Freyr SPAC Presentation Deck

Strategies to Build a Nordic Supply Chain Striving to develop a long-term Nordic battery supply chain Initial supply chain to leverage 24M relationships for active materials Long-term evolution of supply chain focused on European/North American suppliers and eventually 100% Norway Supplier qualification focused on sample analysis process of 1-2 years FREYR Clean battery solutions # Component 1 NMC 2 LFP 3 Carbon black 4 Graphite 5 Aluminum 6 Copper 7 Separator 8 Pouch 9 Electrolyte Step 1: 24M Supply Chain Asia Asia Asia Asia Asia Asia Asia USA / Asia Asia Qualification of existing supplier 1. Sample analysis (12-24 months) Joint venture to establish production capacity 1. Feasibility analysis (3-6 months) Sample analysis (12-24 months) 2. Potential Nordic Supply Chain Development Step 2: Utilizing Existing EU and US Supply Chain Opportunities FREYR plans to source materials from existing battery material suppliers in Europe and USA Step 3: Long-term Aspiration Following FREYR's partnership model to localize as many battery supply chain materials as possible in Norway Source: 24M, Company data 42

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