REE Automotive Investor Presentation — January 2022

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Analyst & Investor Briefing

REE Forward -Looking Statement

This presentation includes forward -looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 . All statements, other than statements of historical facts, may be

forward- looking statements. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plan,” “proje cts,” “believes,” “views,” “estimates”, “future”, “allow”, “aims”, “strives”

“endeavors” and similar expressions are used to identify these forward- looking statements. These statements include, among other things, the Company’s statements about the Company’s strategic

and business plans, relationship or outlook, the impact of trends on and interest in its business, intellectual property prod uctand future results. These forward- looking statements are based on REE’s

expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict

accurately and may be beyond REE’s control. Forward -looking statements in this or any other REE communication are only as of the date made and REE undertakes no obligation to update its

forward- looking statements, whether as a result of new information, future developments or otherwise, should circumstances chang e, except as otherwise required by securities and other applicable

laws. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed inany forward -looking statement made in this communication may not

occur. Uncertainties and risk factors that could affect REE’s future performance and cause results to differ from the forward -looking statements in this release include, but are not limited to: REE’s

ability to commercialize its strategic plan; REE’s ability to maintain and advance relationships with current Tier 1 supplie rs and strategic partners; development of REE’s advanced prototypes into

marketable products; REE’s ability to grow and scale manufacturing capacity through relationships with Tier 1 suppliers; REE’ s estimates of unit sales, expenses and profitability and underlying

assumptions; REE’s reliance on its UK Engineering Center of Excellence for the design, validation, verification, testing and hom ologation of its products; REE’s limited operating history; risks

associated with REE’s plans for initial commercial production; the ability of raw materials and other critical components inc luding semiconductor microchips; REE’s dependence on potential suppliers,

some of which will be single or limited source; development of the market for commercial EVs; intense competition in the e -mobil ity space, including with competitors who have significantly more