Why Invest In KORE?

Connections (Millions) loT market is accelerating, driven by significant tailwinds for the next decade IoT connections by technology 80,000 of total mobile 45% data over 5G networks KORE CaaS (1) 70,000 60,000 Low-Power Wide- 2.7B Area Connections by 2025 50,000 eSIM revenue $0.9B generated in 2024 40,000 30,000 20,000 10,000 0 2020 2021 2022 eSIM Adoption 2023 2024 Massive loT Powered by LPWA 2025 I 2026 5G at scale 2027 2028 2029 2030 - Licensed Broadband & Critical IoT (4G/5G) Massive IoT (Licensed LPWA - NBIOT & CAT-M) Legacy (2G/3G) Unlicensed LPWA and Satellite - Unlicensed - Satellite CEaaS (2) - CNaaS - CMPaaS - PNaaS loT Solutions (3) - Managed Services - Analytics loT Solutions (3) Managed Services I I 1 I I I I I I Short-Range lot (WiFi, BT, Z-Wave) I - Analytics Source: Cisco Annual Internet Report Highlights Tool 2020, GSMA (IoT Revenue: State of the Market 2020); Ericsson (Mobility Report 2020), KORE Forecasts Note: (1) CaaS = Connectivity as a Service - managed connectivity services offering for connecting loT device; (2) CEaaS = Connectivity Enablement as a Service - includes managed Core Network as a Service (CNaaS), Private Networking as a Service (PNaaS) and Connectivity Management Platform (CMPaaS); (3) IoT Solutions = IoT managed services including loT product design, supply chain, configuration, connectivity, and reverse logistics for customers KORE 222

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