Kore SPAC Presentation Deck

2020 closed with incredible momentum ($ in millions) Same Qtr PY Growth 3% $ 44 Q1 20 2020 Quarterly Adj. Revenue¹ 3% $ 46 6% $ 47 17% $ 49 Q4 20 Business Momentum +69% Growth in Total Contract Value of Wins in 2020E vs. 2019A² -92% Recurring Revenue in 2020E +48% Annualized Net SIM Growth from Go Forward Customers in Q4 vs. Q3 20 +26% Top 25 Customer Revenue CAGR from 2018A through 2022E +90% Average Revenue Visibility From Installed Base Through 2023P3 Q2 20 Q3 20 2020 Adj. Revenue: $186MM¹ (1) Adj. Revenue is normalized for one time churn customers from the acquisition of Raco and Wyless. (2) Total Contract Value is the estimated revenue from new or existing customer wins over an approx. 3-year time period based on customer and KORE sales force forecasts of unit growth and contracted prices. (3) The installed base includes customers which had a signed contract with KORE by the end of 2020, but excludes one time churned customers KORE +29% FY2020E Go Forward Customer SIM Count vs. PY 33

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