Sequans Capitalization and 5G Taurus Launch

Massive loT: Expanding Market Share in High-Growth Segments Pursuing Large, High-Growth Markets with Opportunity to Expand Existing Market Share Smartcity 10.1 Asset Tracking 5.3 eHealth/Fitness/Consumer 3.8 12.0 Smarthome 3.7 2021 SAM (Mu) 10.7 18.2 ■2024 SAM (Mu) SEQUANS Serviceable available market (SAM) In millions of units. Source: ABI Research, Techno Systems Research and Sequans' estimates 30.6 MIoT growth driven by applications predominantly for these markets, leveraging our current product portfolio featuring Monarch 2 and Calliope 2 O2023 Sequans Communications 13

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