Supernet Technologies Limited — Share Issue/Capital Change 2026

Jun 1, 2026

SUPERNET GLOBAL
Your Digital Partner
June 01, 2026

The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building
Stock Exchange Road
Karachi

Subject: Disclosure of Material Information

Dear Sir,

In accordance with Sections 96 and 131 of the Securities Act, 2015 and the relevant provisions of the Rule Book of the Pakistan Stock Exchange Limited, we hereby convey the following:

At a meeting of the Board of Directors of Supernet Technologies Limited (hereinafter referred to as the "Company") held at 12:00 p.m. on June 01, 2026 at the registered office of the Company located at Karachi, the Board of Directors resolved that the Company intends, in the near future, to potentially carry out a right issue of ordinary shares.

The aggregate amount of the potential right issue may, if deemed fit by the Board at the relevant time, shall be up to PKR 914,765,538/- (Pak Rupees Nine Hundred Fourteen Million Seven Hundred Sixty-Five Thousand Five Hundred Thirty-Eight), which, if the Company proceeds to announce, are intended to be issued at a price (as ultimately determined by the Board) not exceeding PKR 10/- per share, the proceeds of which are intended to primarily be utilized for, inter alia, (i) supporting the Company's working capital needs for upcoming projects, which are anticipated to materially strengthen the Company's operational performance and growth prospects; and (ii) partially funding the consideration payable by the Company to Telecard Limited pursuant to the Share Purchase Agreement dated 15 February 2024 for the acquisition of 51% shares of Supernet Limited; and (iii) such other purposes as ultimately determined by the Board of Directors.

The purpose of the above is to enable shareholders, particularly associated concerns, of the Company to obtain corporate approvals, including shareholders' approval, to invest in the potential right issue of the Company (if deemed fit by such parties) and provide confirmations to the Company (if required under the applicable laws). The Board further resolved that it may approve and announce the actual right issue at a future date in accordance with the applicable laws, as the Board deems fit.

You may please inform the TRE Certificate Holders of the Exchange accordingly.

Yours faithfully,

SUPERNET TECHNOLOGIES LIMITED

Muhammad Farhan Saeed
Company Secretary

Copy to:
The Director / HOD
Surveillance, Supervision and Enforcement Department
Securities and Exchange Commission of Pakistan
NIC Building, 63 Jinnah Avenue, Blue Area, Islamabad

SUPERNET TECHNOLOGIES LIMITED
4th Floor, Tower B, World Trade Center, 10 Khayaban-e-Roomi, Block 5, Clifton, Karachi-75600, Pakistan
www.supernet-technologies.com
Supernet Limited has been merged with and into Supernet Technologies Limited pursuant to the Order of the Honrable High Court of Sindh dated 24 February 2026.