REE SPAC Presentation Deck

Attractive Single Platform Unit Economics Platform 4T - Up to 4-ton Light-Duty Commercial Vehicle Total Vehicle Cost System REE Platform Battery³ Body4 Total Vehicle Cost REE Cost $25,000 $10,800 $9,600 $45,400 (1) RBE Confidential and Proprietary Information (2) (3) (4) (5) Bill of Materials at Mass Production¹ $25,000 Gross Revenue $6,312 Platform 2 Comparable LCV MSRPs ($ in k)5 $2,668 Front Corners Volkswagen e-Crafter 5.5T Mercedes eVito 3.2T Volkswagen ABT eTransporter 3.2T Master ZE 3.1T Example calculation based on current P4 platform Excludes drive motors and battery Estimated cost based on comparative LCV models. Assumes $180 / kWh Estimated cost based on comparative LCV models MSRP, excluding taxes and grants. Based on publicly available information and statistics regarding market participants in the sectors in which REE compete $5,764 Rear Corners $1.295 Labor & Others $50 $57 $67 $76 - 36% Gross Profit Margin $8,961 Platform Gross Profit 25

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