TSX-V: SIM | OTCQX: SYATF

Corporate Presentation

March 2020

Disclaimer

References herein to this presentation shall mean and include this document, any oral presentation accompanying this document provided by Siyata Mobile Inc. (the “Company”) and any further information that may be

made available in connection with the subject matter contained herein. By viewing or receiving or reading this presentation or attending any meeting where this presentation is made, you agree to be bound by the

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This presentation is confidential, is intended for the recipient only and thus may not be forwarded, reproduced, redistributed or passed to any other person or published in whole or in part for any purpose. If this document

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This presentation contains inside information with regard to the Company and/or its securities. Recipients of this presentation should not deal or encourage any other person to deal in the securities of the Company until

the transaction described in this presentation is either announced or abandoned by the Company. Dealing in securities of the Company when in possession of inside information would result in liability for breach of insider

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No securities of the Company have been or will be registered under the Securities Act of 1933, as amended (the “Securities Act”), or under any state securities laws, and the securities of the Company may not be offered or

sold in the United States (or to, or for the account or benefit of U.S. Persons) except pursuant to an exemption from, or a transaction not subject to, the registration requirements of the Securities Act. The Company does not

intend to register in the United States any portion of its securities or to conduct a public offering of any of its securities in the United States. Any offer or sale of the securities of the Company in the United States is limited to

“accredited investors” as defined in Rule 501(a), both under the Securities Act. Any securities issued will be “restricted securities” as defined in Rule 144 of the Securities Act.

This presentation may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the

Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may

differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, the ability of the Company to protect its

intellectual property rights, the Company’s ability to retain customers, the Company’s ability to develop technologies, continued availability of capital and financing, and general economic, market or business conditions.

There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking

statements except as required under the applicable laws.

TSX-V: SIM | OTCQX: SYATF siyatamobile.com 2

Company Overview

TSX-V: SIM | OTCQX: SYATF siyatamobile.com 3

About Siyata Mobile Inc. Siyata Mobile Inc. at a Glance(1)

Siyata Mobile is a leading developer and provider of cellular

communication systems for enterprise customers.

Siyata provides high quality and technologically advanced

in-vehicle mounted smartphone devices for global first

responders, commercial fleets and vehicles based on Push

to Talk Over Cellular (PoC) technology.

Siyata develops and manufactures its devices and licenses

the industry-recognized Uniden brand

Headquarters: Canada

Founded: 2012

IPO: 2015

Operating in: United States, Canada, Europe, Australia,

Middle East

Ticker: SIM

Exchange: TSXV

Stock Price ($ CAD): $0.30

Basic Shares Outstanding(2): 125.2 million

Market Capitalization ($ CAD): $37.6 million

LTM Revenue ($ CAD): $12.8 million

SIM Trading History

(1) Data as of 2/24/2020

(2) 154.7 million fully diluted shares outstanding

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Investment Highlights

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Leading global developer of enterprise connected vehicleproducts

Large global telecommunication customers

New innovative products primed for growth

Experienced manufacturing team

Competitive cost structure

Strong management and board of directors

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Primary Target Markets

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First Responders

~3.5 million(1) emergency vehicles

estimated in the United States

~17 million(1) commercial trucks in the

United States and over 3.5 million in

Canada (2)

Commercial FleetsFire trucks, ambulances, police cars Transportation, taxis, waste management,

natural resources

(1) https://www.bts.gov/sites/bts.dot.gov/files/docs/browse-statistical-products-and-data/national-transportation-statistics/223001/ntsentire2018q3.pdf#page=41(2) http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/trade14a-eng.htm

Siyata’s Market- PoC

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What is PoC?

• PoC is wireless two-way communication that connects over a cellular network instead of a radio

network at the push of a button.

• PoC is replacing legacy Push-to-Talk (PTT) solutions that operate over land mobile radio (LMR).

• Both PoC and PTT offer instant communication for first responders and enterprise customers.

Siyata’s devices operate using Push-to-Talk over Cellular (PoC).

The outlook for PoC solutions is addressed in VDC Research’s report, Key Success Requirements For In-Vehicle Push to Talk Communications

Solutions(1)

PoC Market Research

The report’s findings include:

• The US population of PoC users is expected to grow from 4.5M in 2019 to 7.5M by 2023, a CAGR of 13.6%

• Cost savings over existing PTT solutions is the leading investment driver for PoC

• Out of the 4+ million PoC end users in the US, the public sector remains the largest user segment

• Research has shown that demand for PoC in-vehicle devices is growing, with one in four respondents opting for in-vehicle solutions

TSX-V: SIM | OTCQX: SYATF siyatamobile.com 7

[1) https://kincommunications.com/wp-content/uploads/2019/08/2019-Siyata-WP-VDC.pdf

Legacy Land Mobile Radio (LMR) Limitations

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• LMR hardware can be excessive and inefficient, cluttering in-vehicle cabins and creating additional costs

• Two-way radio, also known as Land Mobile Radio (LMR) has limited coverage, creating dead zones for first responder

vehicles and public transportation

• LMR is restricted in functions — local available radio bandwidth can only provide talk services

Limited coverage zone for LMR LMR Dead ZoneLMR Dead Zone

• LMR limits the ability for first responders to communicate with each other, while PoC allows for a unified network

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Legacy Hardware Problems

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Commercial vehicle cabins are often inefficient and

distracting due to numerous communication

devices, and mapping and fleet management tools,

all from different vendors

CANbus Black Box

Fleet Management

Tool

Corporate Phone

Land Mobile Radio

(LMR/PTT)

Navigation System

Excessive and Redundant Hardware Limitations and Excessive Costs of Land

Mobile Radio (LMR)(1)

LMR Licensing Activity

LMR systems involve

hardware and

infrastructure

maintenance that is very

costly

Restricted in functions —

local available radio

bandwidth can only

provide talk services

2018 set record low for

new LMR subscriptions(1)

[1] https://urgentcomm.com/2019/01/03/public-safety-lmr-licensing-activity-sets-new-low-during-2018/

The world’s first and only dedicated in-vehicle smartphone with 4G/LTE capabilities specifically designed to optimize mobile

communications while driving. The UV350 is the ultimate IoT device for commercial vehicles and has received North American

government and industry certifications, including FCC, PTCRB, GMS and IC[1].

The Solution: Uniden® UV350

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5.5” Display

Android Operating

System

Enables users to eliminate

redundant hardware via apps

Push-to-Talk Over Cellular

(PoC)

Capable of group and one-to-one voice talk

4G/LTE

4G/LTE high speed data,

up to 150 Mbps

Noise Cancellation

Clear sound with dedicated microphone &

speaker

WiFi Hotspot

Extended cellular range and

data capabilities

Always Powered

Hardwired to vehicle battery ensures device

always powered

Economic

Far lower price compared to using

multiple devices

Accessories

Can be equipped with microphone

[1] Industry Canada certification (IC) is only for Canada

What The Uniden® UV350 Offers

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Siyata’s UV350 provides users with high network coverage levels, enhanced safety and increased functionality, while

decreasing CAPEX and OPEX.

CAPEX OPEX Safety Network

Coverage

Functionality

“The decision (to replace aging LMR systems with PoC) saved the county more than $16 million in upfront costs and more than $2 million annually.” Mike Newburn,

Wireless Manager for FairFax County, Virginia [1]

[1] https://urgentcomm.com/2016/08/18/fairfax-county-michael-newburn-explains-replacement-of-general-government-lmr-system-with-carrier-enhanced-ptt-service/.

Market Opportunity

TSX-V: SIM | OTCQX: SYATF siyatamobile.com 12

(1) http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/trade14a-eng.htm(2) https://www.bts.gov/sites/bts.dot.gov/files/docs/browse-statistical-products-and-data/national-transportation-

statistics/223001/ntsentire2018q3.pdf#page=41

• Large addressable enterprise vehicle market with over 17 million(2)

commercial trucks in the United States and over 3.5 million in

Canada

• Large addressable first responder market, with over ~3.5 million(2)

emergency vehicles estimated in the United States

• Opportunity for future recurring revenue from third party fleet

application (e.g. enterprise mapping software) and accessory (e.g.

microphones, boosters etc.) sales

• To our knowledge, North American market hosts no competing,

carrier-grade, 4G capable, in-vehicle mobile device

• Certified for use on FirstNet, a $100B government grant to AT&T to

build a dedicated first responder cellular network (see more on slide

15)

Siyata is focused on growing sales in the strategic

North American market in 2020

Targeting:

Our Sales and Distribution Partners

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Siyata integrates devices with leading cellular carriers and their distributors who sell to their existing enterprise customers.

Cellular technology allows carriers to compete in market segments traditionally dominated by LMR.

Operating in U.S. Operating in

Canada

9.61M subscribers153M subscribers

Operating in U.S.

450K

subscribers

The UV350 is now in enterprise sales channels with carrier partners which collectively have over 200 million

cellular network subscribers and in most cases is the first cellular device allowing them to get a sim card into

millions of commercial vehicles currently using Land Mobile Radio.

Operating in

Canada

10.8M subscribers

Operating

worldwide

Operating in U.S.

118.7M subscribers

UV350 Customer Testimonials

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South Florida School District Testimonial

"We wanted a communications system that would not only deliver on our existing

requirement for loud and clear voice communications with the bus drivers, but also one that

would allow us to add more functionality in the future, and that would eliminate our

maintenance costs with the aging equipment and tower sites."

Leading Canadian Road Paving Heavy Construction Company Testimonial

"With a patchwork of different communications systems it limited our team's ability to

communicate, so we needed to find a better solution. Push-to-Talk over Cellular made the

most sense for us due to our requirements to communicate with our drivers. and field

workers in different regions and provinces, and because Push-to-Talk over Cellular works

throughout the country wherever there is cellular coverage."

DARTS Hamilton Testimonial

"While the old system of tablets and two-way radios was still working, the total op-ex

cost of the system and some operational challenges caused us to rethink what would

work best for our vehicle communications system today, and for the future."

First Responder Network Authority

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1,000,000+ FirstNet Connections

[1] https://washingtontechnology.com/blogs/editors-notebook/2017/03/att-firstnet-award.aspx

UV350 is the only dedicated in-vehicle PoC device that is

certified FirstNet ReadyTM

$100 Billion government grant to create FirstNet, a

broadband LTE network in the United States[1]

10,000+ public safety agencies

UV350 Sales Pipeline[1]

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The UV350 sales funnel is growing with initial customer engagements moving forward into full scale

operational trials.

Prospects/Customer Engagement

– ~$22M+

Proof-of-Concept and Trials –

~$20M+

Total Sales

Opportunity Pipeline

~$42M+

Objective: Aggressively grow sales by building and maintaining an opportunity pipeline of >$100M.

Available through:

[1] All numbers in $ CAD

Our 4G/LTE Product Portfolio

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Category In-Vehicle Rugged Boosters

Devices(s) UV350, CP250 UR7 U60, U65, U70, UM50, Link

Generation 4G 3G / 4G All 2G, 3G & 4G

Technology PoC PoC -

Launched 2018 2018 2018

Target MarketCommercial vehicles, First responder

vehiclesMobile worker industry

Commercial, Retail, and

Industrial

Multiple cellular operators, over 50 dealers and leading retailers offering Siyata’s products both in North America & globally

$66.5 million in sales to date

Financial Performance

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[1] 19.9% decrease in revenue due to lower 3G sales as existing carriers begin process of migration for 4G devices

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2014 2015 2016 2017 2018 2019

$7.4M $9.9M $12.3M $17.7M

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25

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Gross Margin (%)

$14.2[1]

Rev

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(MM

CA

D)

$10.0

Revenue (MM CAD)

Ma

rgin (%

)

(Q1, Q2, Q3)

Condensed Consolidated Balance Sheet September 30, December 31,

($ CAD) 2019 2018

Cash 1,888,133$ 2,420,205$

Total Assets 21,082,938 17,784,342

Total Liabilities 7,193,940 8,754,274

Accumulated Deficit (28,475,535) (22,619,168)

Total liabilities & shareholders' equity 21,082,938$ 17,784,342$

Siyata’s Condensed Balance Sheet & Capitalization

TSX-V: SIM | OTCQX: SYATF siyatamobile.com 19

Common Shares Outstanding 125.2M

Warrants

@ $0.60 (Dec. 21) 4.6M

@ $0.60 (Aug. 21) 3.7M

@ $0.45 (Dec. 22) 7.9M

Agent Options

@ $0.60 (Dec. 21) 0.2M

@ $0.415 (Dec. 21) 0.7M

Options @ $0.47 12.4M

Debenture Debt

(Exp. June 2020) $1.3M

(Exp. Dec 2021) $7.9M

Fully Diluted Shares Outstanding 154.7M

Capitalizat ion Table [1]

[1] All numbers in $ CAD except numbers of shares outstanding

Operating Targets for 2020

Over 50% Organic Revenue Growth

Emphasis on commercial vehicle & rugged devices solutions in North America

Establish Industry Leading 4G Portfolio in Main Target Market

Accessing ~$17B CAD North American Market Through Cellular Carrier Sales Channels

Achieve Industry Leading Profitability

100,000 Devices Sold by 2022

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Management and Board of Directors

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Marc Seelenfreund – Founder and CEO

- Over 20 years of experience in the telecom and cellular arena;

- Founder of a leading telecom distribution company representing multiple global telecom vendors;

- Has a law degree and is Chairman of the Board at a leading private university.

Gerald Bernstein – CFO

Glenn Kennedy – VP Sales

- Spent 20 years focusing on private equity financing and tax efficient corporate structuring in multi-jurisdictional

arenas;

- Holds a Bachelor of Commerce as well as a Graduate Diploma in Public Accountancy, both from McGill University;

- Member of the Canadian Institute of Chartered Accountants since 1987 and a professional chartered accountant.

- Over 25 years of sales experience in the telecommunications industry;

- Has managed sales nationally for Motorola Canada, HTC Communications Canada and Sonim Technologies;

- Holds a Bachelor of Arts in Honors Business Administration from the Richard Ivey School of Business at the

University of Western Ontario.

Management and Board of Directors (cont’d)

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Stephen Ospalak– Board Member

Michael Kron– Board Member

- Over 20 years in telecom, currently SVP Marketing & Operations at BMG Inc.;

- Served as VP of Products & Services at TELUS Communications Inc. responsible for an annual spend > $US 1 billion

and has held management positions at AT&T.

- Over 20 years of experience in investment and corporate finance, currently Chairman and CFO at

AnywhereCommerce Inc.;

- Co-founder and CFO of Miazzi Ventures where he founded Mamma.com Inc.. Which was later sold to

Intasys Corporation at a $44M valuation.

Brian Budd– Board Member

- Extensive management & corporate development background with over 25 years of entrepreneurial & sales

leadership experience in high tech and resource industries;

- Experienced in the areas of penetrating new markets, hiring and developing sales teams, implementing sales

techniques and strategies and building pipeline.

Richard Hoy– Board Member

- Over 30 years in telecom, served as SVP of Operations at Ledcor for the past 7 years;

- Held a Managing Director and SVP Sales role at TELUS for four years, leading a declining sales division into a highly

profitable and engaged enterprise sales team.

23

SIM@kincommunications.com

+1 (604) 684-6730 (Local)

+1 (866) 684-6730 (Toll-Free)

Email

THA NK YOU

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