Kore SPAC Presentation Deck

KORE is well positioned in the early innings of an exciting growth opportunity in loT 2025 TAM ($bn) Devices (bn) 12% 2020 $78B 10% $382B $35B 12% $269B 40% 26% Connected Devices = 22 billion lot Devices = 12 billion 18.9% CAGR Applications & Platforms 15.8% CAGR 5% $250B $906B $48B ■Managed Services 7% 10% $608B 21% 57% Connected Devices = 37 billion lot Devices = 25 billion 50.5% CAGR ■ Connectivity TVs 24.6% CAGR -$7 Trillion 2% 2030 M2M loT Smartphones PC / Tablets Other Source: GSMA (lOT Revenue: State of the Market 2020); Ericsson (Mobility Report 2020); Cisco Annual Internet Report Highlights Tool 2020; IDC (Worldwide 5G Connections Forecast, 2019-2023) and KORE Forecasts KORE 5% 12% 3% 78% Connected Devices = 91 billion H lot Devices = 75 billion 19

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