Freyr SPAC Presentation Deck

FREYR's Technology Leadership Co-Founder Peter Matrai: accomplished executive in executing disruptive, IP-centric technology strategies Over 20 years experience in technology commercialization & operations Developed, implemented and successfully executed technology licensing strategies and business models Extensive experience in sustainability ventures Butamax and BP Biofuels North America ■ ■ ■ CTO Ryuta Kawaguchi: extensive battery technology expertise Over 25 years direct battery and fuel cell engineering experience Responsible at Nissan for battery technology development for the LEAF and other EV models Solution Owner at Dyson EV Battery ■ ■ In depth technology selection process Started selection process in June 2019 Engaged with over 20 companies in Europe, China, Korea, Japan and the US 24M Technologies selected for strategic licensing partnership ■ ■ ■ Focus on 24M Technologies licensing partnership 24M is revolutionizing the lithium-ion cell manufacturing process and platform ¹) Advantages include production readiness, technology flexibility, large cell forms and ease of recycling ¹) ■ ■ Highly accomplished and experienced FREYR technical team in battery technology, production and applications 1) Source: 24M Technologies FREYR Clean battery solutions Peter Matrai Board Member & Co-Founder Ryuta Kawaguchi Chief Technology Officer 21

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