Lordstown Motors Investor Presentation Deck

1 Key Investment Highlights Secular Tailwinds for both EVS and Trucks ~60% of vehicles sold estimated to be fully electric by 2040 vs. ~2% today Light trucks have enjoyed secular growth and make up ~75% of US light vehicle sales today Strategic Relationships with Key Industry Leaders • $75 million strategic investment from GM as part of PIPE • Strategic Relationships agreed with Elaphe, Goodyear, Holman, Samsung, Workhorse Candidate for DoE ATVM loan and government grants 2 31 Profitable Target Segment in an Attractive Market • Other electric pickup truck entries focused on higher price points / different customers 5 Large and underserved commercial fleet market with attractive characteristics Clear Path to be First to Market Demand proven with pre-orders covering first year of production • Conservative business model leveraging existing parts and processes . Modest engineering and retooling needed to begin production • Direct sales with no dealer network required 3 LORDSTOWN. 6 Unique, Efficient, Purpose-Built Design Innovative, yet simple, design incorporating hub motor technology • Significantly decreases maintenance cost resulting in a lower TCO Straightforward approach allows for competitive pricing World-Class Proven Automotive Executive Team Executive team from automotive OEMs including Workhorse, Tesla, Karma, Toyota, GM, Hyundai and VW Proven ability to design, develop and commercially produce EV and conventional automobiles 8

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