Freyr Investor Day Presentation Deck

Giga America Update Farm-down process progressing with targeted close by end of 3Q 2023 More than 10 strategic and industrial partners are evaluating the opportunity in the data room More than five strategic partners have indicated initial indications of participation More than 20 financial institutions have been invited to join investment diligence process FREYR Giga America Fast Track Development Plan Giga America Ph. 1 Nameplate Capacity (GWh) 40 35 30 25 20 15 10 5 0 Giga America fast tracked two line plant 2 Giga America two lines upgraded to Gen. 3 6 Giga America eight line Gen. 3 plant 30 Giga America Ph. 1 total 38 23

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