White Pearl Technology

Transaction Highlights:

• Purchase price: Initial cash payment of SEK 9 million
• The performance-based earn-out structure over 4 years, with potential additional consideration of up to SEK 11 million in WPTG shares

The acquisition will be financed through existing cash resources and newly issued WPTG shares for the earn-out component. The earn-out structure is divided into four periods:

• Year 1: Up to SEK 2.75M in shares
• Year 2: Up to SEK 2.75M in shares
• Year 3: Up to SEK 2.75M in shares
• Year 4: Up to SEK 2.75M in shares

Strategic Rationale:

• Strengthens WPTG's direct presence in the Swedish market
• Adds complementary IT service capabilities
• Creates cross-selling opportunities in the Nordic region
• Provides access to skilled IT professionals
• Expected to be earnings accretive from year one

Marco Marangoni, CEO of White Pearl Technology Group, commented: "The acquisition of Lumi4ry marks an important step in our Nordic growth strategy. Their strong client relationships and technical expertise complement our existing operations and will help accelerate our expansion in Sweden."

Tony Lynden, CEO of Lumi4ry, added: "Joining WPTG provides an excellent platform for our continued growth. We look forward to leveraging WPTG's international presence and broader service offering to benefit our clients."

This information is such 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 10:00 CET on 24 February 2025.

For further information, please contact: Investor Relations 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, phone: +46 8 546 017 58.

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. It offers services ranging from ICT and system integration to business software and digital innovation.