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Quarterly Update

Q2 2026

Quarterly Update

A Message from the Chairman

Terry Matthews - Chairman

We live in a time of substantial and global technological change. A timeline of opportunities for entrepreneurs and businesses that can innovate, adapt, and move quickly. Across our Wesley Clover International tech ecosystem, we are seeing this momentum firsthand, with companies advancing new technologies, entering international markets and delivering solutions to complex challenges.

Yes, AI is driving innovation across our tech portfolio.

Cliniconex is expanding its healthcare solutions into paramedicine, while PrivaMap is improving safety and efficiency across complex industrial environments. GRC Concierge is extending its cybersecurity and compliance expertise into the growing AI data center market, helping strengthen the security and resilience of critical infrastructure. These companies demonstrate how innovation can address real customer needs and create opportunities for rapid growth.

Of note this quarter, in our new Technology Insights section, thinkRF published a global incident review for fraud and surveillance, documenting the growing use of rogue cellular base stations. The review highlights emerging threats and the increasing importance of spectrum intelligence for public safety and national security.

Through Alacrity Global and L-SPARK, we continue to support entrepreneurs, connect innovation with industry, and help companies compete globally. Emerging opportunities in sovereign AI, defence and dual-use technologies reinforce the importance of building and scaling innovative businesses.

Beyond technology, our hospitality and community businesses continue to deliver impressive results. The recognition of The Celtic Collection as AA Hotel Group of the Year in the UK is a tremendous achievement, and in Canada, the BrookStreet Resort and Wesley Clover Parks continue to bring people together and support their local communities.

In technology, timing is everything. The convergence of AI, advanced communications and security technologies is transforming industries and creating entirely new markets. The challenge, and the opportunity, is to recognize these shifts early, move rapidly and turn innovation into commercial success.

For me, life is about market demand, move quickly and gain customers … ultimately, this determines corporate success.

—Kind Regards,
Terry Matthews
Chairman

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