1. © Evolute Drives Ltd 2014 1 Alex Tylee-Birdsall Managing Director Evolution in Driveline Technology 10-15% Higher Range in Electric Vehicles

2. © Evolute Drives Ltd 2014 2 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

3. © Evolute Drives Ltd 2014 3 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?

4. © Evolute Drives Ltd 2014 4 Status Currently in prototype testing phase Concept demonstrator vehicle available to drive Q2 2014. 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? 20112014 2012 2013 Prototype Design Concept Build & Test Vehicle Demo

5. © Evolute Drives Ltd 2014 5 Financial Requirement 3 year production development programme Q2 2014 to Q1 2017 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 2017-2018 from volume license fee –25% per annum from 2019 from volume license fee What will it take to get to production?