This document summarizes Ultraleap's vision, mission, products, and growth strategy. Ultraleap's vision is to be the most significant user interface company by delivering interaction solutions that remove boundaries between the physical and digital worlds. Their products include the world's only freehand sensing with mid-air haptic feedback. They have a track record of strategic execution, growing markets, and large potential addressable markets in automotive, consumer electronics, AR/VR, and digital out-of-home.

1. ©2019 Ultraleap Ltd. All rights reserved. CONFIDENTIAL 1
The next user
interface is here
NOAH London | October 30, 2019
Christopher Olds, CFO

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3. ©2019 Ultraleap Ltd. All rights reserved. CONFIDENTIAL 2
The era of spatial computing has arrived

4. ©2019 Ultraleap Ltd. All rights reserved. CONFIDENTIAL 3
Our Vision
To be the most significant user
interface company
Our Mission
To deliver interaction solutions
that remove the boundaries
between
the physical and digital worlds

5. ©2019 Ultraleap Ltd. All rights reserved. CONFIDENTIAL 4
The world’s only freehand sensing with
mid-air haptic feedback
Future of human-machine interaction is a 3D spatial experience, and Ultraleap provides the complete interface
Ultraleap combines the world’s most powerful hand-tracking with the world’s leading mid-air haptic technology
The first full vertical stack of software and hardware for spatial (3D) interaction
• World leaders in computer vision – 10 years and 5 generations of innovative software
• The industry’s most robust hand tracking solution, powered by artificial intelligence
• Community of 350,000+ developers worldwide
• 100+ patents
• “Virtual touch” technology using ultrasound to create tactile sensations in mid-air
• No controllers or wearables needed: users can interact in a natural way with virtual
objects
• Gestures can be enhanced with tactile feedback, making interactions safer, more
effective and engaging
• 100+ patents
• Network of 80+ universities researching on Ultraleap’s platform

6. ©2019 Ultraleap Ltd. All rights reserved. CONFIDENTIAL 5
Huge and growing markets
Spatial computing - key markets
Automotive PC/Laptop/Enterprise AR/VR/Gaming Out-of-Home
Key use
cases
Infotainment HMI; autonomous
driving
PC/Laptop/tablets; enterprise and
design applications
AR and VR HMDs,
peripherals, design tools
Marketing, Retail & location-based
entertainment
TAM
2019 ~100m vehicles p.a. ~390m units p.a. 6m (dedicated) 38m units (installed base)
2024 ~110m vehicles p.a. ~370m units p.a. >50m units p.a. 60m units (installed base)
SAM
2019 35m units <1m 1m units
2024 14m vehicles >50m units >50m units p.a. >3m units

7. ©2019 Ultraleap Ltd. All rights reserved. CONFIDENTIAL 6
Ultraleap’s spatial interaction has clear,
real world advantages
20% more
replays3
>25% Reduction
in glance time2
Notes: (1) Independent study conducted by ERm Research measuring 316 moviegoers responses to Shazam!, La Llorona and Pokemon: Detective Pikachu at Regal L.A. Live film venue in 2019 in the week prior to the film release; (2) Based on 2018 research conducted by the University of
Nottingham - Exploring the Use of Mid-Air Ultrasonic Feedback to Enhance Automotive User Interfaces; (3) Based on research undertaken on the pilot project AFFECTED: The Visit installed at ImmotionVR arcade in Cabot Circus mall in Bristol in collaboration with Fallen Planet Studios
Marketing / Advertising
(Digital signage)
Automotive
(Infotainment controls)
XR (cross-reality)
(AR / VR experiences)
Average increase in ad recall
compared to static digital signage
• Transforming 2D displays into 3D
interactions
• Immersive brand experiences to
enhance user engagement and loyalty
Average 25% decrease in “eyes off
the road” time compared to
touchscreen
• Potential to turn any vehicle space into a
tactile interface
• Improved accuracy and reduced ‘eyes
off the road’
Average increase in replays with haptics
versus without haptics
• Integration with AR / VR headsets to complete fully
immersive experience
• Professional workflows without the learning curve
4.8x
Ad recall1

8. ©2019 Ultraleap Ltd. All rights reserved. CONFIDENTIAL 7
Track record of strategic execution,
with significant milestones achieved
2014 20192018201720162015
£35m
Series C
£17.9m
Series B
£10.1m
Series A
€1.49 European
Commission
Grant
Funding
Software and product
development
Industry recognition
Commercialisation and
corporate
Team
2nd Gen transducer design sourced:
6.8x smaller in volume
3x reduction in sale price
Surface mount for mass production
Fully automotive qualified
1.5x reduction in pitch
1st Gen
transducer
Transfer of two
patents from the
University of
Bristol to the
Company
Launch of
STRATOS
development kit
Queen’s
Technology
Innovation of the
Year award
Launch of
Academic Program
(MIT, Stanford, Oxford, Tokyo)
Awarded
ISO9001:2015
certification
CES 2015 Top Picks
Award
NMI Young Engineer
of the Year Award
Disrupt 100
UK’s most
disruptive tech
company
WCIT Innovation
Award
Michael Tobin
(OBE) appointed
as Chairman
Sir Hossein
Yassaie joins
Board of Directors
Anders Hakfelt joins as
Global VP Product &
Marketing
Chris Olds
appointed as CFO
Alain Bismuth joins as
SVP Global Sales
Silicon Valley
office opened Acquisition of
Leap Motion
Ultrahaptics and
Leap Motion
rebrand as
Ultraleap
First full commercial
production license
signed with IGT
Office in One
Glass Wharf
Bristol opened Distribution agreement in
Japan with Cornes
Technologies announced
Illustrative commercial
partners
Launch
STRATOS
Inspire
Launch
STRATOS
platform
PwC Private
Business Awards
CES Innovation
Award
Fallen Planet
Immotion Deal
First customer
with Rigel
tracking model
IFRS
conversion
Woodford
secondary

9. ©2019 Ultraleap Ltd. All rights reserved. CONFIDENTIAL 8
20 21 22 22 22 23
24
45
64
95
130
167
36
39
43
47
51
54
82
107
131
166
206
247
2019 2020 2021 2022 2023 2024
Ultraleap in numbers
Auto DOOH XR PC/Laptop/Enterprise
Haptics(units, m)
(units, m)
63 65 67 68 69 70
9 10 11 12 13 146 12 22 34 50 69
36 39
43
110
111
250
113 126 143
225 244
403
2019 2020 2021 2022 2023 2024
Tracking
(units, m)
30%
62%
67%
Q2 Q3 Q4
Non-recurring Recurring
2 8 20
48
122
254
2019 2020 2021 2022 2023 2024
5 19
43
82
106
155
2014 2015 2016 2017 2018 2019 2020
350,000+
Developers across 200 countries working on
Ultraleap’s hand-tracking platform
EBITDA
positive
+
Cash-flow
positive
Large and growing near-term serviceable addressable markets1
Deliverable plan to reach £254m revenue by 2024
Revenue (£m)
Demonstrable shift towards recurring revenue
2019 quarterly bookings
Innovation ecosystem built on Ultraleap’s platform
Extensive, research-based IP
International team to support growth
Ultraleap FTEs
80+
Academic network of leading universities
researching applications on Ultraleap’s mid-air haptics
platform
Jan-13
Jan-14
Jan-15
Jan-16
Jan-17
Jan-18
Oct-19
Notes: (1) IHS Markit; IDC 2019 & 2023
300+ patents
Fundamental patents covering both hand-tracking and
haptics technologies

10. ©2019 Ultraleap Ltd. All rights reserved. CONFIDENTIAL 9
Customers and partners
9©2019 Ultrahaptics. All rights reserved.
Customers & partners
©2019 Ultraleap. All rights reserved.

11. ©2019 Ultraleap Ltd. All rights reserved. CONFIDENTIAL 10

12. ©2019 Ultraleap Ltd. All rights reserved. CONFIDENTIAL 11
Thank you
ultraleap.com
@ultraleap
info@ultraleap.com
The West Wing
Glass Wharf
Bristol
England
BS2 0EL
+44 117 325 9002
info@ultraleap.com
UK
2522 Leghorn Street
Mountain View
California, 94043
United States
+1 650 600 9916
info@ultraleap.com
US

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EUROPE’S LEADING INTERNET
CORPORATE FINANCE BOUTIQUE®
The NOAH Advisors Core Banking Team
Marco Rodzynek
Managing Director & Founder
Jan Brandes
Managing Director
Nikhil Parmar
Director
Olek Skwarczek
Associate
Lukas Schlund
Analyst
December 2014 October 2014
Sale of 100% of
for $800m to
Exclusive Financial Advisor to
Fotolia and the Selling Shareholders
Sale of 100% of
for €80m to
Exclusive Financial Advisor to
Trovit and its Shareholders
October 2016
Investment in
Exclusive Financial Advisor to KäuferPortal
and its Shareholders
by
84% Ownership
December 2016
August 2017
Financial Advisor to Silver Lake
Financial Advisor to EMK Capital
Investment in
Acquisition of a Majority Stake in
by
by
at a valuation of $200m
November 2019 July 2019
September 2018
Financial Advisor to MagicLab
Financial Advisor to AU10TIX
and its shareholders
Financial Advisor to 10bis
and its shareholders
Acquisition of a 79% stake in $60m Investment in
Sale of 100% in
by
at a valuation of ~$3 billion
at a valuation of $260m by
for €135m to
10Bis