REE SPAC Presentation Deck

Superior Total Cost of Ownership Vehicle - Superior footprint, weight, cargo volume and payload attributes - Better maneuverability & faster parking -Extra space to carry more goods per route -Low center of gravity - Flexible battery packaging for maximum range Maintenance Costs - Quick REEcorner replacements - efficient module swaps for reduced Mean Time to Repair (MTTR) _Reduced scheduled maintenance via Preventative Maintenance Al _Minimal downtime Power and Infrastructure Power agnostic (BEV or FCEV) -Modular pack configurations - Fast and smart charging Lifecycle -Built to last, >12 year lifecycles - Body can be rebuilt without changing corners Power source upgradeable over time - Component and function upgrades over time RBE Confidential and Proprietary Information (1) Total Cost of Ownership¹ $73,915 REE P4 Electric 2023 CY $0.20/km $91,250 Next Gen Electric 2023 CY $0.25/km $144,545 Diesel 2021CY $0.40/km Class 2 Vans 19% reduction from new generation EV Vans 49% reduction from traditional Diesel Vans $109,565 REE P7 Electric 2023 CY $0.30/km $118,770 Electric 2021 CY $0.33/km $269,210 Diesel 2021CY $0.74/km Class 4 Vans 8% reduction from EV Vans 59% reduction from traditional Diesel Vans Assumes 36,500 km in operation per year for a 10 year period Total Cost of Ownership includes purchase price + energy cost + infrastructure cost + maintenance cost less residual value. Competitor data based on publicly available information and statistics regarding market participants in the sectors in which REE competes and analyzed by REE internal research team. Diesel vehicle compliant with Euro 6 standards 24

View entire presentation