Completion of Retail Offer

BLACKPEARL GROUP | INVESTOR ANNOUNCEMENT

29 AUGUST 2025
Completion of Retail Offer


Blackpearl Group Limited (NZX: BPG) is pleased to announce it has completed the retail component
(Retail Entitlement Offer) of its accelerated non-renounceable entitlement offer (ANREO).

The Retail Entitlement Offer closed on Monday, 25 August 2025, raising gross proceeds of
approximately NZ$3.4m. The offer was well supported through the take up of entitlements by eligible
retail shareholders and additional new shares issued through the Oversubscription Facility and
placement to investors.

As previously disclosed on 12 August 2025, BPG also successfully undertook a placement and
institutional ANREO of approximately NZ$10.3m, which was oversubscribed. In total, approximately
NZ$13.7m has been raised to date across the placement, institutional ANREO, and Retail Entitlement
Offer.

In accordance with NZX Listing Rule 4.4.1(a), BPG is entitled to allocate the remaining offer capacity
over the next three months, and will update the market if it elects to do so.

Allotment and settlement of the shares issued under the Retail Entitlement Offer are expected on
Monday, 1 September 2025, with trading expected to commence on the same date. The new shares
will rank equally in all respects with BPG’s existing ordinary shares.

ENDS


Contact

Released for and on behalf of BPG by Karen Cargill, Interim Chief Financial Officer.
For further information, please contact: karen.cargill@blackpearl.com | +64 21 135 5183

About Blackpearl Group

Blackpearl Group (BPG) is a market leading data technology company that pioneers AI-driven sales
and marketing solutions for the US market.

Specifically engineered for small-medium sized businesses (SMEs), BPG consistently delivers
exceptional value to its customers. Our mantra is simple: ‘Better Growth Together’. When our
customers win, we win.

Founded in 2012, BPG is based in Wellington, New Zealand, and Phoenix, Arizona.

Blackpearl.com