Arrival SPAC Presentation Deck

ARRIVAL Superior total cost of ownership Arrival Van and Bus Vehicle Highly competitive purchase price due to design and vertical integration Best in class product attributes - weight, cargo volume, payload - Infrastructure Scalable design allowing for multiple power configurations Smart charging software enabled Energy Optimized energy efficiency kWh/km for specific use cases Flexible battery pack configuration Maintenance costs Modular components for ease of replacement Quick, simple and cost-effective serviceable panels - Engineered to serve 10+ years 3) Competitor's data is provided by Arrival internal market research team. 4) Diesel vehicle is compliant to Euro 6 standard. Van total cost of ownership¹ 100km per day, 365 days per year over 10 years INVESTOR PRESENTATION -$92K -17% improvement Arrival Van² -$0.25 per km -$111K -28% improvement Note: Vehicle chassis has been designed to endure daily vehicle operation based on UK duty cycle for 20 years. 1) Total Cost of Ownership = Purchase price + fuel cost +infrastructure cost + maintenance cost less residual value divided by 365,000 kilometers. 2) Based on current design. Diesel Van3 -$0.30 per km -$127K Competitor E-Van³ -$0.35 per km Transit bus total cost of ownership¹ 250km per day, 365 days per year over 10 years -47% improvement -$396K Arrival Bus² -$0.43 per km -50% improvement -$752K Diesel Bus4 -$0.82 per km -$790K 10 Competitor E-Bus³ -$0.87 per km CONFIDENTIAL - ARRIVAL SARL

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