23andMe SPAC Presentation Deck

The Healthcare System is Dysfunctional "Of course our system isn't about healthcare, it's about maximizing revenue for a whole bunch of different players that have nothing to do with what's good for patients." Elisabeth Rosenthal (Editor-in-Chief, Kaiser Health News) 1JAMA, "Waste in the US Health Care System" (2019). 2 Redpoint Global / Dynata survey of over 1,000 U.S. consumers (2020). 3 Gallup, "Americans' Views of U.S. Business and Industry Sectors" (2020). 4 PhRMA, "Biopharmaceutical Research & Development: The Process Behind New Medicines" (2015). 25%' U.S. healthcare spending is waste 75%² Consumers wish their healthcare experience was more personalized -15³ The net positive score Americans gave the pharmaceutical industry 4 <12%* Probability of success for a drug to be approved, taking ~10 years and costing $2.6B to develop 23and Me Confidential and Proprietary Information 4

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