| I N V E STO R S P R E S E N TAT I O N | JUNE 2024

This presentation regards the business activity of Apollo Power Ltd. (TASE:APLP) (the "Company"). For the sake of clarity, this presentation does not constitute a proposal to purchase the Company's securities or an invitation to receive such offers, and it is intended solely for the provision of information to investors.

This presentation was made for a convenient and concise presentation, and is not exhaustive and does not pretend to encompass the full data about the Company and its activities and/or all the information that may be relevant for making any decision regarding investment in the Company's securities and in general, and is not a substitute for independent data collection and analysis and/or to review the reports that the Company publishes and will publish to the public. In addition, the information under this presentation does not constitute a substitute for investment advice by a licensed investment advisor who takes into consideration the data and the special needs of each person and/or investor. The presentation includes data, estimates, forecasts and projections of the Company concerning its operation, which fall under the category of forward-looking information, as defined in the Securities Law, 5728-1968, the realization of which is uncertain and is mostly beyond the Company's control. Forward-looking information is based on Company's management's estimates, which are based, inter alia, on information known to the management when preparing this presentation. There is no certainty that such data and/or estimates and/or forecasts and/or projections may realize, in whole or in part, and they may differ from those included in the presentation, due to, inter alia, their dependency on external factors beyond the Company's control, such as changes in the business and competitive landscape or the realization of any risk factor which affects the Company. In this regard, the presentation includes, for example, reference to the Company's estimate with regard to the manufacturing plant in Mevo Carmel (slide 8), the Company's expectation regarding the commercial delivery of VW's order (slide 17) and its focus in the near future (slide 26). Thus, readers of this presentation are warned that the actual results and achievements of the Company in the future may be substantially different from those presented in the forward-looking information under this presentation. Moreover, the presentation may include data obtained from external sources, which were not independently verified by the Company. Furthermore, the presentation may include information which hasn't been included in the Company's periodic and immediate reports, and/or displayed and processed differently from the way it appears in the presentation. For the sake of clarity, the presentation is not in lieu of the immediate and periodic reports published by the Company, and in any case of a contradiction between information in this presentation and information released to the public, information released to the public in aforementioned reporting will prevail. The forecasts and estimates in this presentation are based on information available to the Company at the time of its preparation, and the Company does not undertake to update and/or change any such forecast and/or estimate to reflect events and/or circumstances occurring after the date of preparation of this presentation.

Our Mission: Develop and create innovative, ground-breaking ways of harnessing solar energy

Towards becoming the world's leading supplier of flexible solar technologies

Continuous growth	~150 employees	~300% increase in sales (Q1 24 to Q1 23)
Empowering world's	Thousands of solar kits	Sales and distribution
truck and bus fleets	installed world-wide	agreements with world leaders
Leading in lightweight	Global installations on	New development and
roofs markets	lightweight construction	distribution agreements

Co-Founders and Leadership

Oded Rozenberg CEO

Eran Maimon CTO

Team of experienced and dedicated leaders

Dr. Yaron Tidhar Chief Scientist

Rony Tzukerman Chief BD and Strategy Officer

Michal Dagan, Adv. CHRO and Company Secretary

Tzippy Birger Chief Quality Officer

Flexibility, durability, efficiency

Highly suitable for lightweight constructions, automotive and large

Quick and low cost installation

Rollable to a radius of 6 inches

Apollo Carmel World's Largest Flexible Solar Factory

State-of-the-art facility equipped with advanced machinery, cutting-edge standards, and AI technology

Established 2023

190 MWp/y (expected) automatic factory built in Israel

Entering the American Market

Lippert, valued at around \$3 billion, is traded on the NYSE. In 2023, it achieved \$3.8 billion in sales, dominating the US caravan products market

The awning sold by Lippert provides up to 600 watts of solar energy

Lippert will exclusively distribute the solar awning with Apollo's solar fabric in the US and Canada for the caravan and marine markets

Strategic agreement with Lippert

811

Agreement with a construction global leader

Exploring a strategic joint venture to establish a manufacturing plant in North America

Exclusivity for distribution in North America for 5 years

The corporation will finance several million NIS for the product development as part of a potential multi-million dollar deal

The company has partnered with a North American corporation for the development, production, sale, and widespread distribution of an innovative solar product for the construction industry

Continuous growth in the automotive market

Winner of the Smarter E Award for E-Mobility 2024!

This prestigious award recognizes Apollo's groundbreaking work in developing and auto-manufacturing flexible solar modules that are easily installed on vehicles to save fuel and reduce emissions.

The company has won the Industry Award for Energy and Mobility Innovations at the Intersolar 2024 for its Apollo-Charger, charging heavy duty aftermarket vehicles with flexible solar modules.

Empowering global fleets

Revolutionary technology harnessing solar energy to cut fuel costs by ~5% with rapid ROI (under 1 year)

Thousands of systems installed on the roofs of buses, trucks, and other vehicles of top companies consistently demonstrate fuel savings, reduced air pollution, and enhanced logistical efficiency 14

An Israeli bus service company Osem/Nestle

• Installed on 60 buses • Saves 5% of the fuel consumption of the bus • Saves logistic costs and improves battery life

• Installed on 130 trucks • Saves 5% of the fuel consumption of the trucks • Saves logistic costs and improves battery life

A technological edge adapted for industry leaders

The company integrated its flexible solar cells into the roofs, hoods, and various body components for top-tier automotive manufacturers including Audi, Hyundai and Volkswagen (VW)

First commercial order from VW - Nis 120 million for 10 years to come

Expected initiation of delivery – mid-2025

First commercial order

Continuous growth in the lightweight construction market

2300 sqm of Apollo panels were installed due to construction limitation of the roof on the Sylvan Adam's Velodrome, located in the heart of Tel Aviv

During Q1 and Q2 2024, Apollo installed several commercial light construction solar roofs worldwide In February 2022, Amazon chose to use Apollo's technology to install a solar roof on a logistics facility in France with structural limitations

To the best of the company's knowledge, approximately 30% of Amazon's logistics warehouses face similar constraint

As of November 2022, Tadiran Solar began distributing Apollo's products in Israel

After securing a 26 MW agreement over a three-year period, Tadiran gained exclusive sales rights in Israel, particularly in the roofing and agriculture markets

A three-year distribution agreement with Tadiran

Order from

Product under development

Commercial stage

Commercial stage / long-term agreements

Partnering with leading global companies

Construction global leader

Rapidly growing worldwide demand for electricity

+1.7B	80%	180 160
Global population (+22%)* 2022-2050	Urbanization increase from 55%*	140 120
86%	10x	es 100 oul xaj 80 E
Electric vehicle penetration from 1% to	Heat pumps installed, from 180 to 1800 million 2020-2050**	60 40
86% 2020-2050**		20

*Source: United Nations Department of Economics and Social Affairs, World Population Prospects 2022: Highlights page 5/ Visualizing the material impact of global urbanization by Bruno Venditti, Visual Capitalist | April 28, 2022 (from 2020 to 2050)

**Source: Net Zero by 2050 – A Roadmap for the Global Energy Sector; International Energy Agency; Revised version, October 2021 (4th revision) P 72 Source: International Energy Agency World Energy Outlook 2023