4DS MEMORY LIMITED — Capital/Financing Update 2017

Nov 2, 2017

4DS Memory Limited | ABN 43 145 590 110 Level 2, 50 Kings Park Road, West Perth WA 6005 PO Box 271, West Perth WA 6872 +61 8 6377 8043 | david@4dsmemory.com | www.4dsmemory.com

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ASX RELEASE

3 November 2017

4DS SUCCESSFULLY COMPLETES A$3.45 MILLION PLACEMENT

• A$3.45 million raised will fund development activities to achieve key strategic and technical milestones

• The Placement was significantly oversubscribed

• Chairman Jim Dorrian to invest A$250,000 subject to shareholder approval

4DS Memory Limited (ASX:4DS) ( 4DS ) (the Company ) today announced the successful completion of a placement of approximately 86.25 million new ordinary shares at an issue price of A$0.04 per share to professional and sophisticated investors to raise A$3.45 million ( Placement ). The issue price represented a 9% discount to the VWAP for the 5 days up to and including Tuesday, 31 October 2017 of $0.0437.

The Placement was significantly oversubscribed and the proceeds raised will be used to fund the Company’s ongoing development activities relating to its Interface Switching ReRAM Storage Class Memory technology and also to achieve key strategic and technical milestones.

Commenting on the capital raise, Chief Executive Officer and Managing Director, Dr Guido Arnout, said “We are once again very pleased with the support shareholders have shown the Company and with the enthusiasm shown by new sophisticated and institutional investors.”

“Having just recently entered into a collaboration with imec announced on 1 November 2017, and, together with the Company’s strengthened cash position, 4DS is well placed to move rapidly to developing a megabit chip with imec and demonstrate that it potentially has a fully functioning memory suitable for Storage Class Memory.”

4DS Chairman Jim Dorrian has committed to invest A$250,000 of the placement total, subject to shareholder approval which will be sought as soon as possible.

Mac Equity Partners acted as the lead manager and bookrunner to the Placement and will also be issued 5,000,000 unlisted adviser options exercisable at $0.07 each, expiring on 30 June 2020.

The shares (other than those to be subscribed for by 4DS Chairman, Jim Dorrian) and the options are to be issued pursuant to the Company’s 15% placement capacity under ASX Listing Rule 7.1.

ENDS

Contact information

Investors: David McAuliffe 4DS Memory +61 408 994 313 david@4dsmemory.com

About 4DS

4DS Memory Limited (ASX: 4DS), with facilities located in Silicon Valley, is a semiconductor development company of non-volatile memory technology, pioneering Interface Switching ReRAM (Non-Filamentary ReRAM), for next generation gigabyte Storage Class Memory. Established in 2007, 4DS owns a patented IP portfolio, comprising 19 granted US patents and 4 patents pending, which has been developed in-house to create high density Storage Class Memory. 4DS has a joint development agreement with Western Digital subsidiary HGST, a global storage leader, which accelerates the evolution of 4DS’ technology.

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4DS Memory Limited | ABN 43 145 590 110

Level 2, 50 Kings Park Road, West Perth WA 6005 PO Box 271, West Perth WA 6872 +61 8 6377 8043 | david@4dsmemory.com | www.4dsmemory.com

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Disclaimer

This release contains certain forward-looking statements that are based on the Company’s management’s beliefs, assumptions and expectations and on information currently available to management. Such forward looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results or performance of 4DS to be materially different from the results or performance expressed or implied by such forward looking statements. Such forward looking statements are based on numerous assumptions regarding the Company’s present and future business strategies and the political and economic environment in which 4DS will operate in the future, which are subject to change without notice. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward-looking statements or other forecast. To the full extent permitted by law, 4DS and its directors, officers, employees, advisers, agents and intermediaries disclaim any obligation or undertaking to release any updates or revisions to information to reflect any change in any of the information contained in this release (including, but not limited to, any assumptions or expectations set out in the release).

You should not place undue reliance on these forward- looking statements. Except as required by law or regulation (including the ASX Listing Rules) we undertake no obligation to update these forward- looking statements.

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