REE SPAC Presentation Deck

Investment Thesis The cornerstone of next generation electric mobility Tailwinds Trillion dollar¹ global market undergoing rapid transformation Regulatory environment; maturing technology; consumer behavior Team Entrepreneurial & industry experienced Technology: The Corner Elegant, disruptive - with 60+ patents Differentiated offering - superior platform offering TAM: Largest² in Peer Group Best approach: Horizontal B2B business model Scalable, Capex-light model Completes other EV makers and suppliers, doesn't compete Traction / Go-to-Market Momentum Starting in highly profitable market segment Blue-Chip strategic partners, customers, investors Significant signed demand - Highly Differentiated from other EV Offerings REE's tech & business model are agnostic to who or what wins, as market develops Battery vs. Fuel Cell Autonomous vs. Human Driven Startups vs. Incumbents (RE: OEMs, Manufacturers or component suppliers) Real, essential Tech. Real, diverse Market Validation. Real Competitive Moat - RBE Confidential and Proprietary Information (1) (2) Based on REE's average selling price and Frost & Sullivan Forecast See slide: Unique Technology & Go-To-Market Strategy Relative to New Mobility Players 6

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