Summary of Refinancing Transaction

KORE's Acquisition of Twilio's loT Business Creates loT Hyperscaler Transaction Overview On June 1st KORE completed the acquisition of Twilio's lot division which accelerates KORE's growth strategy and offers customers a unified, seamless method of launching lot services Twilio received 10mm shares of KORE common stock (~11.6% of issued and outstanding shares) Combined entity will be the largest independent provider of loT connectivity outside of China, with only five large Mobile Network Operators having more connections KORE OmniSIMTM IoT Managed Services & pre-configured industry solutions KORE Hypercore Developer Portal for loT community White-glove experience Strategic Rationale ✓ Add strong capabilities for digital consumption of lot ✓ Addition of new types of Connectivity customers, particularly in the high- upside "connected product" space Strong synergies via the combination of KORE OmniSIM and Twilio Super SIM to create market-leading loT connectivity product ✓ Twilio's investment in Device Builder helps add "Build" capability Expands KORE's one-stop-shop for the lot lifecycle One-stop Solution to Build, Deploy, Manage and Scale Super SIM Device Builder Cloud Native Core Digital experience Web-console :: twilio ✓ Market expansion to developer community Digital solution to customer connectivity procurement Combined Company Highlights $15mm of savings to Build capability internally and 2-year time to market Strong human capital talent KORE Faster growth vs. KORE stand-alone Twilio loT business brings recurring Connectivity revenue Expected 50% gross profit margin on Twilio's loT business 12

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