SVAQ · Silicon Valley Acquisition Corp.

As described in the Issuer's registration statement on Form S-1 (File No. 333-290366) (the "Registration Statement") under the heading "Description of Securities", the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.

499,950 Class B ordinary shares were forfeited to the Issuer by Silicon Valley Acquisition Sponsor LLC (the "Sponsor") at no cost, in connection with the expiration of the remaining portion of the underwriters' over-allotment option as described in the Registration Statement.

The Sponsor is the record holder of such securities. Dan Nash is the managing member of the Sponsor, and as such, has voting and investment discretion with respect to, and may be deemed to have beneficial ownership of, the securities held by the Sponsor. Mr. Nash disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

Simultaneously with the consummation of the initial public offering (the "IPO") of Silicon Valley Acquisition Corp. (the "Issuer"), Silicon Valley Acquisition Sponsor LLC (the "Sponsor") acquired, at a price of $10.00 per unit, 425,000 private placement units for an aggregate purchase price of $4,250,000. Each private placement unit consists of one Class A ordinary share and one-half of one redeemable warrant, as described in the Registration Statement on Form S-1 (File No. 333-290366) related to the IPO.

The Sponsor is the record holder of such securities. Dan Nash is the managing member of the Sponsor, and as such, has voting and investment discretion with respect to, and may be deemed to have beneficial ownership of, the securities held by the Sponsor. Mr. Nash disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.