Mr. Alain Ghiai reports

SEKUR PRIVATE DATA PROVIDES PROGRESS UPDATE THROUGH CEO LETTER TO SHAREHOLDERS

Sekur Private Data Ltd. has provided a shareholder update on its past six months activities.

Dear shareholders,

This year we set out to pivot the company to a better path to profitability -- moving from a consumer privacy market that competes on price, to the customers whose need is most acute: government, defence and intelligence organizations, and the executives whose communications are actively targeted. The move started in the past 12 months and is now fully complete. Here is a summary of the last six months activities:

What we built

In February our portfolio was listed on the GSA Multiple Award Schedule through i3ICS (contract 47QTCA18D0089), giving federal, state and local agencies a precompeted path to purchase Sekur. In May we signed a defence distribution agreement with Elyon International, an SBA-certified woman-owned and veteran-owned small business with nearly 30 years of mission support experience, and in June a consumer demand partnership with AdRevv. We demonstrated live encrypted calling to invited defence and special operations guests in May, and introduced our controlled unclassified information capabilities to the intelligence community at the DIA's DoDIIS Worldwide Conference in August.

New website launched

In May we launched a rebuilt corporate website restructured to reflect our focus on high-net-worth individuals, corporations and government, defence, intelligence, and law enforcement agencies.

Our investor relations website is now part of the new corporate site in this section.

Leadership and advisory appointments

Selling into the defence and intelligence community requires people who understand how these organizations actually buy. Over four months in 2026 we announced the following appointments -- serious people who joined because they believe the problem is real and they have validated our solutions:

• April 7 -- Philip A. Oakley appointed to the strategic advisory board. A decorated intelligence professional and entrepreneur holding TS/SCI clearance, with dual master's degrees in strategic intelligence and national security from the Joint Military Intelligence College and the Naval War College, and 16 years in federal technology sales across a group of companies accounting for more than $1.6-billion (U.S.) in sales.
• April 7 -- Kenneth D. Rogers appointed to the strategic advisory board. A senior government and technology executive who served in deputy CIO and IT comptroller roles at the U.S. State Department, overseeing an approximately $1.3-billion (U.S.) budget and a $3.8-billion (U.S.) IT portfolio, and leading enterprise IT strategy and acquisitions.
• April 20 -- John T. Lewis appointed chief technology officer and strategic advisory board member. A 34-year veteran of the CIA's Senior Intelligence Service and a Trailblazer Medal recipient, with deep expertise in secure systems and RF technologies.
• April 29 -- Lt. Gen. Raymond Palumbo, U.S. Army (Ret.), appointed chairman of the strategic advisory board. Former director for defence intelligence and commander of the Pentagon's ISR Task Force, following a distinguished career in special operations.
• June 18 -- Nathan R. Price appointed special adviser for diplomacy and intelligence. A former U.S. State Department foreign affairs analyst with over a decade of diplomatic experience, most of it in the Bureau of Intelligence and Research, who supported the final negotiations that ended the U.S. war in Afghanistan. A graduate of Georgetown University's Edmund A. Walsh School of Foreign Service.
• June 23 -- Annette L. Redmond appointed to the strategic advisory board. A 40-year career across the U.S. intelligence community, the Department of Defense and the Department of State, most recently as deputy assistant secretary for intelligence policy and co-ordination in the State Department's Bureau of Intelligence and Research from September, 2019, until her retirement in December, 2023.
• July 7 -- Chief Master Sergeant (Ret.) Rafael Beltran appointed to the OpsTech special advisory board. Former SOcom senior technical adviser to the CIO/J6 and executive communications chief.
• Other distinguished advisers are being added this year, to expand our reach in several sectors, nationally and internationally. Visit our new website section for leadership for updates.

SekurOne. Our integrated platform -- encrypted voice, video, e-mail, messaging and VPN on our proprietary HeliX architecture -- completed its first domestic and international encrypted calls this year, and paid beta clients onboard in September. SekurOne is ready for commercial launch on iOS and Web in the first week of October at $300 (U.S.) per month, with Android following in the first week of November, and conferencing and video completing the platform by the end of December.

Built in-house

We built encrypted voice across every major operating system on our own architecture rather than on licensed components -- work that competitors relying on third party stacks have not done. Defence and intelligence buyers evaluate a platform once, and we intend to arrive with one that performs.

On our numbers

In July we reported average revenue per user up 25 per cent month over month as premium subscribers replaced legacy accounts. That is real progress, and it is also a ratio: it rises when we replace low-priced accounts and when those accounts simply leave. Our total revenue has declined during this transition, because we are shedding legacy subscribers faster than we are adding premium ones. That is the expected shape of this kind of shift. We expect revenues to increase as we start selling SekurOne licences in Q4 2026, along with the continued replacement of legacy lower priced clients with premium clients.

Capital

We closed a non-brokered private placement of $1,205,560 (U.S.) in January, with directors and officers participating alongside shareholders. In June we announced a further non-brokered placement of up to $1.4-million (U.S.), priced at seven U.S. cents per unit with a full warrant exercisable at 10 U.S. cents. Subscriptions are being received by investors, and we expect to close this placement before mid-December. Proceeds are directed to SekurOne commercialization and our U.S. government and corporate sector sales effort.

What comes next

Management currently estimates that approximately 200 SekurOne subscribers -- roughly $60,000 (U.S.) in gross monthly recurring revenue -- would bring the company to profitability. Management has high confidence that it can achieve these numbers organically or through a government contract within six months from our October, 2026, launch of SekurOne, and has already started presales for SekurOne in the U.S. Internationally, the solution is being presented in Switzerland and Africa ahead of its launch. The milestones ahead are specific: beta clients onboarded from mid-September, commercial launch in October, and above all our first named government or defence contract, whether in the United States or Africa. Everything described above exists to produce that outcome. We have built the apparatus; we now have started to use it.

Africa

Our Africa division has moved quickly this year. The July cyberattack on Unitel, Angola's largest operator, disrupted mobile voice, data and internet nationwide for 23 days across a subscriber base of more than 21 million -- a demonstration of how much depends on a single carrier, and of why government and corporate users need communications that do not rely on that infrastructure. Interest has followed. Our Africa director of operations, Christophe Kabeya, is in Angola to discuss a possible nationwide exclusive partnership with a partner and we expect a final resolution by the end of September, at which time we will make a public announcement with more details. In the Democratic Republic of the Congo, we have received a positive recommendation from a government security body and await official confirmation before opening discussions on commercial terms for Sekur licences.

Private sector

We are preparing to introduce SekurOne to high-net-worth individuals and businesses in the sports and entertainment industries through our network of referral partners. We have identified several targets and prospective VIP clients in those sectors and are preparing the supporting documentation now to be ready for October launch.

Management believes very strongly in the future of the company and has backed that belief with its own capital. Members of management purchased shares in the open market in six separate months this year -- January, February, March, May, July and August -- and directors and officers subscribed alongside shareholders in the January placement. There have been no insider sales. These transactions are a matter of public records in our SEDI filings.

We are grateful for your continued support and do not take it for granted. Feel free to e-mail us at investors@sekur.com with any questions or comments.

About Sekur Private Data Ltd.

Sekur Private Data is a Swiss-hosted cybersecurity, defence communications and privacy solutions provider, offering a secure suite of tools to protect governments, defence and federal agencies, businesses, and individuals from unauthorized access and cyber threats. With capabilities such as SekurOne, SekurMail, SekurMessenger and SekurVPN, Sekur provides a reliable and secure means of digital communication and data storage for controlled unclassified information (CUI), classified-adjacent and civilian communications use, grounded in Swiss privacy standards with on-premises infrastructure for government agencies, allowing for data sovereignty. Sekur sells its solutions through its website, approved distributors and telecommunications companies globally, and through the U.S. General Services Administration (GSA) Multiple Award Schedule (MAS), contract No. 47QTCA18D0089 serving governments, defence institutions, federal agencies, businesses and consumers worldwide. Sekur's main sales operations are in Miami, United States.

We seek Safe Harbor.