Freyr SPAC Presentation Deck

Planned Construction of FREYR Production Facilities FREYR Clean battery solutions Mo i Rana, Norway Project development FREYR Clean battery solutions Oslo, Norway Headquarters Mo i Rana, Norway Mo Industrial Park - Quay¹) Customer Qualification Plant (375 MWh) Gigafactory 3 (10.6 GWh) Gigafactory 4 (10.6 GWh) ■ ■ ■ Customer Qualification Plant 3 La 1 2 ■ a Mo Industrial Park ¹) ■ QPaans Gigafactory 1 (5.3 GWh) Gigafactory 2 (8.0 GWh) 1) Flexibility in final configuration and size of Modularized Gigafactories over time across ~180,000 m2 of secured regulated acreage. Capacity refers to 80% of nameplate capacity. Operations for Gigafactories projected for 2023 or later. FREYR Clean battery solutions Source: Company data 27

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