On August 8, 2023, AST SpaceMobile, Inc. was informed by Rakuten Group, Inc. that Rakuten had removed Tareq Amin as a director of the Company following his departure from Rakuten. Mr. Amin had previously been appointed as a Rakuten designee pursuant to the Company?s Stockholders Agreement. In light of the foregoing, Mr. Amin will not be standing for re-election to the Company?s Board of Directors at the 2023 annual meeting of stockholders scheduled for August 17, 2023.

Rakuten has the right to designate a director nominee to replace Mr. Amin on the Board pursuant to the Company?s Stockholders Agreement.