| 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 1000+ 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 related estimates regarding cash spend, (iv) our ability to successfully patent or otherwise protect our intellectual proper-ty and the future performance of our innovations, (v) the expected results of the Lilium Group’s business and business model, including when launched
in phases, (vi) our capital raising expectations and the expected timing and/or consummation of the various capital raising transactions, including any
related support from local or federal governments or other public sector entities, described herein and the use of proceeds therefrom, (vii) the timing
of Lilium’s targeted regulatory and program development milestones, including the first piloted flight of the Lilium Jet and entry into service, (xiii) Lilium’s
anticipated receipt of pre-delivery payments and the extent to which such payments will help cover Lilium’s capital requirements and (ix) estimates re-garding future cash spend. These forward-looking statements generally are identified by the words “anticipate,” “believe,” “could,” “expect,” “estimate,”
“future,” “intend,” “may,” “on track,” “plan,” “project,” “should,” “strategy,” “target,” “will,” “would” and similar 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 for-ward-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, 2023, 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. |