eToro SPAC Presentation Deck

$2,500 $2,000 $1,500 $1,000 етого Stable ARPU and retention over time Accumulated average revenue over time 2017 ● 2018 2019 2020 Model 43 $500 $0 0 1 2 3 4 5 6 7 8 2017 crypto rally $566 Average monthly churn 2017 2.8% $902 2018 1.5% 2019 1.5% 2020 1.5% Accumulated average revenue over time - the accumulated average revenue of new funded accounts opened in a certain year. Average monthly churn - the annual monthly average of: funded accounts (T+1)/[(Funded Accounts (T) + new funded accounts (T+1)] -1 2021-2025 1.5% $1,138 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 Months

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