Freyr SPAC Presentation Deck

FREYR Battery Manufacturing Facility Development Installed Capacity GWh 90 80 70 60 50 40 30 20 FREYR's Phased Gigafactory Development: 80+ GWh Installed by 2028 10 2022 2025 Target Installed Capacity: 43 GWh 2023 2024 FREYR Clean battery solutions 2025 2028 Target Installed Capacity: 83 GWh Gigafactory 2 Gigafactory 1 Gigafactory 3 2026 Joint Venture Gigafactory 1 Gigafactory 5 Gigafactory 4 Joint Venture Gigafactory 2 2027 Gigafactory 6 2028 Note: Company projection based on 24M data; the indicated outlook should not be construed as estimates or guidance for future developments of the Company 1) Capacity refers to 80% of nameplate capacity for Gigafactories and 100% of nameplate capacity for Joint Venture Gigafactories 2029 Asset Customer Qualification Plant Gigafactory 1 Gigafactory 2 Joint Venture Gigafactory 1 Gigafactory 3 Gigafactory 4 Gigafactory 5 Joint Venture Gigafactory 2 Gigafactory 6 TOTAL Capex ($ millions) $35 $275 $310 $565 $380 $380 $775 $565 $775 $4,060 Capacity ¹) (GWh) 0.2 5 8 8 11 11 16 8 16 83 Operational Start 2022 2023 2024 2024 2025 2025 2026 2027 2028 Source: Company data 28

View entire presentation