Hexagon Purus SPAC Presentation Deck

Four key factors driving the hydrogen transition Policies and regulations 130 2015 Europe, gCO2/km (5%) p.a. 95 81 2020/21E 2025E 591 2030E National decarbonization targets is the core regulatory driver to support hydrogen deployment • EU currently most ambitious with a 2050 net-zero target • China expected to become the largest market globally driven by strategic goal to become hydrogen technology leader C543 6 2 1 0 2020 ● Hydrogen TCO Production cost of hydrogen, USD / kg 2030E 2040E 2050E Costs across the entire value chain have come down in recent years, and estimates indicate that TCO parity is achievable by mid-decade Industry cost driven down by automatization and economies of scale in manufacturing Source: Company, third-party consultant 1) The Environmental Protection Agency (EPA) currently considers ruling back fuel economy and emissions standards freezing them at 2020 levels through 2026 ● Infrastructure deployment Hydrogen tube trailer Hydrogen Dispensing point (pump) 7 Hydrogen Deployment of infrastructure to support hydrogen scale-up, e.g. hydrogen refueling stations and hydrogen pipeline network Several initiatives within hydrogen mobility globally, e.g. the Hydrogen Mobility Europe developing a HRS network across several European countries Near-term market and industry development ما JOINING FORCES FOR HYDROGEN-POWERED CO₂-NEUTRAL TRANSPORTATION HEXAGON PURUS Industry activity and planned production volume TM Growth of industry consortia developing large-scale projects - partnerships between industry players e.g. Daimler/Volvo Initiatives from OEMs into the hydrogen space is important in order to create demand and ramp- up of production 18

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