Freyr Results Presentation Deck

Giga Arctic update Maintaining real option value in anticipation of Norwegian IRA response Construction progressing according to plan • Deployed $54 million of capital expenditures at Giga Arctic during 2Q 2023 Reorganization of project teams complete • Combined CQP and Giga Arctic teams to leverage learnings from the CQP ● Finalizing the weatherization of north and east buildings Next phase of construction predicated upon financial incentives associated with expected Norwegian IRA response ● PLE resources to be shared on Giga America Enhances cost and operational efficiencies FREYR Giga Arctic: August 3rd, 2023 IT 7 7

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