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 reference to the Company's estimate with regard to the manufacturing plant in Mevo Carmel (slide 4), the Company's prediction a significant growth in 2024 in the load-limited roofs market (slide 8) ,the Company's prediction for a continuous growth in year to year sales (slide 23), the sales potential relative to production capabilities (based inter-alia on current selling prices and the current raw material price environment) (slide 24), and the Company's goals (slide 25). 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 (see in this context slide 24 regarding the sales potential relative to the production capabilities). 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.

Ground-Breaking Solar Technology

The result of 10 years of research and development
Made in Israel
Patented technology for flexible, lightweight and durable solar films that produce energy from any surface

Exceptional production capacity

Apollo-Carmel: The world's biggest, fully automated flexible solar manufacturing facility expected 190MWp/y

Leading Global Partnerships:

Product under development

Commercial stage

Commercial stage, long-terms agreements

Leading as a Value

Automotive solar pioneers | Leaders of solar solutions for facilities with load-bearing limitations

The best solar technology in the world.

Durable in tough weather conditions

Adjustable to any shape of structure, moves organically on water

Easy to pack, deploy and install

A ground-breaking technology of lightweight and flexible solar films, efficient and durable that can transform any surface into an energy-producing platform

In September 2023, an accredited US testing laboratory certified the company's products and factory according to IEC/UL 61215, IEC/UL 61730 standards, opening new markets and opportunities

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•Tailored to accommodate structures with load limitations and curved surfaces, Apollo's solar panels offer flexibility, lightweight and exceptional durability.

•Approximately 30% of industrial facilities, as estimated by the company, have load limitations.

• Following multiple successful installations over 18 months, Apollo initiated marketing efforts in Europe and the US.

•The company anticipates substantial market growth within this sector in 2024. ⁸

A three-year distribution agreement with Tadiran

•Upon activation of the distribution agreement in November 2022, Tadiran Solar initiated the distribution of Apollo's products in Israel.
•After securing an agreement for 26 MW over a three-year period, Tadiran gained exclusive sales rights in Israel, specifically in the roofing and agriculture sectors.

•In February 2022, Amazon chose to utilize Apollo's technology for installing a solar roof on a logistics facility with structural limitations in France.

•To the best of the company's knowledge, roughly 30% of Amazon's logistics warehouses share similar constraints.

Order from Amazon

Powering some of the world's largest fleets

on trucks, buses and other automobiles, saving fuel and reducing emissions

The company observed a surge in demand in 2023 for its solutions, specifically for versatile, lightweight, and durable solar panels utilized in military and other applications.

In November 2023, the company finalized a 10-year agreement with DSV, one of the world's largest logistics companies, to establish a logistics facility.

Additional business advancements

Installation of Apollo's aftermarket solution on the truck fleets of the five leading food manufacturers in Israel.
Additionally, the company secured an order from a Singaporean corporation, amounting to approximately 3.5 million NIS, for a portable solar system equipped with folding capabilities, inclusive of its solar panels.

Additional business advancements

Collaborating with auto industry leaders

•The company integrated its adaptable solar cells into the roofs, hoods, and various body components for top-tier automotive manufacturers including Audi and Hyundai.
•Volkswagen (VW) has initiated its initial commercial order, totaling 33 million Euros, for after-market products.

Continuously

Innovating

Leading Intersolar 2023

Our solar roll and solar car roof were listed as finalists in Intersolar Europe 2023, the leading solar exhibition in the world

First of its kind solar installation

In 2022, the company completed installing a solar pavement at an Amazon logistics facility in France.

This innovative pavement generates clean electricity used to charge electric bicycles and scooters used by Amazon employees.

New Products

Development

An exclusive dual-purpose solution that combines shading capabilities with solar energy harvesting, addressing diverse applications for the RVs market

Apollo is collaborating with an industrial partner, to develop an innovative solar awning tailored for RVs and balcony shading