Allego Investor Presentation Deck

European Union's Increased Focus and Investments in its Energy Independence Recent Events Driving New Energy Focus ■ EU Parliament has voted in favor of supporting the ban of all ICE vehicle sales by 2035 ■ Increasing energy supply concerns since Russia's unprecedented military attack on Ukraine ■ EU has banned the import on all Russian seaborne crude oil and petroleum products ■ Europe has been facing high and volatile energy prices in recent months Launch of The European Battery Alliance (EBA) by the European Commission, EU countries, industry, and the scientific community. Batteries are a strategic part of Europe's clean and digital transition and a key enabling technology, essential to the automotive sector's competitiveness. European Commission Allego> The European Commission has proposed a new strategy, "REPowerEU", to boost Europe's energy independence with goal to make Europe completely independent from Russian fossil fuels by 2030 Action Plan to Achieve Energy Independence 830 Source: The European Commission and Wall Street research. Increase Rooftop Solar Panels, Heat Pumps and Energy Savings ■ Reduce dependence on fossil fuels, making homes and buildings more energy efficient Focus on Decarbonizing Manufacturing ■ Accelerate the switch to electrification and renewable hydrogen and enhancing low-carbon manufacturing capabilities Doubling the EU Ambition for Biomethane ■ Produce 35 bcm per year by 2030, in particular from agricultural waste and residues Increase Renewable Hydrogen Sourcing ■ Develop infrastructure, storage facilities and ports, and replace demand for Russian gas with additional 10 mt of imported renewable hydrogen from diverse sources and additional 5 mt of domestic renewable hydrogen Accelerate Renewables Permitting ■ Minimize the time for roll-out of renewable projects and grid infrastructure 20

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