About the share issue

Through the share issue, the number of Class B shares in the Company will increase by 128,346, from 31,127,720 to 31,256,066 Class B shares. The Company’s share capital will increase by SEK 2,823.607127, from SEK 685,356.215272to SEK 688,179.822399. The share issue will result in a dilution of approximately 0.41 per cent of the total number of shares and votes in the Company following the issue.

The subscribers in the share issue are Mitogaly AB, Seaview Invest Group AB, Wikman Invest AB, and En Påse Smågodis AB. Mitogaly AB will subscribe for 42,782 Class B shares, corresponding to a subscription amount of SEK 759,808.32. Seaview Invest Group AB will subscribe for 42,782 Class B shares, corresponding to SEK 759,808.32. Wikman Invest AB will subscribe for 21,391 Class B shares, corresponding to SEK 379,904.16. En Påse Smågodis AB will subscribe for 21,391 Class B shares, corresponding to SEK 379,904.16. In total, the share issue comprises 128,346 Class B shares for an aggregate subscription amount of SEK 2,279,424.96.

Background

On 24 February 2025, WPTG announced the acquisition of LUMIN4RY Consulting AB. The purchase price consisted of an initial cash consideration of SEK 9 million and a performance-based earn-out consideration of up to SEK 11 million, which may be settled through newly issued shares over a four-year period, provided that the agreed financial targets are achieved.

The current directed share issue represents the first settlement of the earn-out consideration and comprises 128,346 Class B shares, corresponding to a value of SEK 2,279,424.96. Following this share issue, approximately 20.7 per cent of the maximum earn-out consideration has been settled, while approximately SEK 8.72 million, corresponding to approximately 79.3 per cent, remains to be settled, provided that the conditions for future earn-out payments are fulfilled.

Reasons for deviation from the shareholders’ preferential rights

The Board of Directors resolved on the directed share issue pursuant to the authorization granted by the Annual General Meeting. The share issue forms part of the agreed purchase price structure for the acquisition of LUMIN4RY CONSULTING AB and enables the settlement of the earn-out consideration without affecting the Company’s liquidity position.

The subscription price corresponds to the volume-weighted average price (VWAP) of the Company’s Class B share during the period from 12 January to 30 January 2026 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’ pre-emptive rights outweigh the interests underlying the general principle of pre-emptive rights for existing shareholders.

Trading update
Based on preliminary and unaudited financial information, WPTG expects revenue for the second quarter of 2026 to increase by approximately 20% compared with the corresponding quarter of 2025. EBITDA for the quarter is expected to increase by approximately 40–45% year-on-year.

The improved performance reflects continued demand across the Group’s markets, a growing contribution from AI-related services, successful integration of acquired businesses and continued operational discipline. The Group continues to execute its strategy of strengthening its position as a global provider of AI-enabled digital transformation, enterprise software, cloud, cybersecurity and managed services.

During 2025, AI-related revenue increased from approximately 13% to 19% of Group revenue, reflecting the increasing adoption of AI solutions across the Group’s customer base. Management believes this trend will continue as organisations increasingly invest in AI infrastructure, automation, applied AI solutions and secure data-driven platforms.

Strategic update on the proposed acquisition of Aixia

As previously announced, WPTG has made a public takeover offer for Aixia Group AB. The Group has received irrevocable undertakings and commitments representing approximately 56% of Aixia’s shares and 70.5% of the voting rights, while Aixia’s independent bid committee has unanimously recommended shareholders to accept the offer based on the fairness opinion prepared by Forvis Mazars.

The proposed acquisition is expected to strengthen WPTG’s AI capabilities and expand the Group’s AI offering across its international operations. Subject to completion of the transaction, the enlarged Group is expected, on an illustrative pro forma run-rate basis, to generate annual revenue of approximately SEK 930 million, with AI-related revenue representing approximately 35% of combined revenue. This illustrative pro forma information is provided for informational purposes only and does not constitute a financial forecast.

“The second quarter reflects another period of solid operational execution, with continued revenue growth and significantly improved profitability. At the same time, the proposed acquisition of Aixia represents an important strategic opportunity to accelerate our AI capabilities and strengthen our position as a global technology group. We believe the combination will create a stronger, more scalable platform for long-term profitable growth while significantly increasing the AI component of our business.” – Ebrahim Laher, CEO of White Pearl Technology Group

The financial information included in this trading update is preliminary and unaudited. WPTG will publish its interim report for the second quarter of 2026 on 20 August 2026.

On 22 July 2026, Aixia published its interim report for the period 1 January – 30 June 2026. Due to this, WPTG has published a second supplement to the Offer Document (“Supplement II”) which includes the interim report in its entirety.

Supplement II was published today, 22 July 2026, and is available on WPTG’s website for the Offer, www.whitepearltech.com. Supplement II shall be read together with, and forms an integral part of, the Offer Document in all respects.

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 at www.whitepearltech.com.

For further 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.
The information was submitted, through the agency of the contact person set out above, for publication on 22 July 2026 at 3:30 p.m.

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 Australia, Belarus, Hong Kong, Japan, New Zealand, Russia, South Africa or the United States of America, or in any other jurisdiction where such an offer would be prohibited under applicable laws or regulations (the “Restricted Jurisdictions”).

Publication or distribution of this press release in or to jurisdictions outside Sweden may be subject to legal restrictions. Persons subject to the laws of jurisdictions other than Sweden should therefore inform themselves about and observe all applicable requirements. In particular, the ability to accept the Offer for persons who are not resident in Sweden may be affected by the laws of the jurisdiction in which they are resident.

This press release has been prepared in order to comply with the requirements under Swedish law, the Takeover Rules and statements by the Swedish Securities Council on the interpretation and application of the Takeover Rules. The information published may therefore differ from the information that would have been published if the 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 on future results, growth and other development forecasts and underlying assumptions, constitute forward-looking information. Forward-looking information is by its nature associated with risks and uncertainties as it relates to future conditions and is dependent 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 what is expressly or impliedly stated in the forward-looking information. All such forward-looking information applies only as at the date on which it is published and WPTG expressly disclaims any obligation to publish updates of 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 solutions for digital transformation. With a presence in over 20 countries and a team of approximately 950 experts, WPTG helps organisations navigate the complexity of the digital era with 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.

On 17 February 2026, WPTG announced that its Swedish subsidiary Adligo had entered into a Letter of Intent to acquire ServIT, a Swedish IT consultancy and managed services provider headquartered in Stockholm. Following the execution of the Share Purchase Agreement (“SPA”), the transaction has now been completed and ServIT has become part of the Group through Adligo.

The acquisition supports WPTG’s long-term strategy of strengthening its presence in the Swedish market through selective acquisitions while expanding the Group’s capabilities within managed services, IT infrastructure, cloud services and technology support. By combining ServIT’s expertise and customer relationships with Adligo’s existing operations, the Group further strengthens its position as a strategic IT partner for small and medium-sized enterprises across Sweden.

The transaction
The acquisition has been completed through the execution of the Share Purchase Agreement, resulting in Adligo acquiring 100% of the shares in ServIT.

The aggregate initial purchase consideration amounts to SEK 4.0 million, comprising SEK 2.0 million in cash and SEK 2.0 million to be settled through newly issued WPTG B-shares. The share consideration will be determined in accordance with the applicable volume-weighted average price (VWAP) set out in the Share Purchase Agreement.

In addition to the initial purchase consideration, the seller is entitled to a performance-based earn-out linked to ServIT’s EBITDA for the financial years 2026, 2027 and 2028. The earn-out is calculated annually and is based on 50% of the EBITDA generated above agreed annual target levels of SEK 2.0 million, SEK 2.4 million and SEK 2.7 million, respectively. The earn-out structure aligns the interests of the seller and WPTG by incentivising continued profitable growth following completion of the transaction.

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

“ServIT is a highly complementary business with an excellent reputation, a strong recurring revenue model, customer relationships, and deep expertise within managed IT services. The acquisition strengthens our Swedish operations and creates opportunities for cross-selling, operational synergies and broader customer offerings. We also see significant potential to introduce ServIT’s call centre software across our international operations while continuing to enhance the platform with the latest AI and call centre technologies” – Ebrahim Laher, CEO of White Pearl Technology Group

About ServIT
ServIT Datakonsult i Stockholm AB is a Swedish IT consultancy and managed services provider headquartered in Stockholm. The company delivers services within IT consulting, managed services, infrastructure, cloud solutions, technical support and IT outsourcing, helping organisations manage and develop business-critical IT environments. ServIT has established long-term customer relationships through its technical expertise, service quality and customer-focused approach.

A strong recurring revenue model and attractive profit margins characterise the business. Furthermore, it provides significant cross-selling opportunities across WPTG’s existing customer base and global distribution channels, supporting future scalable growth and long-term value creation.

ServIT is expected to contribute a revenue of SEK 3.5 million and an estimated EBITDA of over SEK 1.5 million to the White Pearl Technology Group.

On 17 July 2026, the independent bid committee of Aixia published a statement regarding the Offer, and a valuation opinion (fairness opinion) was issued by Forvis Mazars AB on behalf of the independent bid committee. As a result, WPTG has prepared a supplement to the Offer Document (the “Supplement“), which contains the statement from the independent bid committee of Aixia and the fairness opinion from Forvis Mazars AB.

The Supplement was published today, 18 July 2026, and is available on WPTG’s website for the Offer, www.whitepearltech.com. The Supplement shall be read together with, and forms an integral part of, the Offer Document in all respects.

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 at www.whitepearltech.com.

For further 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.

The information was submitted, through the agency of the contact person set out above, for publication on 18 July 2026 at 8:00 p.m.

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 Australia, Belarus, Hong Kong, Japan, New Zealand, Russia, South Africa or the United States of America, or in any other jurisdiction where such an offer would be prohibited under applicable laws or regulations (the “Restricted Jurisdictions”).

Publication or distribution of this press release in or to jurisdictions outside Sweden may be subject to legal restrictions. Persons subject to the laws of jurisdictions other than Sweden should therefore inform themselves about and observe all applicable requirements. In particular, the ability to accept the Offer for persons who are not resident in Sweden may be affected by the laws of the jurisdiction in which they are resident.

This press release has been prepared in order to comply with the requirements under Swedish law, the Takeover Rules and statements by the Swedish Securities Council on the interpretation and application of the Takeover Rules. The information published may therefore differ from the information that would have been published if the 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 on future results, growth and other development forecasts and underlying assumptions, constitute forward-looking information. Forward-looking information is by its nature associated with risks and uncertainties as it relates to future conditions and is dependent 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 what is expressly or impliedly stated in the forward-looking information. All such forward-looking information applies only as at the date on which it is published and WPTG expressly disclaims any obligation to publish updates of 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 solutions for digital transformation. With a presence in over 20 countries and a team of approximately 950 experts, WPTG helps organisations navigate the complexity of the digital era with 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 18 December 2025, WPTG announced that it had entered into a Letter of Intent to acquire Icecon, a Swedish IT consultancy headquartered in northern Sweden. Following the execution of the Share Purchase Agreements, the transaction has now been completed and Icecon is fully integrated into the Group.

Icecon employs approximately 12 people and generated revenue of approximately SEK 18.2 million and EBITDA of approximately SEK 2.9 million in 2025. The acquisition supports WPTG’s long-term strategy of strengthening its geographical presence in Sweden while expanding the Group’s technical capabilities and customer offering. Icecon has established a strong position in the Swedish market through its long-standing customer relationships and specialist expertise within IBM Power environments, enterprise software and mission-critical IT infrastructure.

The SPA
The acquisition has been completed through the execution of theSPA, resulting in WPTG acquiring 100% of the shares in Icecon. The aggregate initial purchase consideration amounts to SEK 2.035 million, comprising SEK 1.185 million in cash and SEK 0.850 million in newly issued WPTG B-shares. The share consideration will be determined in accordance with the applicable volume-weighted average price (VWAP) mechanism set out in the Share Purchase Agreements.

In addition to the initial purchase consideration, the sellers are entitled to a performance-based earn-out linked to Icecon’s EBITDA for the financial year 2026 and the average annual EBITDA for the financial years 2027 and 2028. The earn-out structure is designed to align the interests of the sellers and WPTG by rewarding continued profitable growth following the completion of the transaction. Based on the agreed baseline assumptions set out in the Share Purchase Agreements, the earn-out has a reference value of approximately SEK 7.02 million, although the final amount will depend on Icecon’s future financial performance.

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

“We are happy to complete the acquisition of Icecon and officially welcome the team to White Pearl Technology Group. Icecon has built an excellent reputation in the Swedish market, and its expertise and customer relationships further strengthen our Nordic operations. This acquisition aligns perfectly with our strategy of combining organic growth with selective acquisitions while expanding our capabilities and creating long-term value for our customers and shareholders.” – Ebrahim Laher, CEO of White Pearl Technology Group

About Icecon AB
Icecon AB is a Swedish IT consultancy primarily operating in northern Sweden, with offices in Umeå, Luleå, Kramfors and Gothenburg. The company was founded in 2010 and currently employs approximately 12 people.

Icecon provides advanced services within software development, project and product management, and system integration. The business also includes solutions within cloud services, system delivery, infrastructure and operations, with particular expertise in RPG and Java applications, system integration, communications and IT security.

The company specialises in the IBM Power platform and is certified as an IBM Advanced Business Partner for both hardware and the OS400 operating system. Icecon delivers consultancy services to customers across several technology-intensive sectors, including banking and finance, automotive, transportation, and the forestry and timber industries.

About the project
The new lighting system was officially commissioned during the Springboks’ Test match against Scotland on 11 July 2026, where it successfully operated under live international match conditions.

The project involved the replacement of all 272 stadium floodlights with Afrison-manufactured LED luminaires, together with an intelligent lighting control system and colour show-lighting capability. The upgrade increases lighting performance from approximately 1,300 lux to 2,000 lux while significantly improving energy efficiency, operational flexibility and broadcast quality. The installation was completed in less than two months.

The project also includes a 20-year lease and service agreement under which Afrison will provide ongoing maintenance and technical support, supporting WPTG’s strategy of building long-term recurring service revenues.

Strategic importance
The successful delivery of the Loftus Versfeld project provides an important reference site for WPTG’s Smart Infrastructure platform and demonstrates the Group’s ability to deliver integrated infrastructure solutions combining industrial manufacturing, intelligent control systems and managed services.

The project strengthens Afrison’s position within stadium and smart infrastructure solutions while creating new opportunities across sports venues, public infrastructure and commercial facilities. Approximately 70% of the lighting system’s components were manufactured locally in South Africa, highlighting Afrison’s engineering and manufacturing capabilities.

“The successful delivery of the Loftus Versfeld project is an important milestone for both Afrison and White Pearl Technology Group. Beyond demonstrating our technical capabilities, this flagship installation provides a powerful reference that supports our continued expansion within Smart Infrastructure. As organisations increasingly invest in energy-efficient and intelligent infrastructure, we see significant opportunities to replicate this success across stadiums, public infrastructure and commercial facilities.” – Ebrahim Laher, CEO of White Pearl Technology Group

“This project demonstrates that South African engineering and manufacturing can compete successfully at the highest international level. We are proud to have delivered a future-ready lighting solution that supports elite sport, world-class broadcasting and enhanced spectator experiences.” – Van Rooy van den Berg, Founder and CEO of Afrison

Prospectus, offer document and acceptance form

The Prospectus was approved by the Swedish Financial Supervisory Authority on 10 July 2026 and is published today, 13 July 2026. An offer document has been prepared in accordance with the Swedish Securities Markets Self-Regulation Committee’s Takeover Rules for certain trading platforms and is published today.

The Prospectus and the Offer Document are available on WPTG’s website (www.whitepearltech.com) and on Aqurat Fondkommission AB’s website (www.aqurat.se).

The acceptance form will be distributed to shareholders of Aixia whose holdings are directly registered with Euroclear Sweden AB on 13 July 2026 and will be available on WPTG’s website and Aqurat Fondkommission AB’s website (see above). Shareholders of Aixia whose shares are held through nominees are referred to the relevant nominee for instructions regarding acceptance of the Offer.

Indicative timetable

Acceptance period: 13 July 2026 – 10 August 2026

Settlement of consideration: around 26 August 2026

WPTG reserves the right to extend the acceptance period for the Offer, as well as to postpone the date for settlement of consideration. Any such extension or postponement will be announced by WPTG by way of press release in accordance with applicable laws and regulations.

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 at www.whitepearltech.com.

For further 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.

The information was submitted, through the agency of the contact person set out above, for publication on 13 July 2026 at 08.00

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 Australia, Belarus, Hong Kong, Japan, New Zealand, Russia, South Africa or the United States of America, or in any other jurisdiction where such an offer would be prohibited under applicable laws or regulations (the “Restricted Jurisdictions”).

Publication or distribution of this press release in or to jurisdictions outside Sweden may be subject to legal restrictions. Persons subject to the laws of jurisdictions other than Sweden should therefore inform themselves about and observe all applicable requirements. In particular, the ability to accept the Offer for persons who are not resident in Sweden may be affected by the laws of the jurisdiction in which they are resident.

This press release has been prepared in order to comply with the requirements under Swedish law, the Takeover Rules and statements by the Swedish Securities Council on the interpretation and application of the Takeover Rules. The information published may therefore differ from the information that would have been published if the 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 on future results, growth and other development forecasts and underlying assumptions, constitute forward-looking information. Forward-looking information is by its nature associated with risks and uncertainties as it relates to future conditions and is dependent 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 what is expressly or impliedly stated in the forward-looking information. All such forward-looking information applies only as at the date on which it is published and WPTG expressly disclaims any obligation to publish updates of 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 solutions for digital transformation. With a presence in over 20 countries and a team of approximately 950 experts, WPTG helps organisations navigate the complexity of the digital era with 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.

The call will be held in English and will be based solely on information the Company has previously made public.

Details of the call

Date: Wednesday 15 July 2026
Time: 15:00–16:00 CEST (15:00 SAST / CAT)
Format: Live video call (Google Meet) with Q&A – no registration required
Video link: https://meet.google.com/jqo-xxbj-kvh
Dial-in: (ZA) +27 10 823 0453, PIN: 283 486 534#
International dial-in numbers: https://tel.meet/jqo-xxbj-kvh?pin=9209334493096

Questions may be submitted in advance to ir@whitepearltech.com. A recording of the call will be made available on the Company’s website, whitepearltech.com, after the event.

For further information, please contact:

ir@whitepearltech.com
info@whitepearltech.com

About Ebrahim Laher
Ebrahim Laher has more than 30 years of international experience in the technology industry. As co-founder of White Pearl Technology Group, he has played a pivotal role in shaping the Group’s strategy, culture, international expansion and acquisition agenda. In recent years, he has served as Strategic Advisor, supporting the Group’s continued development and long-term strategic direction.

The Group’s strategic direction remains unchanged. Under Ebrahim Laher’s leadership, WPTG will continue executing its long-term growth strategy by combining organic expansion with selective acquisitions while further strengthening its position as a global provider of digital transformation services, enterprise software, cybersecurity, cloud, AI and managed services.

Ebrahim Laher controls, directly and indirectly through Webbleton Holdings Ltd and Bendflow Pty Ltd, 44.1% of the shares and 43.7% of the voting rights in White Pearl Technology Group.

Marco Marangoni’s new role
Marco Marangoni will transition from his current executive role into the position of Strategic Advisor and Board Member. In this new role, Marco will continue to support the Group at a strategic level, with a particular focus on continuity, client and partner relationships, acquisition integration, operational knowledge transfer, and long-term value creation. His continued involvement ensures that the business retains his deep institutional knowledge, experience, and understanding of the Group’s history, culture, and growth journey.

The Board wishes to express its sincere appreciation to Marco for his leadership, commitment, and contribution to the development of the Group.

“As White Pearl Technology Group enters its next stage of development, the Board believes this is the right time for Ebrahim to assume the role of CEO. His entrepreneurial leadership, deep understanding of our business, and long-term vision make him uniquely positioned to lead the Group into its next phase of growth. At the same time, we would like to thank Marco for his outstanding contribution in strengthening the organisation and creating a solid platform for the future. “ Sven Otto Littorin, Chairman, White Pearl Technology Group

“Founding White Pearl Technology Group has been one of the greatest privileges of my professional life. Together with Marco, we have built a unique global platform with exceptional talent, trusted customer relationships, and a strong entrepreneurial culture. I am excited to take on the role of CEO and to work even more closely with our teams around the world as we continue accelerating our growth, expanding our capabilities in AI and digital transformation, and creating long-term value for our customers and shareholders,” – Ebrahim Laher, CEO of White Pearl Technology Group