Arrival Results Presentation Deck

Q3 Financial Update November, 2022 A number of financial factors leading to our move to focus on US products We cannot make margin on the current L Van product given the high cost of soft-tooled parts In order to hard-tool the L Van, we need approximately $150 million which we assumed would be available to us under the ATM program The US Van, has a higher ASP and margin than the L Van and is supported by new incentives of up to $40,000 per vehicle We also see high demand and limited supply in the US market for electric last-mile delivery vans Limited resources and the attractive opportunities of the US market makes developing US products the best use of capital This means revenues and margins will come later; not in 2023 Private & confidential

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