| ABOUT LILIUM
Lilium (NASDAQ: LILM) is creating a sustainable and accessible mode of high-speed, regional transportation for people and goods. Using the Lilium
Jet, an all-electric vertical take-off and landing jet, designed to offer leading capacity, low noise, and high performance with zero operating emis-sions, Lilium is accelerating the decarbonization of air travel. Working with aerospace, technology, and infrastructure leaders, and with announced
sales and indications of interest in Europe, the United States, China, Brazil, the UK, the United Arab Emirates, and the Kingdom of Saudi Arabia,
Lilium’s 950+ strong team includes approximately 500 aerospace engineers and a leadership team responsible for delivering some of the most
successful aircraft in aviation history. Founded in 2015, Lilium’s headquarters and manufacturing facilities are in Munich, Germany, with teams based
across Europe and the U.S. To learn more, visit www.lilium.com.
FORWARD-LOOKING STATEMENTS
This communication contains certain forward-looking statements within the meaning of the U.S. federal securities laws, including, but not limited to,
statements regarding (i) Lilium N.V.’s and its subsidiaries (collectively, the “Lilium Group”) proposed business and business model, (ii) the markets and
industry in which the Lilium Group operates or intends to operate, (iii) the anticipated timing of the commercialization and launch of the Lilium Group’s
business in phases, including the timing of the first manned flight and the Lilium Jet’s entry into service (iv) the Lilium Group’s ability to successfully
patent its intellectual property and the future performance of its innovations, (v) the expected results of the Lilium Group’s business and business
model, including the Lilium Group’s expectations with respect to Lilium POWER-ON, (vi) the Lilium Group’s capital raising expectations and the consum-mation of capital raising transactions, (vii) the timing of the Lilium Group’s targeted regulatory milestones, including obtaining type certification (and
type certificate validation) of the Lilium Jet, (viii) the effect on the Lilium Group’s business from securing an EASA Design Organization Approval, (ix)
the Lilium Group’s anticipated receipt of pre-delivery payments and the extent to which such payments will help cover its capital requirements, (x) the
Lilium Group’s expectations concerning its strategic collaborations, partnerships and suppliers, (xi) the production and delivery of the Lilium Jet, includ-ing expectations regarding its batteries, (xii) the anticipated increase in the Lilium Group’s workforce, and (xiii) the Lilium Group’s guidance for the first
half of 2024, including estimated adjusted cash spend and unaudited liquidity. These forward-looking statements generally are identified by the words
“anticipate,” “believe,” “could,” “expect,” “estimate,” “future,” “intend,” “may,” “on track,” “plan,” “project,” “should,” “strategy,” “will,” “would” and sim-ilar expressions. Forward-looking statements are predictions, projections, and other statements about future events that are based on management’s
current expectations with respect to future events and are based on assumptions and are subject to risk and uncertainties that are subject to change
at any time. Actual events or results may differ materially from those contained in the forward-looking statements. Factors that could cause actual future
events to differ materially from the forward-looking statements in this communication include those risks and uncertainties discussed in Lilium’s filings
with the U.S. Securities and Exchange Commission (the “SEC”), including in the section titled “Risk Factors” in our Annual Report on Form 20-F for the
year ended December 31, 2022, on file with the SEC, and similarly titled sections in Lilium’s other SEC filings, all of which are available at www.sec.gov.
Forward-looking statements speak only as of the date they are made. You are cautioned not to put undue reliance on forward-looking statements, and
Lilium assumes no obligation to, and does not intend to, update, or revise these forward-looking statements, whether as a result of new information,
future events or otherwise. |