Oatly Results Presentation Deck

FINANCING OVERVIEW FULLY FUNDED TO SUPPORT GROWTH INVESTMENTS AND REACH FINANCIAL SELF-SUFFICIENCY Size ($USD) Investors /lenders Pricing Tenor PRIVATE CONVERTIBLE NOTES ● $300mm Anchor shareholder support from Nativus, Verlinvest, and Blackstone for $200mm 3% Original Issue Discount 9.25% coupon in PIK or cash at company's option Conversion premium of 17% to March 14 closing price 5.5-year maturity ● ● SR. SEC. TERM LOAN B ● $125mm Anchor commitment for $125mm Potential upsize to $150mm, depending on terms SOFR + 750 bps (2.50% floor) • 96.0 OID 5-year maturity (NC2/103/par) ● ● ● SRCF RENEWAL ~$200mm (undrawn) Key relationship lenders ~$50mm uncommitted incremental option Base rate of currency draw + 4.00% 3.5-year tenor + 1 year extension option Q4'22 EARNINGS PRESENTATION 23

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