REE Automotive Investor Presentation — December 2021

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REE –Q4 2021 Results

This presentation includes forward -looking statements within the meaning ofthe Private Securities Litigation Reform Act of1995 .Allstatements, other than statements ofhistorical facts, may beforward -looking statements .Words

such as“may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plan,” “projects,” “believes,” “views,” “estimates”, “future”, “allow”, “aims”, “strives” “endeavors” and similar expressions areused toidentify these forward -looking

statements .These statements include, among other things, the Company’s statements about the Company’s strategic and business plans, relationship oroutlook, the impact oftrends onand interest initsbusiness, intellectual

property product and future results .These forward -looking statements arebased onREE’s expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results todiffer materially from

current expectations .These factors aredifficult topredict accurately and may bebeyond REE’s control .Forward -looking statements inthis orany other REE communication areonly asofthe date made and REE undertakes no

obligation toupdate itsforward -looking statements, whether asaresult ofnew information, future developments orotherwise, should circumstances change, except asotherwise required bysecurities and other applicable laws. In

light ofthese risks and uncertainties, investors should keep inmind that results, events ordevelopments discussed inany forward -looking statement made inthis communication may not occur .Uncertainties and risk factors that

could affect REE’s future performance and cause results todiffer from the forward -looking statements inthis release include, but arenot limited to:REE’s ability tocommercialize itsstrategic plan ;REE’s ability tomaintain and

advance relationships with current Tier 1suppliers and strategic partners ;development ofREE’s advanced prototypes into marketable products ;REE’s ability togrow and scale manufacturing capacity through relationships with Tier

1suppliers; REE’s estimates ofunit sales, expenses and profitability and underlying assumptions; REE’s reliance onitsUKEngineering Center ofExcellence forthe design, validation, verification, testing and homologation ofits

products ;REE’s limited operating history ;risks associated with REE’s plans forinitial commercial production ;the ability ofraw materials and other critical components including semiconductor microchips ;REE’s dependence on

potential suppliers, some ofwhich willbesingle orlimited source ;development ofthemarket forcommercial EVs; intense competition inthee-mobility space, including with competitors who have significantly more resources ;risks

related tothe fact that the Company isincorporated inIsrael and governed byIsraeli law;REE’s ability tomake continued investments initsplatform ;the impact ofthe ongoing COVID -19pandemic and any other worldwide health