Grab SPAC Presentation Deck

Risk factors relating to Grab Grab faces intense competition across the segments and markets it serves. Grab has had deficiencies in net assets and incurred net losses in each year since inception and may not be able to continue to raise sufficient capital or achieve or sustain profitability. Grab's brand and reputation are among its most important assets and are critical to the success of its business. The COVID-19 pandemic has materially impacted Grab's business, is still ongoing, and it or other pandemics or public health threats could adversely affect Grab's business, financial condition, results of operations and prospects. If Grab fails to manage its growth effectively, its business, financial condition, results of operations and prospects could be materially and adversely affected. Grab's business may not continue to grow at historical levels, which could adversely affect its prospects. cts, or fail to grow as Grab's business segments are still in relatively early stages of growth, and if these segments do not continue to grow, grow slower than Grab large as Grab expects or achieve profitability, Grab's business, financial condition, results of operations and prospects could be materially and adversely affected. The expansion of Grab's financial services business may not ultimately be successful and could subject Grab to additional requirements and risks. If Grab is unable to maintain and enhance its ecosystem, Grab's results of operations and prospects could be adversely affected. Grab's business is subject to both geographic and business concentration risks. Improper, dangerous, illegal or otherwise inappropriate activity by Grab's consumers or driver or merchant partners or other third parties could harm Grab's business and reputation and expose Grab to liability. I I I ■ I ■ I I ■ I ■ I ■ I Grab's pricing methodologies are impacted by a number of factors and ultimately may not be successful in attracting and retaining consumers and driver and merchant partners. Grab may not be able to make acquisitions or investments, or successfully integrate them into Grab's business. Failure to safeguard the personal and business sensitive data of Grab's consumers and driver and merchant partners, and protect Grab's network against security breaches, could damage its reputation and brand, resulting in an adverse effect on its business and results of operations. Grab is subject to various anti-corruption laws. Grab has substantially completed an internal investigation into potential violations of certain anti-corruption laws related its operations in one of the countries in which it operates and has voluntarily self-reported the potential violations to the U.S. Department of Justice. Although Grab does not believe the issues that were the subject of its internal investigation would result in material financial penalties, there can be no assurance that failure to comply with any such laws would not have a material adverse effect on it. The proper uninterrupted functioning of Grab's highly complex information technology platform is essential to Grab's business. Grab's business depends upon the interoperability of Grab's Superapp and platform with different devices, operating systems and third-party software that Grab does not control. 65

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