BRAINCHIP HOLDINGS LTD — Director's Dealing 2023

Dec 17, 2023

ASX Announcement

Directors’ Interest Notices

Sydney – 18 December 2023: BrainChip Holdings Ltd ( BrainChip or the Company )(ASX: BRN, OTCQX: BRCHF, ADR: BCHPY), the world’s first commercial producer of ultra-low power, fully digital, neuromorphic AI IP, submits a Change of Director’s Interest Notice for Ms Pia Turcinov pertaining to the vesting of Performance Rights on 25 May 2023 and for Mr Sean Hehir pertaining to an on market sale of shares on 1 December 2023 for the purpose of payment of taxation as a result of the vesting of Restricted Stock Units on 29 November 2023.

These notices were not previously released as a result of administrative oversight. The appointment letters for each director set out their responsibilities under ASX Listing Rules 3.19A and 3.19B. The Company’s Securities Trading Policy also specifies the requirement to provide sufficient information to enable the Company to comply with its disclosure obligations under Listing Rule 3.19A. The Company confirms that it has the necessary and adequate policies and procedures in place to ensure that disclosure obligations are met and that it is aware of and understands its obligations under Listing Rules 3.19A and 3.19B.

This announcement is authorised for release by the BRN Board of Directors.

____________ BrainChip Holdings Ltd ACN 151 159 812 Level 8,210 George St Sydney NSW 2000 T: +1 949 330 6750 | F: +1-949-330-6749 | W: www.brainchipinc.com

About BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF, ADR: BCHPY)

BrainChip is the worldwide leader in edge AI on-chip processing and learning. The company’s first-to-market, fully digital, event-based AI processor, Akida[TM] , uses neuromorphic principles to mimic the human brain, analysing only essential sensor inputs at the point of acquisition, processing data with unparalleled efficiency, precision, and economy of energy. Akida uniquely enables edge learning local to the chip, independent of the cloud, dramatically reducing latency while improving privacy and data security. Akida Neural processor IP, which can be integrated into SoCs on any process technology, has shown substantial benefits on today’s workloads and networks, and offers a platform for developers to create, tune and run their models using standard AI workflows like TensorFlow/Keras. In enabling effective edge compute to be universally deployable across real world applications such as connected cars, consumer electronics, and industrial IoT, BrainChip is proving that onchip AI, close to the sensor, is the future, for its customers’ products, as well as the planet. Explore the benefits of Essential AI at www.brainchip.com.

Follow BrainChip on Twitter: https://www.twitter.com/BrainChip_inc Follow BrainChip on LinkedIn: https://www.linkedin.com/company/7792006

For more information, contact: Tony Dawe Director, Global Investor Relations tdawe@brainchip.com

Page | 2

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

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 30/09/01 Amended 01/01/11

Name of entity Brainchip Holdings Ltd ABN 64 151 159 812

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.

Name of Director	Pia Turcinov
Date of last notice	26 May 2023

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Ms Turcinov holds shares directly and is also a beneficial holder of shares on vesting under the Company’s Employee Share Plan Trust.
Date of change	25 May 2023
No. of securities held prior to change	204,813 Ordinary Shares 804,343 Performance Rights
Class	Ordinary Shares Performance Rights
Number acquired	69,124 Ordinary Shares
Number disposed	69,124 Performance Rights
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$Nil
No. of securities held after change	273,937 Ordinary Shares 735,219 Performance Rights

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Vesting of Performance Rights. Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buyback

Part 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 “notifiable interest of a director” should be disclosed in this part.

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 which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	N/A
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

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 30/09/01 Amended 01/01/11

Name of entity Brainchip Holdings Ltd ABN 64 151 159 812

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.

Name of Director	Sean Hehir
Date of last notice	29 November 2023

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Mr Hehir holds shares directly and is also a beneficial holder of shares on vesting under the Company’s Employee Share Plan Trust.
Date of change	01 December 2023
No. of securities held prior to change	Fully Paid Ordinary Shares 3,082,975 Restricted Stock Units 5,346,223
Class	Fully Paid Ordinary Shares
Number acquired	Nil
Number disposed	725,788
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.22 per share

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Fully Paid Ordinary Shares 2,357,187 Restricted Stock Units 5,346,223
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	On market sale for the purpose of payment of taxation associated with the vesting of Restricted Stock Units on 29 November 2023.

Part 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 “notifiable interest of a director” should be disclosed in this part.

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 which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	N/A
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3