Selina SPAC

Differentiated Business Model Drives Attractive Payback Period With Long-Term Earnings Potential ~90% of conversion costs funded by Capital Partners¹ Long-Term Landlord commitment to Selina² <2 Year Rent penalty cost for early lease termination³ Selina EBITDA Payback Period4 Capex Investment 8 QO Q1 Profitable by Q25 Q2 1. In each of Selina's Capital Partner contracts, Selina is only responsible for funding, at most, pre-opening costs, which are generally 10% of development costs. 2. A majority of Selina's long term leases range from 15-20 years based on deals with signed contracts from 2014-2021. 3. Based on medians of all properties open by the end of 2018 (and that had at least 5 quarters of operation pre-COVID). 4. Calculated as average quarterly EBITDA for locations ramping from 0 to 24 months divided by Selina's out of pocket capex contribution of $650 per bed (pre- opening costs). Data based on properties that had least 5 quarters of operations pre-COVID (pre-March 2020). Q3 Q4 Payback by Q56 Q5 Q6 Mature by Q8 Q7 5. Before COVID-19 (i.e., February 2020), Selina properties generated an EBITDA of $44 per bed in its second quarter of operations on average. 6. Before COVID-19 (i.e., February 2020), Selina properties generated a median EBITDA of $727 per bed and an average of $900 per bed in the first five quarters, which is greater than its current average out-of-pocket investment of $650 per bed. Q8 OUR STORY ● ● ● ● 19

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