IMPORTANT TAX NOTICE

March 30, 2022

Attention: U.S. Shareholders of Peridot Acquisition Corp. II

Re: 2021 PFIC Status

This statement is provided for shareholders who are United States persons for purposes of the U.S. Internal Revenue Code of 1986, as amended (the "Internal Revenue Code"). It is not relevant to other shareholders.

Peridot Acquisition Corp. II ("the Company") meets the Internal Revenue Code definition of a passive foreign investment company ("PFIC") for the taxable year ended December 31, 2021. The Company is hereby making available PFIC Annual Information Statements for its taxable year beginning on January 8, 2021 and ending on December 31, 2021 pursuant to the requirements of U.S. Department of the Treasury Regulation Section 1.1295-1(g)(1).

The PFIC Annual Information Statement contains information to enable you, should you choose, to elect to treat the Company as a Qualified Electing Fund ("QEF").

A U.S. shareholder, who makes a QEF election for the Company, is required annually (i) to include in his or her income, or his or her pro rata share, of the ordinary earnings and net capital gains for the Company and (ii) complete and attach an Internal Revenue Service Form 8621 for the Company to such U.S. shareholder's U.S. federal income tax return filed by the due date of the return, including extensions.

U.S. shareholders are advised to consult with their tax advisors with respect to the 2021 PFIC Annual Information Statement.

Further information on PFIC rules is available on the internet at the Internal Revenue Service website, including the following pages:

•

Instructions to complete Form 8621:https://www.irs.gov/instructions/i8621

•

Instructions to complete Form 8621 (Print Version):https://www.irs.gov/pub/irs-pdf/i8621.pdf

•

Form 8621:https://www.irs.gov/pub/irs-pdf/f8621.pdf

THIS INFORMATION IS PROVIDED IN ORDER TO ASSIST SHAREHOLDERS IN MAKING CALCULATIONS AND DOES NOT CONSTITUTE TAX ADVICE. SHAREHOLDERS ARE ADVISED TO CONSULT THEIR OWN TAX ADVISORS CONCERNING THE OVERALL TAX CONSEQUENCES OF THE OWNERSHIP OF INTERESTS IN THE COMPANY ARISING IN THEIR OWN PARTICULAR SITUATIONS UNDER THE U.S. FEDERAL, STATE, OR LOCAL OR NON-U.S. LAW.

Peridot Acquistion Corp. II

PFIC Annual Statement

Entity Name: Peridot Acquistion Corp. II

The Company may be considered a "passive foreign investment company" ("PFIC") for U.S. federal income tax purposes. The following information is provided to allow a shareholder of the Company (a "Shareholder") to make an election under Section 1295 of the Internal Revenue Code to treat the Company as a Qualified Electing Fund ("QEF Election") for U.S. federal income tax purposes. The QEF Election is optional and can only be made by the Shareholder. The Company is unable to make this election on behalf of the Shareholder. Please note that a QEF election may not be recognized for state income tax purposes in some states. The PFIC rules are complex. Please consult with your personal tax advisor to determine whether or not it is advisable for you to make a QEF Election with respect to your investment in the Company.

  • (1) This PFIC Annual Information statement applies to the tax period of the Company:

    Beginning 1/8/2021 End 12/31/2021

  • (2) The Shareholder's per-unit, per-day information for the Company's taxable period specified in paragraph (1) is provided in the below chart. We recommend that all U.S. taxpayers consult a tax advisor concerning the overall tax consequences of their ownership in the Company and their U.S. tax reporting requirements.

    Fund Name (and name of any underlying funds if applicable) Ticker

    Ordinary Earnings (US$)

    Net Capital Gains (US$)

    0.00000852290

    NONE

    Peridot Acquistion Corp. II

    PDOT

  • (3) The amount of cash and fair market value of other property distributed or deemed distributed by the Company to the Shareholder during the Company's taxable period specified in paragraph (1) is as follows:

    Cash:

    Fair Market Value of Property:NONE NONE

  • (4) The Company will permit the Shareholder to inspect and copy the Company's permanent books of account, records, and such other documents as may be maintained by the Company that are necessary to establish that PFIC ordinary earnings and net capital gain, as provided in Section 1293(e) of the Internal Revenue Code, are computed in accordance with U.S. income tax principles, and to verify these amounts and the Shareholder's pro rata share thereof.

Peridot Acquistion Corp. II

Date: __3_/_3_0_/2_0_2_2__________ By: _________________________________________ Title: _C__h_ie_f_F_i_n_a_n_c_ia_l_O__ff_i_ce_r_____________________

Additional Information

The following additional information is supplied to enable the Shareholder to complete IRS Form 8621:

(Please note: a Shareholder may have additional filing disclosures including, but not limited to, Forms 926, 5471, and/or 8938 as a result of the Shareholder's investment in the Company. Please consult your tax advisor.)

Address of the PFIC:

2229 San Felipe Street, Suite 1450

Houston, TX 77019

Taxpayer Identification Number:

98-1586920

Country of Incorporation:

Cayman Islands

Date of Incorporation:

1/8/2021

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Peridot Acquisition Corp. II published this content on 29 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 March 2022 19:07:04 UTC.