Kore SPAC Presentation Deck

Connections (Millions) Significant potential growth opportunity loT connections by technology 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 2020 eSIM revenue ! $0.9B generated in 2024 2021 2022 Low-Power Wide- 2.7B Area Connections by 2025 eSIM Adoption 2023 of total mobile 45% data over 5G networks 2024 Massive loT Powered by LPWA 2025 2026 5G at scale 2027 2028 2029 2030 Broadband & Critical loT (4G/5G) Massive loT (Licensed LPWA - NBIOT & CAT-M) Legacy (2G/3G) Unlicensed LPWA and Satellite Short-Range loT (WiFi, BT, Z-Wave) ● KORE ● Caas(¹) - Licensed Unlicensed - Satellite CEaaS (2) - CNaaS - CMPaaS PNaaS - • IoT Solutions (3) Managed Services - Analytics loT Solutions (³) - Managed Services - Analytics Source: Cisco Annual Internet Report Highlights Tool 2020, GSMA (loT Revenue: State of the Market 2020); Ericsson (Mobility Report 2020), KORE Forecasts Note: (1) CaaS = Connectivity as a Service - managed connectivity services offering for connecting loT device; (2) CEaaS = Connectivity Enablement as a Service - includes managed Core Network as a Service (CNaaS), Private Networking as a Service (PNaaS) and Connectivity Management Platform (CMPaaS); (3) loT Solutions = loT managed services including loT product design, supply chain, configuration, connectivity, and reverse logistics for customers KORE 20 1 I 1 1 1 I 1

View entire presentation