Fiscal Year 2021 Business Update

Cash spending 2021 on budget Cash spend for fiscal year of $217M as of Dec 31st (planned budget of $221M)¹ Cash spend of $72.7M for Q4 driven by planned acceleration of development program; Q1 2022 expected to be lower Technology investments in Q4 due to battery development, energy and wind tunnel testing Liquidity of ~$400M² at year end 2021 ¹ Excluding transaction-related costs incurred in connection with our completed business combination with Qell, the PIPE Financing and a minority investment into enabling technology. 2 Consists of cash and cash equivalents and other financial assets. LILIUM 11 WILL P. 5

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