SavorEat Ltd.

Regulatory Filings • Nov 3, 2021

This is an English translation of the Company's immediate report in Hebrew that was published on October 31, 2021 [Reference no.: 2021-01-161289] (the "Hebrew Version"). This English version is only for convenience purposes. This is not an official translation and has no binding effect. Whilst reasonable care and skill have been exercised in the preparation hereof, no translation can ever perfectly reflect the Hebrew Version. In the event of any discrepancy between the Hebrew Version and this translation, the Hebrew Version shall prevail.

סבוריט בע"מ SAVOREAT LTD. (the "Company")

3 November 2021

To To www.isa.gov.il www.tase.co.il

Dear Sir and Madam,

The Israeli Securities Authority The Tel Aviv Stock Exchange Ltd.

Re: Immediate Report

The Company hereby wishes to update, that it received the approval of the Israeli Innovation Authority ("IIA") for a grant to the Company, according to a research and development plan submitted by the Company for the year 2021-2022. The approval of the IIA is for a program to develop innovative cellulose-based meat substitutes for the meat-eating experience, which the Company is developing The Grant is in accordance with the Encouragement of Research Development and Technological Innovation in Industry Law, 5744-1984, the provisions of incentive Track No. 1 (R&D Fund, including the threshold conditions and criteria of the Track)¹ and is subject to several commitments, restrictions, and conditions, as accepted in these kinds of grants, including the payment of royalties to the state of Israel out of all of the Company's revenue. The scope of research and development expenses approved for the Company in the amount of approximately NIS 7 million, and the approved grant is at a rate of 50% (I.e., up to approximately NIS 3.5 million). 2

About SavorEat

SavorEat Ltd. Is developing a platform for the production of various types of plant-based meat alternatives, which purpose is to give the consumer an eating experience that is as similar (in taste and texture) as possible to eating meat of animal origin, prepared on site, according to consumers' preferences and nutritional choices.

Respectfully, SavorEat Ltd.

Approved for reporting on behalf of the Company by: Ms. Racheli Vizman, CEO and Director Ms. Mira Damgian, CFO

¹ For details about the IIA's incentive track, see the IIA's website - https://innovationisrael.org.il/rules/3594.

² For details regarding the previous IIA's grant, see section 1.18.2 in Chapter A (description of the corporation's business) of the Company's Periodic Report for the year 2020, dated March 25, 2021. [Reference 2021-01-048156] (the "Annual Report"), which are hereby incorporated by reference.