Clean Battery Solutions for a Better Planet

☐ Our Targeted Value Chain Partners are Innovative, Global Leaders Technology 24-m Revolutionizing the lithium- ion cell manufacturing process and platform Strategic technology partner with FREYR for semi-solid technology Supply Chain Elkem Leading Norway- based manufacturer of environmentally responsible metals and materials Active anode material supply targeting higher silicon content CONFIDENTIAL One of the world's largest chemical producers in 2019 Active cathode material supply targeting higher voltage materials METALEX SUMISHO METALEX CORPORATION SIEMENS energy Product Offtake Global technology leader in renewable and fuel-efficient conventional energies MOU on offtake for marine and energy storage systems (ESS) applications Scatec Solar Improving our future™ ■ ཁ། ITOCHU Major Japanese trading company & leader in domestic ESS MOU on offtake for domestic ESS ■ for European & US markets Itochu is an investor in 24M MAERSK FREYR Clean battery solutions GLENCORE Leading global producer of sustainably-sourced battery raw materials Nickel, copper and cobalt with transparency and traceability based on blockchain technology A Leading Japanese trading company for non- ferrous metals Part of the broader Sumitomo group with broad activities in battery materials Leading integrated independent renewable power producer Pursuing combined solar and battery deployments globally MOU on offtake for high energy density, low cost ESS systems Leading international logistics company and one of the largest container shipping lines MOU to develop sustainable battery solutions for end-to-end logistics Supporting Maersk's goal of decarbonizing its fleet Source: Company reports 8

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