4DS MEMORY LIMITED — Capital/Financing Update 2020

Jul 27, 2020

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

28 July 2020

4DS Successfully Completes Share Purchase Plan

4DS Memory Limited (ASX:4DS) ( 4DS or the Company ) is pleased to announce that it has successfully completed its Share Purchase Plan (SPP) which closed, oversubscribed, on 24 July 2020. Based on strong support for the SPP the Company has resolved to accept the oversubscriptions, which increases the amount raised by the SPP from $2.5m to $3.1m.

• 4DS has completed the SPP following a successful $4.5m Placement on 29 June 2020

• 4DS has accepted all eligible and valid applications and increased the SPP from $2.5m to $3.1m

• Total proceeds of $7.6m from the Placement and SPP will be used to progress the development of 4DS’ Interface Switching ReRAM technology with imec and Western Digital/HGST

Following the completion of the Placement on 29 June 2020, the Company announced an SPP to offer all existing shareholders on the record, the opportunity to subscribe for up to $15,000 of new shares at the same price as the Placement ($0.045 per share), without any brokerage or other costs.

At the closing of the SPP at 5pm WST on 24 July 2020, 4DS had received valid applications for approximately $3.1m, and based on the strong support the Board has decided to increase the SPP from $2.5m to $3.1m.

The Company expects the new shares under the SPP will be allotted on 29 July 2020, with holding statements expected to be despatched to successful applicants on 30 July 2020 and trading expected to commence on 30 July 2020.

On 24 June 2020, the Company announced that it made significant progress at imec and Western Digital/HGST and these results took the Company one step closer to achieving its goal of fabricating a megabit memory device suitable for Storage Class Memory. The proceeds from the Placement and SPP will be used progress this development. As announced previously, the Company will provide an update in its Activities Report for the quarter ended 30 June 2020, which will be released later this week.

- ENDS -

Approved for release by the Board Contact information

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

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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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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 for next generation gigabyte storage in mobile and cloud. Established in 2007, 4DS owns a patented IP portfolio, comprising 23 USA patents granted and 9 patent applications pending and or filed, 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. 4DS also collaborates with imec, a world-leading research and innovation hub in nanoelectronics and digital technologies. The combination of imec’s widely acclaimed leadership in microchip technology and profound software and information and communication technology expertise makes them unique.

For more information, please visit www.4dsmemory.com.

About imec

imec is the world-leading research and innovation hub in nanoelectronics and digital technologies. The combination of our widely acclaimed leadership in microchip technology and profound software and ICT expertise is what makes us unique. By leveraging our world-class infrastructure and local and global ecosystem of partners across a multitude of industries, we create ground breaking innovation in application domains such as healthcare, smart cities and mobility, logistics and manufacturing, energy and education.

As a trusted partner for companies, start-ups and universities we bring together close to 3,500 brilliant minds from over 75 nationalities. Imec is headquartered in Leuven, Belgium and also has distributed R&D groups at a number of Flemish universities, in the Netherlands, Taiwan, USA, China, and offices in India and Japan. In 2016, imec's revenue (P&L) totalled 496 million euro. Further information on imec can be found at www.imec-int.com.

imec is a registered trademark for the activities of IMEC International (a legal entity set up under Belgian law as a "stichting van openbaar nut”), imec Belgium (IMEC vzw supported by the Flemish Government), imec the Netherlands (Stichting IMEC Nederland, part of Holst Centre which is supported by the Dutch Government), imec Taiwan (IMEC Taiwan Co.) and imec China (IMEC Microelectronics (Shanghai) Co. Ltd.) and imec India (Imec India Private Limited), imec Florida (IMEC USA nanoelectronics design center).

For more information, please visit www.imec.be.

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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