Kore Investor Presentation Deck

KORE's Refinancing Transactions: Reducing Debt, Increasing Cash Flow On November 16, 2023, KORE completed a debt refinancing replacing its previous ~$300 million term loan with a $185 million term loan from Whitehorse Capital and $150 million strategic investment from funds advised by Searchlight Capital Partners, L.P. KORE FO For KORE, the benefits of these transactions include: A reduction of total debt from approximately $424 million to $305 million ● ● ● Extended KORE debt maturity, with no material maturities of debt until late 2028 and an undrawn revolving credit facility of $25 million ● A reduction in required cash interest expense by ~$14 million, positioning KORE to be free cash flow positive Added ~$15 million in cash to the KORE's balance sheet, providing flexibility to continue pursuing accretive M&A opportunities Addition of two designees of Searchlight Capital, our new partner in shareholder value creation, to our Board of Directors The $185 million, five-year term loan bears an initial interest rate of SOFR + 650 bps and allows for two interest rate reductions of 25 bps each for every 0.5x reduction in KORE's first lien leverage ratio. Whitehorse Capital will also hold a $25 million revolving credit facility, which is undrawn as of November 30, 2023. The $150 million strategic investment from Searchlight Capital consists of ten- year, 13% PIK non-convertible preferred stock. As part of this transaction, KORE also issued to Searchlight Capital penny warrants to purchase 11.8 million shares of common stock. Searchlight Capital is a global leader with a track record of investing in leading companies across the communications sector, which further validates the underlying strengths of KORE's business and future growth opportunities. 17

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