SavorEat Ltd. — Regulatory Filings 2021

Jun 3, 2021

This is an English translation of the Company's immediate report in Hebrew that was published on June 3 rd, 2021 [Reference no.: 2021-01-095715] (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 June 2021

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

The Israeli Securities Authority The Tel Aviv Stock Exchange Ltd.

Dear Sir and Madam,

Re: Immediate Report

The Company hereby wishes to update, that further to the progress achieved with its research & development processes regarding its unique advanced digital production platform for meat substitutes (including 3D printing) ("Robo-Chef System" or the "System")¹ , that production and delivery² of its first industrial-designed set of cartridges for the raw materials used by the System (the "Cartridges") was accomplished today, which manufacturing is part of the industrial tests conducted by the Company, as part of the scale-up stage meant to advance the Cartridges and the System from their R&D phase to commercial production phase.

During these industrial tests, the Company conducts tests regarding, among others, the manufacturing processes of the Cartridges, their design, their technical function, and their suitability for the System. The function of the Cartridges is to load the system and provide the raw materials used to prepare the Company's meat substitutes. 3

Successfully completing this first industrial tests is carried out alongside further development of the advanced version of the System. In addition, the Company continues its preparations for the beginning

¹ See advancements to the main design phase, in the Company's immediate report dated March 21, 2021 [reference number 2021-01-039612], which is hereby incorporated by reference.

² Production was made at the industrial production line of the Company's sub-manufacturer.

³ For details regarding the aforesaid Cartridges, see sections 1.1, 1.2, 1.16, 1.18, 1.26, 1.27 and 1.29, in accordance with chapter A (description of the Company's business) of the Company's periodic report for 2020, dated March 25, 2021 [reference number 2021-01-048156] (the "Annual Report"), which are hereby incorporated by reference.

of its first joint pilot at BBB's restaurants-chain and estimates that the pre-determined schedules for the beginning of the pilot still stand (during the second half of 2021).⁴

About SavorEat

SavorEat Ltd. Is developing a platform for the production of various types of plant-based meat substitutes, 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. The first product of the company focuses on is a plant burger.

Forward-looking Statements Cautionary Clause - The above information in connection with completion of developing the Cartridges and the schedules for the beginning of the pilot, including schedules, forecasts, estimates and/or plans of the Company in relation to the same, includes forward-looking statements, as such term is defined under the Israeli Securities Law, the realization of which is uncertain and may not materialize and / or will not materialize in full and / or materializes in a manner materially different from what was initially expected, due in part to factors beyond the Company's control, including changes in market conditions and the competitive and business environment, the requirements of the regulatory agents in connection with various approvals required for marketing the products, and a need for further R&D for the foresaid cartridges (including a need for returning to the specification and/or design stage of the cartridges), an unexpected prevention by the Company, the sub-manufacturer and/or BBB which will not allow for the beginning of the pilot on the pre-determined schedule (or cause a postponement, delay, or cancelation), as well as the realization of any of the Company's risk factors, as specified in section 1.32 of the Annual Report.

Respectfully, SavorEat Ltd.

Approved for reporting on behalf of the Company by:

Ms. Racheli Wizman, CEO and Director Doron Cohen, VP R&D

⁴ For details regarding the aforesaid pilot, see section 1.29, in accordance with the Annual Report, which are hereby incorporated by reference.