Polestar SPAC Presentation Deck

Focus on the premium / luxury segment Already in production Global geographic reach 2+ SUV models by 2023E Asset light¹ Global service network Public sustainability targets Highway autonomy by 2024E³3 Break-even reached or targeted by 2023E4 Transaction overview and valuation Differentiatied asset-light operations with global coverage, full product offering and sustainability focus 1 Based on Total Assets/2020A Revenue metrics 2 Based on observations of public materials 3 Based on highway automation for highway use cases, according to a leading management consultancy firm 4 Based on EBIT Source: Company Information, Leading Management Consultancy Firm, Management estimates Climate neutral car by 2030E Climate neutral OEM by 2040E Global EV Player x ? US EV Player X X × × X ? X X 2 Chinese EV Player 1 X X X X ? X Chinese EV Player 2 Polestar is exclusively focused on the luxury / premium segment with a complete product offering of Sedan and SUVs, serving its customers globally and targeting break-even by 2023E X X X X X ? X X 38

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