Bakkt SPAC Presentation Deck

Bakkt Has Strong Institutional Support Bakkt is currently 81%(¹) owned by ICE but also maintains marquee strategic and venture capital stakeholders including Boston Consulting Group, Microsoft's M12, Starbucks and PayU . In building this platform, ICE and minority investors have contributed more than $880 million of capital and assets to date, leveraging ICE's leading competency of creating and operating market infrastructure ICE is rolling 100% of its equity stake and has anchored the PIPE with a $50 million commitment Pro forma $574 million (2) cash to accelerate growth . . $880+ Million of Capital & Assets Invested Investment (Smm) $183 $400 Series A - Cash invested Series A - ICE asset contribution Series B - $39.2mm of cash invested and contribution of $260.8mm of B2S assets acquired by ICE Total $300 $883 Notable Stakeholders BCG (1) Represents ownership on a fully-diluted basis. bakkt 2 Pro forma cash includes $92 million of cash on Bakkt balance sheet. Minimum cash condition is $425 million Ice Payu Represents ICE pro forma economic interest, ICE's effective voting interest will be below 50% Represents ownership on a fully-diluted basis Pro Forma Ownership PIPE 12% VIH Public Shareholders 8% VIH Founder Shares 2% ICE Pro Forma Ownership 65% Bakkt Equity Holders 78%

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