Update in relation to Topline Capital Partners LP

Key points

• Topline Capital Partners LP currently holds approximately 7.36 million shares in Dropsuite (10.47% of issued capital)
• Topline Capital remains highly supportive of the proposed transaction with NinjaOne
• Previous holding of 13,829,409 shares (19.7% of issued capital) disclosed in Form 604 dated 18 February 2025

Full summary

Dropsuite Limited (ASX: DSE), a global cloud backup and archiving software provider, has received a written communication from Topline Capital Partners LP. In the communication, Topline Capital advised that it currently holds approximately 7.36 million shares in Dropsuite, which represents approximately 10.47% of the company's issued capital. This is a decrease from the previous holding of 13,829,409 shares (19.7% of issued capital) disclosed in Topline Capital's Form 604 dated 18 February 2025. Despite the reduced shareholding, Topline Capital has advised the Company that it remains highly supportive of the proposed transaction with NinjaOne. The announcement was approved by the Board of Directors.