Investor Presentaiton

14 2 Private LTE Market Opportunity: Attractive & Growing Secular trends provide strong tailwinds: Anterix Anterix is well positioned in a large and rapidly growing market Systemic risk of cyber invasions California wildfire mitigation 101101 Increased demand for data-rich 011010 101011 applications Decarbonization / Renewable Energy Once-in-a-century storms and other natural disasters $30B IOU Annual Telecom Capex Spend Source: Estimates-based research sponsored by company. IOU projected 2023 Telecom Capex spend.

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