Freyr SPAC Presentation Deck

■ FREYR's Holistic Approach to ESG Leadership 7 FREYR is committed to producing one of the most environmentally-friendly, cost-effective and ethically- manufactured battery cells in the world Environment We plan to leverage sustainable practices across the entire supply chain and product lifecycle, including its recyclability AFFORDABLE AND CLEAN ENERGY Meeting the world's rapidly growing need for carbon-free energy for storage, transportation and other end uses Social FREYR is committed to safe, healthy and reliable operations and the well-being of our employees We value a diverse and inclusive culture Our communities are critical participants in our ecosystem thus we will invest in the strength of our 'social license' to ensure alignment as we grow FREYR Clean battery solutions Our vision of accelerating decarbonization globally aligns our corporate strategy directly with key UN Sustainable Development Goals 13 CLIMATE ACTION 12 RESPONSIBLE CONSUMPTION AND PRODUCTION сто Reduced scrap rate, higher material utilization, and higher rates of battery recyclability Board: independent, diverse, capable, objective and engaged Policies: leading standards for ethics, supply chain, internal controls and oversight Governance FREYR is committed to the best practices of corporate governance, as foundational tenets of the long-term success of our business ▪ We commit to transparent business practices and accountability to our shareholders and stakeholders I FREYR ESG Leadership will be underscored by our commitments to sustainability, governance and transparency Future Norwegian operations powered exclusively by zero- carbon energy supplies including both wind and hydro power Disclosure: committed to SASB-aligned disclosure as soon as practicable KPIs: management and workforce alignment to ESG performance 40

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