Arrival SPAC Presentation Deck

INVESTOR PRESENTATION Transaction Overview ($ and share count in millions, except per share data) Estimated Sources 3) 4) 5) ARVL Rollover¹ KCGI Cash in Trust² ARVL Balance Sheet Cash² TOTAL ESTIMATED SOURCES Estimated Uses Cash to Balance Sheet ARVL Rollover Estimated Transaction Expenses TOTAL ESTIMATED USES S $ $ $ $ $ $ $ 85 283 205 574 468 85 20 574 Illustrative Pro Forma Valuation Pro Forma Shares Outstanding³ Share Price4 Equity Value Less: Cash Plus: Debt² ENTERPRISE VALUE Illustrative Pro Forma Ownership³ KCGI Sponsor Shares, 17.5%5 KCGI Public Shareholders, 69.8% ΑΓΓΙVAL $ $ 5,014.9 0.134 Arrival Existing Shareholders, 12.7% 672 468 320 524 Note: Transaction overview assumes no redemptions and payment of transaction expenses. Does not include public and private warrants, also exclusive of shares subject to awards and options and does not include ongoing financing activities of Arrival since 12/31/22 As of 3/31/23 1) 2) As of 12/31/22 Sum of 27,600,000 Kensington Class A ordinary shares and 6.900,000 Kensington Class B ordinary shares converted at an exchange ratio of 1 for 126.865672 ($17.00/50.134 ARVL share price on 3/31/23) plus 638,050,175 Anival ordinary shares outstanding converted on a one-to-one basis. Share amounts are as of December 31, 2022 and may differ from actual amounts Assumed share price based on Arrival share price of $0.134 per share on 3/31/23 KCGI sponsor shares will be forfeited up to 100% pro rata with redemptions of KCGI 18

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