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Summary of Refinancing Transaction

KORE is well positioned in the early innings of an exciting growth opportunity in lot 2020 2025 2030 Devices (bn) IoT Market ($bn) $382B $78B $35B $906B $269B 18.9% CAGR $250B $608B 50.5% CAGR $48B ~$7 Trillion Applications & Platforms Managed Services ■Connectivity 12% 5% 3% 7% 2% 12% 10% 5% 40% 10% 15.8% CAGR 26% Connected Devices = 22 billion 12% 21% 57% 24.6% CAGR Connected Devices = 37 billion 78% Connected Devices = 91 billion IoT Devices = 12 billion M2M IOT IoT Devices = 25 billion Smartphones PC / Tablets TVs Other Source: GSMA (IoT Revenue: State of the Market 2020); Ericsson (Mobility Report 2020); Cisco Annual Internet Report Highlights Tool 2020; IDC (Worldwide 5G Connections Forecast, 2019-2023) and KORE Forecasts KORE IoT Devices = 75 billion 10

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