Freyr Results Presentation Deck

REDOMICILE UPDATE Headquarters move from Luxembourg to the U.S. expected by the end of this year TRANSACTION RATIONALE Simplifies corporate structure and streamlines reporting requirements Enhances FREYR's eligibility for inclusion in equity indexes and triggers associated benchmarking from actively managed funds Benefit from corporate governance under Delaware law, which is more closely aligned with the NYSE listing standards and U.S. SEC governance requirements Better long-term positioning for global tax developments and U.S. incentive programs for battery manufacturers FREYR CURRENT STATUS S-4 registration statement filed with SEC and has been declared effective Shareholder record date is October 25 Proxy cards mailed November 6 Extraordinary General Meeting and shareholder vote set for December 15 A quorum of at least 50% of shareholders of record is required to vote, and a two-thirds majority of in favor votes is required for transaction approval Okapi Partners serving as FREYR's proxy solicitor 10

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