© Evolute Drives Ltd Alex Tylee-Birdsall Managing Director Evolution in Driveline Technology 10-15% Higher Range in Electric Vehicles

© Evolute Drives Ltd MSYS Transmission 10-15% efficiency improvement equals: 10-15% range increase or 10-15% smaller battery Technology Created by DSD. DSD Consultancy Customers: 11 European vehicle manufacturers 2 US vehicle manufacturers 2 Chinese vehicle manufacturers

© Evolute Drives Ltd Technology Multispeed electric vehicle transmission: –Allows a wide range of cost reduction options –Enables return on existing EV investment –Low cost contribution to meeting EC fleet CO 2 target Patents pending powershift technology –Portfolio of technologies going through international applications –Potential application outside EV Low weight and size –40% weight reduction to single speed powertrain Existing technology used in a new way –Allows use of existing supply chain –Low development risk Why invest in MSYS Transmission?

© Evolute Drives Ltd Status Currently in prototype testing phase Concept demonstrator vehicle available to drive Q Interest from 2 European premium segment vehicle manufacturers Tier 1 volume manufacturing interest from with UK and Europe New interest from 3 further vehicle manufacturers Where are we today? Prototype Design Concept Build & Test Vehicle Demo

© Evolute Drives Ltd Financial Requirement 3 year production development programme Q to Q Staged investment of £6,000,000 required to achieve production: –£1.75M Production Design –£1.75M Development testing and validation –£2.5M Control system development and calibration Return on investment: –8-15% per annum during from volume license fee –25% per annum from 2019 from volume license fee What will it take to get to production?