Lilium holds Capital Markets Day, announces plan for $1 billion commercial deal & strategic alliance with leading Brazilian airline Azul and the appointment of new board members following business combination with Qell - Seite 2

and affordable air travel to underserved markets across the Americas and this
makes them an ideal partner for Lilium. We're excited to work with Azul's
seasoned team to deploy a co-branded eVTOL network in Brazil. We're also
thrilled to welcome Gabrielle Toledano and Henri Courpron to the future Board of
Directors of Lilium N.V., where they'll strengthen our Board with their
operational and financial experience."

John Rodgerson, CEO of Azul, said: "Azul is the largest domestic airline in
Brazil in terms of cities served and daily departures. Our brand presence, our
unique route network, and our powerful loyalty program give us the tools to
create the markets and demand for the Lilium Jet network in Brazil. As we did in
the Brazilian domestic market over the last 13 years, we look forward to again,
now with the Lilium Jet, working to create a whole new market in the years to
come."

David Neeleman, Chairman of Azul, said: "Since Azul's founding 13 years ago, the
Brazilian aviation market has doubled with Azul capturing almost 60% of the
growth. We know how to create and grow new markets, and once again we see huge
market opportunity by bringing the Lilium Jet to Brazil."

Lilium also announced the appointment of Gabrielle Toledano, Chief Operating
Officer at Keystone Strategy LLC, and Henri Courpron, Founder and Chairman of
Plane View Partners LLC, and former CEO of ILFC and Airbus North America to the
Board of Directors of Lilium N.V., which will be chaired by former Airbus CEO
Thomas Enders, upon completion of the business combination with Qell.

Gabrielle Toledano brings over 30 years of leadership experience in technology,
gaming and digital transformation within Fortune 500 companies such as Tesla,
Electronic Arts, Microsoft and Oracle. She is currently the Chief Operating
Officer at Keystone Strategy LLC. Her previous positions include the role of
Executive in Residence for Comcast Ventures and its portfolio companies and
Chief People Officer at Tesla, Electronic Arts and Siebel Systems.

With over 30 years in management positions in the aviation industry, Henri
Courpron will add extensive industry expertise to Lilium's board. He is
currently Chairman of Plane View Partners LLC, an aviation and aerospace
advisory firm, and was previously the Chief Executive Officer of International
Lease Finance Corporation ("ILFC") where he led a series of strategic
initiatives to strengthen its financial position, governance and global
footprint. Prior to joining ILFC, he served for 20 years at Airbus in a number
of management positions, including President and Chief Executive Officer of
Airbus, North America. Henri is also a former director of Azul Airlines in