Freyr SPAC Presentation Deck

FREYR Focuses on the core of the Battery Value Chain Value add: 1) Mining and Refining FREYR Clean battery solutions 28% Active materials 11% FREYR Initial Focus Cell E- 32% Cathode materials Anode materials Electrolyte materials Separator materials 1) Percentage of total value added per value chain step, based on expected 2030 demand from transportation, energy storage and consumer electronics applications + battery pack prices Pack/ Modules FOR 25% Partnership-based value chain integration strategy Recycling + 1 4% Battery cell = 100% Source: Study commissioned from global management consultancy 11

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