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Investor Presentaiton

LICY Share Count as of 10/31/2021 Total shares outstanding as of October 31, 2021 163,179,653 Potential shares reserved for future issuance: Public warrants (1) Private warrants (1) Convertible note (2) Stock options (3) Restricted share units (3) Total potential shares as of October 31, 2021 (2) 14,999,894 8,000,000 7,493,795 5,296,553 716,763 199,686,658 (1) On December 27, 2021, the Company announced that it will redeem all of its warrants to purchase common shares of the Company that remain outstanding at 5:00 p.m. New York City time on January 26, 2022 (the "Redemption Date") for a redemption price of $0.10 per Warrant. Based on the Redemption Fair Market Value that was announced on January 11, 2022, Warrant holders who surrender their Warrants on a "Make-Whole Exercise" prior to the Redemption Date will receive 0.253 Common Shares per Warrant. (2) Includes interest accrued as of October 31, 2021. Excludes interest in subsequent periods that may be paid via payment-in-kind (PIK). (3) Includes stock options and restricted share units granted and outstanding as of October 31, 2021. Excludes additional shares available for future grants pursuant to the Company's equity incentive plan. Li-Cycle 20
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