White Bidco Limited, an entity indirectly owned by the Francisco Partners Funds, has provided an update on the acceptance level of its recommended cash offer for Blancco Technology Group plc. As of August 29, 2023, valid acceptances of the offer had been received in respect of a total of 35,945,587 Blancco shares, representing approximately 47.47% of Blancco's existing issued share capital. This includes valid acceptances in respect of 26,351,206 Blancco shares, which were the subject of irrevocable undertakings in favor of Bidco, and valid acceptances in respect of 8,875,000 Blancco shares, which were the subject of a non-binding letter of intent. Additionally, a further 35,000 Blancco shares were the subject of an irrevocable undertaking, but valid acceptance had not yet been received by the Receiving Agent as of the specified date. Bidco may count the 35,945,587 Blancco shares towards satisfaction of the Acceptance Condition to its offer. As of the date of the announcement, Bidco holds no Blancco shares, and none of the valid acceptances have been received from persons acting in concert with Bidco. Blancco shareholders who have not yet accepted the offer are urged to do so by no later than 1.00 p.m. (London time) on the Unconditional Date (October 7, 2023).