Kore SPAC Presentation Deck

Sources & uses / pro forma valuation ($ in millions) Estimated Sources & Uses Sources Existing KORE Shareholders Equity Rollover¹ SPAC Cash in Trust 2 SPAC Sponsor Shares³ PIPE Investors Total Sources Uses Existing KORE Shareholders Equity Rollover¹ SPAC Sponsor Shares 3 Paydown of Preferred 4 Paydown of Term Loan Cash to Balance Sheet Estimated Fees and Expenses Total Uses ($mm) $346 259 73 225 $ 903 $346 73 262 50 133 39 $ 903 38.3 % 28.7 8.1 24.9 100.0 % 38.3 % 8.1 29.0 5.5 14.7 4.3 100.0 % Illustrative Pro Forma Valuation Illustrative Share Price Pro Forma Shares Outstanding5 Implied Equity Value Plus: Est. Pre-Transaction Net Debt6 Less: Paydown of Debt Less: PF Cash to Balance Sheet Implied Pro Forma Enterprise Value Implied 2022E Adj. EBITDA Multiple Illustrative Pro Forma Ownership5 24.9% 8.1% 28.7% 38.3% ■ Existing KORE Shareholders Equity Rollover¹ SPAC Public Investors 3 $10.00 90.3 $ 903 $294 (50) (133) $ 1,014 15.2 x SPAC Sponsor Shares ■ PIPE Investors (1) Represents existing holders of KORE common stock, including Abry Partners. (2) Assumes estimated cash held in trust at closing and no redemption of CTAC public shares. (3) SPAC Sponsor Shares include 6.479mm CTAC Founder Shares and 0.818mm of CTAC Private Placement Shares underlying the Private Placement Units. (4) Paydown of preferred reflects estimated aggregate liquidation preference as of 06/30/2021. (5) Excludes dilutive impact of 8.639mm warrants from CTAC's public offering and 0.273mm Private Placement Warrants underlying the Private Placement Units. All warrants have a strike price of $11.50 per share. Also excludes the impact of pro rata dilution for new management equity plan expected to be adopted at closing. (6) Pre-Transaction Net Debt equals financial indebtedness net of pre-transaction estimated cash and excludes potential debt-like items such as tax liabilities among others. KORE 6

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