Kore SPAC Presentation Deck

Strong organic growth performance, lift off ahead ($ in millions) $ 200 $46 $ 115 $ 40 2018A +10% CAGR +10% CAGR $ 206 $33 $ 125 $ 47 2019A 2018A - 2025P Revenue Bridge % of Revenue I from Installed Base as of 2020A $ 207 $22 $ 138 $ 48 2020P IoT Solutions -97% +14% CAGR +30% CAGR $ 219 $ 144 $ 59 2021P $15 ■CaaS ~90% $ 238 $ 163 $ 70 2022P Note: Financials represent KORE's projections through 2025E developed for the purposes of this presentation KORE $5 -83% $ 276 $ 187 $ 89 2023P LOne-time Churn -79% $ 333 $ 213 $ 120 2024P -75% $ 414 $ 246 $ 168 2025P Organic Revenue Growth • ~26% organic growth (average from 2018 to 2022) with top ● Commentary ● ● customers driven by volume gains and cross selling • ~92% recurring revenue One Time 2G / 3G Sunsetting Forecast reflects known impact of sunsetting as the industry transitions to 5G One Time Churn Average ~90%+ revenue visibility through 2023P Forecast reflects one time churn from historical integration events By nature of KORE's business, it takes several years for non-core customer revenue to churn off the network despite the churn decision being made several years ago 31

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