Freyr SPAC Presentation Deck

Norway's Battery Ecosystem Supports Our Growth Industry Players FREYR Clean battery solutions Lithium-ion Battery @Mo I Rana Battery System for Marine: SPBES@Trondheim qb SPBES Siemens @Trondheim Zero Emission Marine @Oslo (Høvik) SIEMENS Kongsberg Maritime @Kongsberg Corvus @Bergen Corvus Energy TiO Anode @Bergen JOMA international ESS for PV @Oslo LiB Recycling @Fredrikstad Lithium-ion Capacitor BEYONDER @Stavanger Scatec Solar Improving our future" FREYR Clean battery solutions northvolt Bergen Haugesund. Stavanger Artificial Graphite & Si Anodes @Herøya Elkem Sandnes Lithium-ion Battery @TBD MORHOW Leikanger Vessavangen Molde Aluminium Hydro Battery Recycling @ Multi locations Skien .Arendal Kristiansand MRC Anode material Mineral Commodities @Skaland Namsos Steinkjer. Trondheim Natural Graphite Mine Lillehammer .Hamar Oslo Drammen Moss Mo i Rana Harstad Tromsø Narvik Finnsnes Hammerfest Alta Universitetet i Sorøst-Norge Kirkenes pas Research Organizations SINTEF SINTEF Helgeland @Mo I Rana Energy/Process optimization SINTEF Energy @Trondheim Large battery cell/pack testing SINTEF Industry @Trondheim Battery materials, Cell prototyping/testing ONTNU Sci. & Tech. Univ. @Trondheim Energy IFE Si anode research, Cell prototyping/testing FFI Defence Research @Oslo (Kjeller) Battery safety testing UiO: Univ. Oslo @Oslo Fundamental material research ISN Univ. Southeast @Porsgrunn Raw Materials: ■ AL (Hydro, Alcoa) ■ Si (Elkem, Dynatec) 1 Ni, Co, Cu (Glencore) ▪ Ti (Joma) ▪ Li (under development) I Graphite (MRC, Elkem, Saint-Gobain) B FREYR to secure battery cell manufacturing within Norway's burgeoning battery industry Emerging companies across all aspects of the battery supply chain, from raw materials to recycling Unique development of specific battery solutions for the maritime industry Strong technological development from local research organizations and universities 41

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