Arrival SPAC Presentation Deck

FINANCIALS AND TRANSACTION OVERVIEW Relative electric vehicle company comparison ΑΓΓΙVAL Employees Vehicle type TCO vs ICE savings Intellectual property Global footprint Contracted order book¹ Key strategic partnerships Investment: EV / TAM Commercial: Enterprise value ($B)5 Primary market TAM6 ($B) -1,200 INVESTOR PRESENTATION Commercial Vehicles (Van and Bus first) -17% (Van) -47% (Bus) Components, batteries, skateboard, materials, software, Microfactories UK, US, Germany, Netherlands, Israel & Russia 20,000 units2 ($1.2B) Hyundai & Kia Motors, UPS Hyundai & Kia Motors, UPS & Comau $5.4 $430 1.3% I CANO 0 -300 Lifestyle, Delivery & Sport ΝΑ Skateboard & software US ΝΑ ΝΑ Hyundai $1.9 $51 3.7% -50 SUV ΝΑ Design (outsourced skateboard, manufacturing, & battery pack) US & Europe ΝΑ ΝΑ Volkswagen, Cox, & Electrify America $2.2 ΝΑ ΝΑ ⒸHYLIION -60 Truck 6% Battery systems & software US & Canada 1,000 Trucks ($220M) Dana & Sensata Technologies Dana, Sensata Technologies, IAV, & Fontaine $3.2 $947 3.4% LORDSTOWN. -70 Pickup Truck 16% Licensed US ΝΑ General Motors General Motors, Elaphe, Goodyear, & Workhorse $2.3 $65 3.5% NIKOLA MOTOR COMPANY -250 Truck, Pickup Truck, Off- Highway & Watercraft 2% 100+ Patents North America & Europe 5,800 Truck orders³ (-$1.4B) CNHI / Iveco, Bosch CNHI / Iveco, Bosch, Ryder & General Motors $8.0 $130 6.2% WORKHORSE -115 Cargo Vans ΝΑ Battery, drive train, chassis, software, telematics US 1,3454 ΝΑ UPS, Duke Energy, & Ryder $2.0 $187 10.9% Source: Investor presentations, company filings, company website, and industry research. 1) Does not include reservations. 2) Includes option to order additional 10,000 units. 3) Includes option to order additional 2,500 units. 4) Represents 6 orders placed by UPS. 5) Canoo, Fisker, Hyliion, Lordstown, Nikola and Workhorse market data as of November 6, 2020. Arrival, Canoo, Fisker, Hyliion, Lordstown, and Nikola Sales and EBITDA per management estimates. Canoo EV based on Hennessey Capital Acquisition Corp (NASDAQ:HCAC), XLFleet EV based on Pivotal Investment Corp. II (NYSE: PIC)). 6) Primary market TAM, Canoo, Fisker, Hyliion, Lordstown, Nikola and Workhorse data from investor presentations. 7) Annual addressable market. 42 CONFIDENTIAL - ARRIVAL SARL

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