4DS MEMORY LIMITED — Director's Dealing 2021

Mar 28, 2021

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

29 March 2021

CHANGE OF DIRECTOR’S INTEREST

4DS Memory Limited (ASX:4DS) ( 4DS or the Company ) advises that Mr David McAuliffe has, in accordance with the Company trading policy, sold 1,000,000 shares to balance his investment portfolio. Mr McAuliffe continues to hold 6,975,647 shares and 6.75 million vested and 250,000 unvested unlisted options in the Company with an exercise price of $0.052 each on or before 22 January 2024.

Chairman Drs. Wilbert van den Hoek commented “David’s sale is within the new share trading policy the Board implemented recently. The policy allows for directors and employees to benefit from the Company’s success while ensuring alignment with our shareholders. The new policy provides a mechanism to retain personnel at such an important stage of the Company’s development and commercialisation activities.”

ENDS

Authorised for release by the Board.

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 for next generation gigabyte storage in mobile and cloud. Established in 2007, 4DS owns a patented IP portfolio, comprising 30 USA patents granted and 2 patent applications pending and or being 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.

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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Appendix 3Y Change of Director’s Interest Notice

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Introduced 30/9/2001.
Name of entity	4DS Memory Limited
ABN	43 145 590 110

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

irector for the purposes of section 205G of	the Corporations Act.
Name of Director	Mr David McAuliffe
Date of last notice	4 February 2021

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest		Direct and Indirect	Direct and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstancesgiving rise to the relevant interest.		David Jerimiah McAuliffe (trustee and beneficiary)Margaret Elizabeth Livingston (spouse)
Date of change		23 March 2021
No. of securities held prior tochange		DirectDavid McAuliffe2,767,740 fully paid ordinary sharesIndirectDavid Jerimiah McAuliffe5,207,907 fully paid ordinary sharesMargaret Elizabeth Livingston7,000,000 unlisted options exercisable at $0.052 each on or before22 January 2024, with 375,000 subject to vesting conditions
Class		Fully paid ordinary shares
Number acquired		-
Number disposed		Indirect – 1,000,000Investment Trust>)	(David Jerimiah McAuliffe<The Lazy D9M

• See chapter 19 for defined terms.

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Considerationincludes brokerage/gstNote: If consideration is non-cash, providedetails and estimated valuation		$200,380.05
No. of securities held afterchange		DirectDavid McAuliffe2,767,740 fully paid ordinary sharesIndirectDavid Jerimiah McAuliffe4,207,907 fully paid ordinary sharesMargaret Elizabeth Livingston7,000,000 unlisted options exercisable at $0.052 each on or before22 January 2024, with 250,000 subject to vesting conditions
Nature of changeExample: on-market trade, off-market trade,exercise of options, issue of securities underdividend reinvestment plan, participation inbuy-back		On market sale.

Part 2 – Change of director’s interests in contracts

Part 2 – Change of director’s interests in contracts	art 2 – Change of director’s interests in contracts	art 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifdisclosedinthis part.Detail of contractN/A-Nature of interestN/AName of registered holder(if issued securities)N/ADate of changeN/ANo. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract in relationto which the interest has changedN/AInterest acquiredN/AInterest disposedN/AValue/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuationN/AInterest after changeN/A**Part 3– **+Closed periodWere the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearancewas required?If so, was prior written clearance provided to allow the trade toproceed during this period?If prior written clearance was provided, on what date was thisprovided?	ote: In the case of a company, interests which come within paragraph (ii) of the definition of “notifsclosedinthis part.		iable interest of a director” should be
	Detail of contract	N/A-
	Nature of interest	N/A
	Name of registered holder(if issued securities)	N/A
	Date of change	N/A
	No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract in relationto which the interest has changed	N/A
	Interest acquired	N/A
	Interest disposed	N/A
	Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	N/A
	Interest after change	N/A
	Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearancewas required?		No.
	If so, was prior written clearance provided to allow the trade toproceed during this period?		N/A
	If prior written clearance was provided, on what date was thisprovided?		N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2