Harley Davidson SPAC Presentation Deck

APPENDIX Transaction Overview ($ Million) Estimated Sources & Uses Sources Existing Equity Rollover AEA-Bridges Equity Harley-Davidson Investment KYMCO Strategic Investment Total Sources Uses Existing Equity Rollover Cash to LiveWire Balance Sheet Estimated Fees & Expenses Total Uses Illustrative Pro Forma Valuation Pro Forma Shares Outstanding Share Price Equity Value Plus: Debt Less: Cash Enterprise Value 47 $1,610 $400 $100 $100 $2,210 $1,610 $545 $55 $2,210 231 $10 $2,310 ($545) $1,765 Sources ■Harley-Davidson ■AEA-Bridges Strategic PIPE (KYMCO) ■ Founder Shares Total Uses Illustrative Pro Forma Ownership Shares 171 40 10 10 231 % Ownership 74.0% 17.3% 4.3% 4.3% 100% 14

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