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Investor Presentaiton

MERDEKA BATTERY MATERIALS Powering the future, sustainably. RKEF Plants CSI and BSI plants have been fully operational since late 2019 and a larger third plant, ZHN, was commissioned in June 2023 Summary • ZHN has more than doubled MBM's RKEF processing capacity from 38,000 to 88,000 tonnes per annum of nickel in NPI • ZHN will deliver 21,000 to 25,000 tonnes of nickel in NPI in 2H 2023 as it continues to ramp up to nameplate capacity of 50,000 tonnes per annum of nickel in NPI Commissioning Date Nameplate Capacity (per annum) Location Shareholders Product Process CSI November 2019 19,000 tonnes BSI ZHN February 2020 19,000 tonnes June 2023 50,000 tonnes IMIP 50.1% MBM / 49.9% Tsingshan Nickel Pig Iron (NPI) Rotary Kiln & Electric Furnace 11
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