Anghami SPAC Presentation Deck

MENA is the Fastest Growing Nascent Music Market with Ample Opportunity for Increased Penetration Anghami's addressable market is expected to grow by 1.5x by 2025(¹). Penetration rates range between 1.2% to 6.0% compared to -30% in the USA (2), USD Bn 2.9 FY2020 3.1 FY2021 8.70% CAGR 3.7 FY2022 4.0 FY2023 4.2 FY2024 4.4 FY2025 Targeting 660 million people (3) in one of the world's fastest- growing populations with favorable young demographics (45% between 10-35 years old) 1.5% MOROCCO North Africa TUNISIA 1.3% ALGERIA x CURRENT PENETRATION Measured as MAU / Addressable Market Levant 10% JORDAN LEBANON 5% EGYPT 1.2% IRAQ Notes: (1) Target population of addressable market defined as number of individuals aged between 10-50 years with internet connection, includes MENA and Pakistan, (2) "The State of the Music Industry in 2020" report by Jimmy Stone, finance expert, www.toptal.com, (3) MENA, Pakistan and global Arab diaspora in 2020, (4) Anghami penetrations as of December 2020., Source: Company data, World Bank and populationpyramid.net 6% SAUDI ARABIA QATAR GCC 4% (4) BAHRAIN UAE U.S. AUDIO STREAMING PENETRATION ~30% OMAN (2) 14 anghami

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