Kore SPAC Presentation Deck

Transaction overview Summary of KORE and CTAC proposed business combination Transaction Timing Valuation Capital Structure ● ● ● On December 24th, 2020, KORE and CTAC executed a non-binding term sheet setting forth the potential terms of a business combination Definitive documentation was signed March 12, 2021 The transaction is expected to close in Q3 2021 Transaction implies a fully diluted pro forma enterprise value of $1,014mm, representing 15.2x based on 2022E Adj. EBITDA of $66.5mm and 16.9x based on 2021E Adj. EBITDA of $60.0mm Existing holders of common stock, including majority KORE shareholder Abry Partners, are expected to roll 100% of their common equity The transaction will be funded by a combination of CTAC cash held in a trust account and proceeds from a $225mm PIPE Transaction is expected to result in up to $484mm of total cash proceeds to fund the transaction¹ (1) Assumes no redemption of CTAC's existing shareholders, however actual proceeds available for the transaction are dependent on shareholder redemptions KORE 5

View entire presentation