Anghami SPAC Presentation Deck

Transaction Summary VISTAS MEDIA ACQUISITION COMPANY (L.) anghami Anghami to be merged with Vistas Media Acquisition Company Inc. ("VMAC”), a publicly listed special purpose acquisition company with $100 MM cash in trust Transaction includes $40 MM of committed PIPE ● Pro Forma Enterprise Value of $225 MM Existing Anghami shareholders will own 45% of the Company on a pro-forma basis(1)(2) ILLUSTRATIVE SOURCES AND USES Sources VMAC Cash In Trust Committed PIPE Total Sources of Cash ILLUSTRATIVE PRO FORMA VALUATION Agreed share price ($ / share) Pro-forma Shares Outstanding (MM) (2) Pro-forma Equity Value (USD MM) Less: Projected net cash (USD MM) Pro-Forma Enterprise Value (USD MM) Anghami Shareholders PIPE Investors USD MM 100 40 Share Based Payments 10 31.5 315 (89) 225 VMAC Public Stockholders 140 To VMAC Initial Stockholders Uses Existing Anghami Shareholders(1) VMAC Public Stockholders Redemptions(2) Transaction Expenses(3) Cash to Anghami's Balance Sheet Total Uses of Cash 45% 2% NASDAQ: ANGH Notes: All figures are rounded. Excludes impact of out of money warrants and ESOPs. (1) Anghami existing shareholders are paid in a mix of cash and equity. The cash consideration paid to Anghami existing shareholders depends on the net available cash post transaction considering (a) VMAC public stockholders' redemptions and (b) transaction expense, which at a minimum must exceed USD 50 MM. (2) Assumes no redemptions from existing VMAC Public Stockholders. (3) Excludes transaction expenses paid in shares and warrants. Source: Management estimates. 13% 32% 9% 7 USD MM 38 13 89 140 (11. anghami

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