.

The Group’s AI offering also includes Sovereign AI, focused on governments and regulated industries requiring greater control over data, infrastructure and AI deployment, and Industry AI, through which WPTG applies its platforms and capabilities to specific industry requirements.

Building on WPTG’s global footprint

WPTG’s international footprint provides the Group with an established platform for deploying and scaling AI solutions across markets. With 44 operating companies and operations across 24 countries, WPTG combines local customer relationships and industry knowledge with shared technology, platforms and specialist capabilities across the Group.

The launch of wptg.ai provides a new digital platform for communicating this strategy to customers, partners, investors and other stakeholders.

“The launch of wptg.ai reflects the next stage in White Pearl Technology Group’s development. We have built a global technology business with strong customer relationships, local market knowledge and deep technical capabilities. Our focus now is to bring these strengths together around AI and use our international platform to deploy scalable AI solutions across markets and industries. wptg.ai reflects this evolution and where we are taking the Group next” – Ebrahim Laher, CEO of White Pearl Technology Group

The previous corporate domain, whitepearltech.com, will redirect to wptg.ai. Investor information, including financial reports, press releases and corporate governance information, will be available through the new website.

The discussion will feature:

• Ebrahim Laher, CEO, White Pearl Technology Group AB (publ)
• Mattias Bergkvist, CEO, Aixia Group AB (publ)

Live Q&A details

Date: Friday, August 7, 2026
Time: 14:00–15:00 CEST (2 pm – 3 pm)

Join via Google Meet:
https://meet.google.com/dzs-xvbu-snx

Questions may be submitted live during the session and will be addressed by the CEOs as time permits.

WPTG and Aixia welcome all shareholders and interested stakeholders to join the discussion and learn more about the strategic rationale for the recommended offer and the long-term opportunities for the combined company.

About the share issue

The directed share issue comprises 60,843 new Class B shares for an aggregate subscription amount of SEK 849,976.71. The subscription price has been determined in accordance with the volume-weighted average price (VWAP) mechanism set out in the Share Purchase Agreements relating to the acquisition of Icecon AB, corresponding a subscription price of SEK 13.97 per share.

Through the Share Issue, the number of Class B shares in the Company will increase by 60,843, from 31,256,066 to 31,316,909. The share capital will increase from SEK 688,179.822399 to SEK 689,518.366089.

The Share Issue will result in a dilution of approximately 0.19 per cent of the total number of shares and votes in the Company.

The right to subscribe for the new Class B shares has, with deviation from the shareholders’ preferential rights, been granted to the sellers of Icecon AB in accordance with the Share Purchase Agreements. Accordingly, Hans Lindh will subscribe for 26,592 Class B shares corresponding to SEK 371,490.24, Najaden Gruppen AB, represented by Lars Fredriksson, will subscribe for 9,198 Class B shares corresponding to SEK 128,496.06, and Lars Fredriksson will subscribe for 25,053 Class B shares corresponding to SEK 349,990.41.

Background

On 15 July 2026, WPTG announced the completion of the acquisition of Swedish IT consultancy Icecon AB. The transaction included an aggregate initial purchase consideration of SEK 2.035 million, comprising SEK 1.185 million in cash and SEK 0.850 million in newly issued WPTG Class B shares, together with a performance-based earn-out linked to Icecon’s future financial performance.

The current directed share issue constitutes the settlement of the share consideration forming part of the initial purchase price for the acquisition. The cash consideration was paid at completion of the transaction.

Reasons for deviation from the shareholders’ preferential rights

The Board of Directors resolved on the directed share issue pursuant to the authorisation granted by the Annual General Meeting held on 3 June 2026.

The share issue forms an integral part of the agreed purchase price structure for the acquisition of Icecon AB and enables settlement of the agreed share consideration without affecting the Company’s liquidity position. The subscription price has been determined in accordance with the volume-weighted average price (VWAP) mechanism set out in the Share Purchase Agreements and is therefore considered to be on market terms.

The Board of Directors has concluded that the directed share issue is beneficial to both the Company and its shareholders and that the reasons for deviating from the shareholders’ preferential rights outweigh the interests underlying the general principle of pre-emptive rights for existing shareholders.