Investor Presentaiton

Pro Forma Valuation³ Transaction Overview Pro Forma Equity Ownership Sources ($m) Equity of Existing Innoviz Shareholders SPAC Cash in Trust¹ Total PIPE Proceeds Uses ($m) $975 Equity of Existing Innoviz Shareholders $975 Share Price $150 Cash to Balance Sheet $370 Existing Innoviz Cash² $200 Estimated Fees and Expenses $50 $30 x Pro Forma Shares Outstanding (M) Market Cap ($M) Less: Net Cash ($M) Total Sources $1,375 Total Sources $1,375 Enterprise Value ($M) $10.00 140.3 $1,403 $(370) $1,033 Commentary > All Innoviz existing shareholders retain stake in the company › Transaction proceeds will be used for development of Innoviz next generation products and continued commercialization efforts > > The transaction, which has been unanimously approved by the boards of directors of both Innoviz and Collective Growth, is targeted to close in the first quarter of 2021 Additional shares to be granted pursuant to an earn-out to certain members of Innoviz management (1.25m)³, Antara Capital (325k)³ and Perception Capital (2.125m)³, if the stock trades at or above 125% of the implied Innoviz share value for 10 out of 20 trading days at any time before 4 years following completion of the business combination Pro Forma Ownership4 11% 4% Innoviz Existing Shareholders 14% Public SPAC Shareholders 71% PIPE Investors Sponsor Shares 1 Assumes no redemptions from SPAC's existing public shareholders; 2 Expected cash on Innoviz balance sheet as of the end of 2020; 3 Assumes new shares issued at $10.00 per share following expected reverse stock split prior to the effective time of the merger; 4 Illustrative pro forma ownership reflects ownership before taking into account a post-closing management incentive equity plan and assumes no redemptions from SPAC's existing public shareholders. Innoviz existing shareholders include 2.5m shares issued to management as part of this transaction. Sponsor Shares includes shares owned both by Antara Capital, Perception Capital and Collective Growth Corp. sponsors. Note: all share counts and ownership data do not take into account 20.9m warrants with $11.50 exercise price held by SPAC public shareholders, the co-sponsors and Innoviz shareholders and management INNOVIZ™ TECHNOLOGIES © Innoviz Technologies Ltd. 2020 All Rights Reserved - Proprietary & Confidential. No part of this document may be reproduced or disclosed in any manner. 29 29

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