Arrival Announces $300 Mln Equity Financing Line, Provides 2023 Outlook

Arrival SA (47K.F):

• ARRIVAL ANNOUNCES $300M EQUITY FINANCING LINE AND PROVIDES 2023 OUTLOOK

• ARRIVAL SA- OVER LAST FEW MONTHS COMPANY HAS TAKEN DECISIVE STEPS TO SIGNIFICANTLY REDUCE ITS HEADCOUNT AND CASH BURN

• ARRIVAL SA - FINALIZING 50% REDUCTION OF CO'S GLOBAL WORKFORCE IN Q1 THAT WILL RESULT IN LESS THAN 800 EMPLOYEES BY END OF MARCH 2023

• ARRIVAL SA- WAS SUCCESSFUL IN DRIVING ORGANIZATIONAL EFFICIENCIES THAT WILL EXTEND RUN-RATE OF EXISTING CASH RESOURCES INTO LATE 2023

• ARRIVAL SA- HAS ESTABLISHED A $300 MILLION EQUITY FINANCING LINE WITH WESTWOOD CAPITAL

• ARRIVAL SA- ARRIVAL WILL ACHIEVE ITS TARGET QUARTERLY $35 MILLION BURN RATE BY SECOND HALF OF 2023

• ARRIVAL SA - EXPLORING ALL FUNDING, STRATEGIC OPPORTUNITIES TO OBTAIN CAPITAL NECESSARY TO FUND VEHICLE PROGRAM AND BRING CO TO CASH FLOW BREAK-EVEN

• ARRIVAL SA- THERE REMAIN MATERIAL UNCERTAINTIES ABOUT COMPANY'S ABILITY TO CONTINUE AS A GOING CONCERN

• ARRIVAL SA- EXPLORING ALL FUNDING, STRATEGIC OPPORTUNITIES TO OBTAIN CAPITAL NECESSARY TO FUND VEHICLE PROGRAM AND BRING CO TO CASH FLOW BREAK-EVEN