Freyr Results Presentation Deck

FREYR is redomiciling to the U.S. FREYR's Board has approved redomiciling from Luxembourg to the U.S. by year-end 2023 FREYR Dramatically expands opportunity for equity index inclusion FREYR's index membership meaningfully lags closest peers (estimated 3% of holdings vs. peer average of 20 - 25%) Significant potential buying power from index funds identified and actively managed funds benchmarking indices (estimated 10 -45% of FREYR's current market cap.) ● ● Strategic alignment FREYR is U.S. listed with a significant portion of the company's investors based in the U.S. The US has the world's most generous incentive programs for battery manufacturers: the IRA, the DoE Loan Programs Office and DoE federal grant programs Giga America is the largest and highest return project opportunity in FREYR's portfolio which will serve the world's biggest market No impact to European strategy or opportunities ● ● Benefits of redomiciling corporate entity in U.S. Enhances corporate governance • U.S. companies benefit from longstanding and court validated corporate governance standards Reduces bureaucracy associated with certain capital raising activities and provides better flexibility for Board of Directors Robust disclosure and transparency ● ● Targeting 4Q 2023 shareholder vote to complete the process 12

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