WPTG completes a directed share issue of 1,494,262 new shares, raising proceeds of approximately SEK 9.0 million

The board of directors of White Pearl Technology Group AB (publ) (“WPTG” or the “Company”) has today resolved to carry out a directed share issue of 1,494,262 new shares at a subscription price of SEK 6 per share, corresponding to a premium of approximately 13.2% compared to the volume-weighted average price (VWAP) for the WPTG share over the last 30 days, a premium of 4.35% compared to the 7-day VWAP, and a premium of 1.4% compared to the spot price. Through the directed share issue, WPTG will receive proceeds amounting to approximately SEK 8.97 million before transaction costs, which will be used to support the Company’s growth initiatives and expansion plans. Total transaction costs are estimated at SEK 55,000.

The board of directors of WPTG has today, based on the authorisation granted by the extraordinary general meeting on November 8, 2024, resolved to carry out a directed share issue with deviation from the shareholders’ preferential rights of 1,494,262 new shares to two strategic investors: Capmate AB and Yellowstone Investment Trust.

The subscription price has been determined through negotiations and agreements with the subscribing investors. The price, SEK 6.0, has been determined through negotiations with the investors, and the board of directors thus assesses that the subscription price fairly reflects prevailing market conditions and demand. Due to the current volatile market climate, compensation for guarantee commitments in a rights issue would likely exceed the value of the directed share issue. Therefore, the board assesses that the market value of the subscription price has been ensured. Payment of the subscription price shall be made in cash at the latest on December 20, 2024. The board of directors has the right to postpone the last date for payment.

The reasons for executing the directed issue and to deviate from the shareholders’ preferential rights are as follows:

The Company’s board has investigated and considered various financing alternatives, among other things, it has investigated the prerequisites for carrying out a successful rights issue (Swedish: Företrädesemission). Due to the prevailing market climate, the board considers that there are currently no suitable conditions for carrying out a rights issue on favourable terms. The board has noted that the majority of rights issues that have been carried out on the market have been negatively affected by the volatile market climate. In those cases where rights issues have been carried out, it has been noted that the market value of shares has fallen below subscription prices despite heavy discounts. As a result, the subscription rate outside of guarantee and subscription commitments has been low. It is, therefore, deemed beneficial to conduct a directed share issue to avoid exposure to price fluctuations in the market. Obtaining underwriting and guarantee commitments is a time-consuming and costly process. Taking into account that the subscription rate in rights issues on the market many times does not exceed the subscription and guarantee commitments, the board considers that it is not advantageous to pay compensation for the liquidity one expects to receive. Due to the above, the board does not consider it appropriate to carry out a rights issue under such conditions as described. The board assesses that a directed share issue ensures the most time- and cost-effective financing of the development of the Company.

The board also assesses that the signing investors have provided and are likely to continue to provide significant strategic, long-term value for the Company and its shareholders.

The board’s overall assessment is that the above-mentioned reasons outweigh the reasons that justify the main principle that issues must be carried out with applicable shareholders’ pre-emptive rights and that an issue with a deviation from shareholders’ pre-emptive rights is, therefore, in the interests of the Company and all shareholders.

Through the directed issue, the number of shares and votes in the Company increases by 1,494,262 from 27,425,476 to 28,919,738, and the share capital increases with SEK 32,874 from SEK 603,360 to SEK 636,234. The directed issue results in a dilution for existing shareholders of approximately 5.17% of the number of shares and votes in the Company, based on the total number of shares and votes in the Company after the directed issue.

This disclosure contains information that White Pearl Technology Group AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication through the agency of the contact person on 8 December 2024 at 22:15 CET.

For more information on White Pearl Technology Group, please contact:

Marco Marangoni, CEO

Phone: +598 93 370 044

E-mail: marco.marangoni@whitepearltech.com

Investor Relations White Pearl Technology Group AB

E-mail: ir@whitepearltech.com

Phone: +46 707 340804

About White Pearl Technology Group AB (publ):

White Pearl Technology Group AB (WPTG) is a global technology company specialising in digital transformation solutions. With a presence in over 30 countries and a team of more than 650 experts, WPTG helps organisations navigate the complexities of the digital age, offering services ranging from ICT and system integration to business software and digital innovation. For more information, see www.whitepearltech.com.

White Pearl Technology Group AB (publ) is listed on the Nasdaq First North Growth Market.

The Company’s Certified Adviser is Amudova AB, Box 5855, SE-102 40 Stockholm, Sweden, tel: +46 (0)8-546 017 58, info@amudova.se

WPTG acquires Nordic technology consultancy Nuport and resolves on a directed share issue

White Pearl Technology Group AB (publ) (“WPTG”) has today entered into an agreement regarding the acquisition of, and taking possession of, all shares (the “Shares”) in Nuport Sverige AB (“Nuport”). The seller of Nuport Sverige AB will receive newly issued shares in WPTG through a directed share issue.

Nuport is one of Sweden’s leading SAP consultancies and brings 15 skilled technology consulting professionals and established customer relationships in the Swedish market. The integration enables WPTG to leverage its extensive global delivery network of over 400 consulting professionals across India, Egypt, South Africa, and Zimbabwe into the Nordic market, where this sector currently represents approximately 45% of the Group’s revenue.

The consideration will be paid through a directed share issue of 238,854 shares at SEK 5.97 per share (based on 10-day VWAP), representing a value of SEK 1,500,000. The shares issued as consideration are subject to a 12-month lock-in period with a staged release of 25% per quarter. WPTG is now taking an important strategic step in its Nordic expansion strategy, providing a platform for expansion in the region.

Nuport is a modern, multifaceted consultancy based in Sweden, with particular expertise in SAP solutions and services. The organisation is driven by diverse perspectives, backgrounds, and experiences, with deep knowledge across multiple industries. Nuport supports organisations through digital transformation journeys, offering a full spectrum of enterprise consulting services and SAP implementation expertise.

“This acquisition marks a significant milestone in our Nordic expansion strategy. Nuport’s strong local presence and expertise complement our global capabilities perfectly, allowing us to serve customers across the Nordic region better,” says Marco Marangoni, CEO of White Pearl Technology Group.

“Joining WPTG opens exciting opportunities for both our team and customers. We can now offer an expanded range of services and leverage WPTG’s global resources while maintaining our commitment to excellence in consulting services,” says Mikael Gavelin, CEO of Nuport, who will continue leading the operation during the integration phase.

The transaction, in brief

● WPTG has acquired and taken possession of the Shares today, December 5, 2024.

● The consideration will be paid through a directed share issue of 238,854 shares at SEK 5.97 per share, representing a value of SEK 1,500,000.

● Based on the authorisation granted by the Extraordinary General Meeting on November 8, 2024, the Board of Directors has today resolved on a new share issue to the seller of Nuport, with deviation from the shareholders’ preferential rights.

● The shares issued as consideration are subject to a 12-month lock-in period with a staged release of 25% per quarter.

● Following the registration of the new shares, WPTG’s share capital will increase from SEK 597,832.84 to SEK 603,360.48.

● The share issue represents a dilution of approximately 0.9% for existing shareholders.

Directed Issue

The Board of Directors has based on the authorisation granted by the Extraordinary General Meeting on November 8, 2024, today resolved on a directed share issue of 238,854 shares in WPTG, with deviation from the shareholders’ preferential rights, at a subscription price of SEK 5.97 per share. The reason for the deviation from the shareholders’ preferential rights is that the acquisition is in accordance with the Company’s strategy and that it is considered to be most beneficial for the Company and its shareholders. Following the registration of the issue, the total number of shares in the Company will increase accordingly. This gives a dilution for existing shareholders of approximately 0.9 per cent.

For more information:

Marco Marangoni, CEO White Pearl Technology Group AB (publ) Phone: +598 93 370 044 E-mail: marco.marangoni@whitepearltech.com

Investor Relations White Pearl Technology Group AB E-mail: ir@whitepearltech.com Phone: +46 707 340804

About Nuport

About WPTG

White Pearl Technology Group AB (WPTG) is a global technology company specialising in digital transformation solutions. With a presence in over 30 countries and a team of more than 650 experts, WPTG helps organisations navigate the complexities of the digital age. For more information, see www.whitepearltech.com.

White Pearl Technology Group AB (publ) is listed on the Nasdaq First North Growth Market. The Company’s Certified Adviser is Amudova AB, Box 5855, SE-102 40 Stockholm, Sweden, tel: +46 (0)8-546 017 58, info@amudova.se.

This information is information that White Pearl Technology Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person set out above on December 5, 2024.

WPTG acquires 51% stake in Indian AI pioneer OneBrain and resolves on a directed share issue

White Pearl Technology Group AB (publ) (“WPTG”) has today entered into an agreement regarding the acquisition of, and taking possession of, 51% of the shares (the “Shares”) in OneBrain (“OneBrain”). The total transaction value is USD 300,000, to be paid in three tranches, with the first tranche of SEK 1,100,000 executed today following successful due diligence.

OneBrain is one of India’s leading AI technology companies and has developed the proprietary Dynamic Action Model (DAM) technology, which enables intelligent automation of complex business processes. The company expects a revenue contribution of SEK 4M+ for 2024, with forecasted revenue of over SEK 7.5M in 2025. The company currently has twelve AI specialists and has developed proprietary technology.

The initial consideration of SEK 1,100,000 will be paid through the issuance of 169,231 shares at SEK 6.5 per share, representing a 9% premium to the 2-week VWAP and a 16% premium to the spot price. Two additional tranches of USD 100,000 each are scheduled for July 2025 and January 2026. WPTG is now taking an important strategic step to accelerate its AI capabilities, with OneBrain’s team joining WPTG’s global technology team.

OneBrain is an Indian AI technology company specialising in automated computing solutions. The company was founded in 2020 and has developed the proprietary Dynamic Action Model (DAM) technology. The integration with WPTG’s AI Lab in Hyderabad commences immediately, with OneBrain’s proprietary technology being deployed across WPTG service offerings. The company expects a revenue contribution of SEK 4M+ for 2024, with forecasted revenue of over SEK 7.5M in 2025.

“The completion of this acquisition accelerates our AI capabilities significantly. OneBrain’s DAM technology will transform our service delivery model, particularly in emerging markets where efficiency and scalability are crucial,” says Marco Marangoni, CEO of WPTG.

“Joining WPTG provides us with the global platform needed to scale our technology. Initial integration planning has already identified several high-impact applications across WPTG’s portfolio,” says Mirza Areeb Baig, CEO of OneBrain, who continues leading the operation.

The transaction, in brief

● The total transaction value is USD 300,000, to be paid in three tranches.

● WPTG has acquired and taken possession of 51% of the Shares today, December 5, 2024.

● The initial consideration of SEK 1,100,000 will be paid through the issuance of 169,231 shares at SEK 6.5 per share.

● Based on the authorisation granted by the Extraordinary General Meeting on November 8, 2024, the Board of Directors has today resolved on a new share issue of 169,231 shares, with deviation from the shareholders’ preferential rights, at a subscription price of SEK 6.5 per share.

● Following the registration of the new shares, WPTG’s share capital will increase from SEK 594,109 to SEK 597,832.84.

● The share issue represents a dilution of approximately 0.6% for existing shareholders.

● Two additional tranches of USD 100,000 each are scheduled for July 2025 and January 2026.

● WPTG holds an option to acquire the remaining 49% stake within 3 years.

Directed Issue

The Board of Directors has based on the authorisation granted by the Extraordinary General Meeting on November 8, 2024, today resolved on a directed share issue of 169,231 shares in WPTG, with deviation from the shareholders’ preferential rights, at a subscription price of SEK 6.5 per share. The reason for the deviation from the shareholders’ preferential rights is that the acquisition is in accordance with the Company’s strategy and that it is considered to be most beneficial for the Company and its shareholders. Following the registration of the issue, the total number of shares in the Company will increase accordingly. This gives a dilution for existing shareholders of approximately 0.6 per cent.

For more information:

Marco Marangoni, CEO White Pearl Technology Group AB (publ) Phone: +46 707 341-085 E-mail: marco.marangoni@whitepearltech.com

Investor Relations White Pearl Technology Group AB E-mail: ir@whitepearltech.com Phone: +46 707 340804

About OneBrain

Founded in 2020, OneBrain is an Indian AI technology company specialising in automated computing solutions. The company has developed the proprietary Dynamic Action Model (DAM) technology, which enables intelligent automation of complex business processes. For more information, see www.onebrain.cloud.

About WPTG

White Pearl Technology Group AB (WPTG) is a global technology company specialising in digital transformation solutions. With a presence in over 30 countries and a team of more than 650 experts, WPTG helps organisations navigate the complexities of the digital age. For more information, see www.whitepearltech.com.

White Pearl Technology Group AB (publ) is listed on Nasdaq First North Growth Market. The Company’s Certified Adviser is Amudova AB, Box 5855, SE-102 40 Stockholm, Sweden, tel: +46 (0)8-546 017 58, info@amudova.se.

WPTG Pioneers Advanced Municipal Revenue Enhancement Solutions across Africa

White Pearl Technology Group AB (WPTG) provides insights into its innovative municipal digital transformation programs being implemented in Kenya and South Africa, highlighting the complex technical capabilities required for successful delivery.

Technical Expertise Driving Innovation:

• Data Scientists specialising in revenue pattern analysis and anomaly detection

• AI/ML Engineers developing custom predictive models for municipal operations

• IoT Integration Specialists connecting field devices with central systems

• Municipal Operations Experts with deep African public sector experience

• Advanced Analytics Professionals focused on revenue optimisation

Key Technology Innovations:

Machine Learning for Revenue Management:

• Development of predictive models for consumption pattern analysis

• Implementation of anomaly detection systems for fraud prevention

• Real-time revenue leakage detection using AI-driven analytics

Process Transformation:

• Integration of IoT sensors with billing systems

• Mobile-enabled field audit solutions with real-time synchronisation

• Automated workflow systems with embedded compliance controls

Stephen Thorne, Chief Architect at WPTG, emphasised the technical complexity: “These implementations require a unique blend of skills – from deep learning expertise to municipal operations knowledge. Our teams combine advanced AI capabilities with a practical understanding of African public sector challenges. Our AI-driven solutions are already demonstrating measurable improvements in municipal revenue collection and operational efficiency.”

Ashley de Klerk, Executive Vice President of WPTG, added: “The success of these projects relies on our ability to bring together diverse technical talents. Our specialists in AI, data science, and municipal operations work as an integrated team to deliver solutions that are both innovative and practical for African municipalities.”

Technology Implementation:

• Advanced analytics platform for revenue pattern detection

• Machine learning models for consumption prediction

• Neural networks for anomaly detection

• IoT integration framework for real-time data capture

Early results indicate significant potential for deployment across other African municipalities, with initial projects in South Africa showing promising outcomes in pattern detection and revenue enhancement.

Marco Marangoni, CEO of WPTG, concluded: “The expertise we’ve assembled positions us uniquely in the African municipal sector. Our ability to combine advanced technical capabilities with deep local knowledge creates opportunities for similar transformations across the continent and beyond.”

Financial Opportunity:

The municipal space continues to grow within WPTG and significantly contributes to the group’s earnings. Between 2025 and 2027, the municipal business is forecasted to generate revenues of between SEK 150M and SEK 250M.

For further information, please contact:

Marco Marangoni

CEO, White Pearl Technology Group

Email: marco.marangoni@whitepearltech.com

Phone: +46 707 341-085

Investor Relations

White Pearl Technology Group AB

Email: ir@whitepearltech.com

Phone: +46 707 340804

About White Pearl Technology Group AB:

The company’s Certified Adviser is Amudova AB, email: info@amudova.se, phone: +46 8 546 017 58.

White Pearl Technology Group Reports Strong Interest Following US Investor Presentations

White Pearl Technology Group AB (Nasdaq First North: WPTG) today announces the outcomes of its participation in the Swedish Investor Day hosted by OTC Markets and Nano Cap Group in New York City. The event resulted in significant interest from institutional investors and multiple strategic partnership discussions.

Key Information:
• Successful participation in Swedish Investor Day in New York
• Multiple strategic partnership discussions initiated
• North American market expansion opportunities identified

Operational Highlights:
• Global delivery network across 30+ countries
• Enterprise-grade IT services platform
• Integration capabilities with tier-1 ERP systems
• Established emerging markets presence
• 650+ technology professionals worldwide

“The engagement with US institutional investors has exceeded expectations,” stated Marco Marangoni, CEO of White Pearl Technology Group. “Our positioning in emerging markets and ability to deliver premium services through our global delivery network has resonated strongly with the investment community. These discussions have reinforced the significant potential for our business model in the North American market.”

Strategic Development:
The company has initiated follow-up discussions with several US-based institutions regarding potential strategic partnerships and collaboration opportunities, focusing on:
• Technology partnership opportunities
• Market expansion initiatives
• Strategic growth opportunities in North America

For additional information, please contact:
Marco Marangoni, CEO
Email: marco.marangoni@whitepearltech.com
Phone: +46 707 341-085

Investor Relations
White Pearl Technology Group AB
Email: ir@whitepearltech.com
Phone: +46 707 340804

About White Pearl Technology Group AB:
White Pearl Technology Group AB (WPTG) is a global technology company specialising in digital transformation solutions. With a presence in over 30 countries and a team of more than 650 experts, WPTG helps organisations navigate the complexities of the digital age, offering services ranging from ICT and system integration to business software and digital innovation.

The company’s Certified Adviser is Amudova AB
Email: info@amudova.se
Phone: +46 8 546 017 58

Implementation of Strategic Technology Alliance Supporting Five-Year Growth Plan

White Pearl Technology Group AB (Nasdaq First North: WPTG_B) today announced a strategic technology alliance with leading technology and consulting firms to accelerate innovation and expand market reach across key regions. The alliance brings together seven partners:

· Experienced Certified Consulting (ECC) – Egypt (WPTG subsidiary)
· New Digital Future (NDF) – Egypt (WPTG subsidiary)
· Cloud – Egypt (WPTG subsidiary)
· Global Identity Technology Services (GITS) – Qatar
· Experts Hive Corp (Exp-Hive) – Canada
· Innovation Oasis (Ioasis Tech) – UAE
· GulfBoost IT Solutions – Saudi Arabi

The alliance represents a key implementation milestone in WPTG’s five-year growth strategy, announced in September 2024, targeting SEK 700 million in revenue by 2028. The expected USD 15 million revenue contribution from this alliance is included in these projections. This collaboration strengthens WPTG’s presence in existing markets while establishing new operational capabilities in Qatar and Canada and expanding coverage across North Africa, including Morocco, Tunisia, and Algeria.

Marco Marangoni, CEO of White Pearl Technology Group, said: “This alliance marks a significant step in our global expansion strategy. By combining our expertise with these strategic partners, we are well-positioned to accelerate growth across new markets.”

Ibrahim Srour, Chief Operating Officer of WPTG and co-CEO of ECC, added: “This collaboration creates a powerful platform for innovation and growth. Our enhanced capabilities will enable us to deliver comprehensive solutions across North America and North Africa, complementing our strong presence in the Middle East.”

Strategic Focus Areas:

Market presence expansion
Technology solution development
Operational efficiency
Research and development
Strategic account development in the Middle East, North Africa, and North America regions

For more information, please contact:

Investor Relations Manager White Pearl Technology Group AB

Email: ir@whitepearltech.com

Phone: +46 707 340804

The company’s Certified Adviser is Amudova AB, email: info@amudova.se.

About White Pearl Technology Group AB: White Pearl Technology Group AB (WPTG) is a global technology company specialising in digital transformation solutions. With a presence in over 30 countries and a team of more than 650 experts, WPTG helps organisations navigate the complexities of the digital age, offering services ranging from ICT and system integration to business software and digital innovation.

WPTG Strengthens Strategic Position Through Swedish Business Networking Event

White Pearl Technology Group (WPTG) has significantly advanced its position within the Swedish business ecosystem following participating in Business Sweden Johannesburg’s prestigious quarterly networking event. The gathering, which showcased leading Swedish companies operating in the region, featured notable speakers including Cilliers Brink, Caucus Leader for the Democratic Alliance in the City of Tshwane, and Robin Nordlander, Deputy Chief Test Pilot for Jas Gripen at Saab.

During the high-level networking session, WPTG representatives engaged with several prominent Swedish technology leaders, establishing groundwork for potential strategic collaborations:

Kamstrup: A leader in smart metering solutions, offering potential synergies in utility digitalisation

SKF: The global leader in bearing technology, presenting opportunities in industrial IoT and smart manufacturing

ASSA ABLOY: Pioneers in digital access solutions, aligning with WPTG’s security technology initiatives

Dometic: Specialists in outdoor and mobile living solutions, offering innovative technology integration possibilities

“These networking events are invaluable for strengthening our ties within the Swedish business community in South Africa,” noted Nazeem Ebrahim from WPTG. “The connections made here open new avenues for collaboration and growth in the region, particularly in emerging technologies and digital transformation.”

Strategic Benefits for WPTG

The event has reinforced WPTG’s position as a key technology bridge between Swedish innovation and African market opportunities. Key advantages include:

Technology Integration: Direct access to Swedish technological expertise and innovation frameworks, enhancing WPTG’s service offerings
Market Access: Strengthened pathways to Nordic markets while solidifying WPTG’s position as a Swedish technology gateway to Africa
Knowledge Exchange: Opportunities for shared R&D initiatives and best practice adoption from established Swedish multinationals
Business Development: Potential for joint ventures and collaborative projects in emerging technologies

“The Swedish business community’s strong presence in South Africa creates unique opportunities for companies like WPTG,” explained Ebrahim. “Our understanding of local markets combined with access to Swedish technology excellence positions us perfectly for continued growth and innovation.”

The event, hosted by Business Sweden’s Johannesburg office, focused on fostering collaboration and innovation among Swedish companies operating in Southern Africa. Discussions centred around the future of South Africa under a Government of National Unity (GNU) and the crucial role of technology businesses in this vision.

Business Sweden continues to support Swedish companies in expanding their presence in the Southern African region, with the next networking event scheduled for February 2024. WPTG’s active participation in these events underscores its commitment to strengthening Swedish African business ties and driving technological innovation in the region.

The gathering has catalysed several potential collaborative initiatives, with WPTG positioned to play a crucial role in bridging Swedish technological expertise with African market opportunities. This aligns perfectly with WPTG’s strategic vision of becoming a leading technology partner for Swedish companies expanding their presence in emerging markets.

During the high-level networking session, WPTG representatives engaged with several prominent Swedish technology leaders, establishing groundwork for potential strategic collaborations:

Kamstrup: A leader in smart metering solutions, offering potential synergies in utility digitalisation

SKF: The global leader in bearing technology, presenting opportunities in industrial IoT and smart manufacturing

ASSA ABLOY: Pioneers in digital access solutions, aligning with WPTG’s security technology initiatives

Dometic: Specialists in outdoor and mobile living solutions, offering innovative technology integration possibilities

Strategic Benefits for WPTG

The event has reinforced WPTG’s position as a key technology bridge between Swedish innovation and African market opportunities. Key advantages include:

Technology Integration: Direct access to Swedish technological expertise and innovation frameworks, enhancing WPTG’s service offerings
Market Access: Strengthened pathways to Nordic markets while solidifying WPTG’s position as a Swedish technology gateway to Africa
Knowledge Exchange: Opportunities for shared R&D initiatives and best practice adoption from established Swedish multinationals
Business Development: Potential for joint ventures and collaborative projects in emerging technologies

WPTG Board Visit to African Operations: Driving Strategic Growth Through Active Engagement

White Pearl Technology Group (WPTG) demonstrated its hands-on approach through an intensive three-day visit to the group’s African headquarters in Johannesburg, South Africa from October 27-29, 2024. The visit reinforced the board’s commitment to understanding African market dynamics and supporting regional growth initiatives.

The Board, led by Chairman Sven Otto Littorin, met with representatives of the Group’s businesses across seven African countries, including South Africa, Zimbabwe, Malawi, Lesotho, Tanzania, Ethiopia, and Egypt.

Strategic Value Creation

The programme balanced strategic review with direct client engagement, enabling board members to assess operational excellence and market opportunities firsthand. In-depth business discussions at the local office provided valuable insights into regional performance and growth trajectories.

A highlight of the visit was the board meeting customers from across the continent and interacting with WPTG staff at all levels, from management through to support and office staff.

African Growth Momentum

The board received comprehensive briefings focused on five key areas:

East African market expansion strategies
Local Economic Content initiatives
Pan-African business opportunities
Enterprise Competency Centre achievements
Political and Business Landscapes across the Continent

These sessions demonstrated the region’s significant potential for sustained growth and innovation within WPTG’s global portfolio.

Strengthening International Relations

A notable highlight was the board’s visit to the Swedish Embassy in Pretoria on October 28. The Swedish Ambassador and his wife, along with their Deputy Chief of Mission, hosted a dinner that provided an excellent platform for discussing Swedish-South African business relations and strengthening diplomatic ties that support WPTG’s international operations.

Strategic Impact

The board’s active participation and engagement yielded several tangible benefits:

Enhanced understanding of local market dynamics
Validated regional growth strategies
Strengthened client relationships
Identified new collaboration opportunities
Reinforced company culture through leadership visibility
Enhanced the Group’s Swedish Identity

Board Member Reflections

The visit generated strong positive feedback from WPTG’s leadership team:

Chairman Sven Otto Littorin reflected: “This has been an outstanding interaction between the board, customers, management and people of our group. Meeting face-to-face with our people and our customers and seeing the effect of the work we do at WPTG has been worth the long trek from Stockholm. We look forward to more interactions with our businesses globally.”

Board Member Anna Weiner Jiffer emphasised the strategic importance of the region: “Africa is a huge opportunity for a group such as White Pearl. It should be reassuring to our shareholders and Group at large that our operations in Africa continue to be extensive, our presence well entrenched, and the Group will continue growing throughout the continent.”

Board Member Arne Nabseth highlighted the investment potential: “It is clear to me why Africa is contributing significantly to WPTG’s performance. The scale of our operations, the quality of our people and the solutions we deploy are immense. We need to leverage this to the investor community in Sweden and open up more collaboration across our businesses.”

Executive Leadership Perspectives

Group CEO and Chairman Marco Marangoni emphasised the growth potential: “We need our shareholders to be proud of what we have built as WPTG, and for them and the investor community to realise that the potential and value of this group is currently undervalued in the markets. But with visits and interactions such as these, we hope to enhance both the operations of the Group as well as shareholder and investment community awareness of our company.”

Executive VP of the Group and host for the visit, Ashley de Klerk, based in South Africa, expressed gratitude for the board’s engagement: “Our people are buzzing after the interactions with the Board. To feel to be part of a global company like WPTG is amazing for us all. Our customers also gained valuable insights from the Board, and this will only help our growth prospects.”

Looking Forward

The Board plans to conduct regular visits to businesses globally, building on the success of this engagement and continuing to energise the White Pearl family.

For further information:

Investor Relations White Pearl Technology Group AB

Email: ir@whitepearltech.com

Phone: +46 707 340804

About White Pearl Technology Group AB: White Pearl Technology Group AB (WPTG) provides digital transformation solutions globally. With more than 650 experts, it operates in over 30 countries and delivers ICT services, system integration, and digital innovation solutions.

Certified Adviser: Amudova AB

Email: info@amudova.se

Phone: +46 8 546 017 58

WPTG signs Letter of Intent to acquire Nuport Sverige AB, expanding Nordic presence

White Pearl Technology Group AB (WPTG) today announced the signing of a Letter of Intent (LOI) to acquire 100% of the shares in the Swedish consultancy firm Nuport Sverige AB (Nuport), marking a significant and strategic step in strengthening its Nordic presence. The purchase price is set at SEK 1.5M and is to be paid in WPTG shares. Parties expect to finalise the agreement within 3 weeks, and the transaction depends on successful due diligence.

Key Highlights:

Letter of Intent signed to acquire 100% of Nuport Sverige AB
Purchase price: SEK 1.5M to be paid in WPTG shares
Expected revenue contribution: approximately 5% to Group revenue and earnings
Adds 15 skilled professionals to WPTG’s Nordic operations
Strategic expansion of WPTG’s Swedish and Nordic presence

Marco Marangoni, Group CEO of White Pearl Technology Group, commented: “As a Swedish company with a global footprint, we are deeply committed to strengthening our presence in our home base and supporting the growth of the domestic technology ecosystem. The acquisition of Nuport aligns perfectly with our vision of leveraging Sweden’s world-class digital capabilities to drive innovation and transformation for our customers worldwide.”

Mikael Gavelin, CEO of Nuport, added: “We are excited to join forces with White Pearl Technology Group, a global leader in digital transformation. By combining our Swedish heritage, deep technology knowledge, and customer-centric approach with WPTG’s international reach and resources, we can accelerate the delivery of cutting-edge solutions that empower organisations across the Nordic region.”

Transaction Details:

Full acquisition of Nuport Sverige AB
Purchase consideration: SEK 1.5M in WPTG shares
Subject to completion of due diligence
Expected to contribute approximately 5% to Group revenue and earnings
The addition of 15 skilled professionals

This press release contains forward-looking statements that reflect the Company’s current views with respect to future events and financial and operational performance. These forward-looking statements may be identified by the use of forward-looking terminology, such as “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate”, “project”, “target”, “aim”, “may”, “will”, “would”, “could” or “should” or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements are subject to risks, uncertainties and assumptions about the Company and its subsidiaries and investments. All statements other than statements of historical facts included in this document are forward-looking statements. The Company undertakes no obligation to update these forward-looking statements.

This information is regulated information that White Pearl Technology Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person set out below at 08:00 CET on November 13, 2024.

For further information, please contact:

Marco Marangoni, CEO of White Pearl Technology Group AB

Email: marco.marangoni@whitepearltech.com

Phone: +598 93 370 044

IR Manager

Email: ir@whitepearltech.com

Phone: +46 707 340 804

The company’s Certified Adviser is Amudova AB,

email: info@amudova.se.

About White Pearl Technology Group AB: White Pearl Technology Group AB (WPTG) is a global technology company specialising in digital transformation solutions. With a presence in over 30 countries and a team of more than 650 experts, WPTG helps organisations navigate the complexities of the digital age, offering services ranging from ICT and system integration to business software and digital innovation.

About Nuport Sverige AB: Nuport is a modern, multifaceted SAP consultancy based in Sweden. The organisation is driven by diverse perspectives, backgrounds, and experiences, with deep SAP knowledge across multiple industries. Nuport supports organisations through digital transformation journeys, offering a full spectrum of SAP consulting services.

White Pearl Technology Group Expands Global Footprint with OTC Markets Listing in the USA

Highlights

· Leading Swedish digital transformation provider WPTG announces plans for a secondary listing on OTC Markets
· The move follows a recent board resolution to expand the company’s global investor base
· Marks the start of the process, expected to be completed within the next few weeks
· Supports WPTG’s ambitious global expansion strategy in emerging markets

White Pearl Technology Group AB (Nasdaq First North: WPTG), a leading global provider of digital transformation solutions, today announced its plans for a secondary public listing on the OTC Markets in the United States.

This strategic initiative, approved by the company’s Board of Directors, will enable WPTG to further expand its global reach and access to capital markets, strengthening the Company’s position as a leading innovator at the intersection of Swedish technology excellence and high-growth emerging economies. The process is expected to be completed within the next few weeks.

“Listing on the OTC Markets is an important milestone in WPTG’s journey as a global technology leader,” said Marco Marangoni, CEO of WPTG. “By providing U.S. investors with a convenient avenue to participate in our success, we can accelerate our ambitious expansion plans and continue delivering transformative digital solutions that drive sustainable growth in emerging markets.”

The secondary listing is expected to deliver several key benefits:

Enhanced Visibility and Liquidity: WPTG’s presence on the OTC Markets will raise the Company’s profile among a broader base of U.S. institutional and retail investors, increasing overall market visibility and share liquidity.

Diversified Investor Base: Access to the U.S. capital markets presents an opportunity for WPTG to engage with a wider range of investors seeking exposure to innovative technology ventures pioneering digital transformation in fast-growing regions.

Accelerated Growth Strategy: The additional funding sources unlocked by the OTC listing will support WPTG’s efforts to scale its operations, forge new partnerships, and solidify its position as a trusted digital transformation partner across Africa, the Middle East, and Asia.

“White Pearl has built a unique positioning as a bridge between Sweden’s renowned technology capabilities and the immense potential of emerging markets,” commented Sven Otto Littorin, Group Chairman. “Bringing this value proposition to U.S. investors through the OTC Markets will benefit not only WPTG and its shareholders but also the broader Swedish technology ecosystem.”

WPTG’s primary listing on the Nasdaq First North Growth Market in Stockholm (ticker: WPTG B) will remain unchanged.

Investor Relations Contact

IR Manager ir@whitepearltech.com +46 707 340 804

Marco Marangoni CEO marco.marangoni@whitepearltech.com +598 93 370 044

Certified Adviser: Amudova AB info@amudova.se +46 8 546 017 58