SavorEat Ltd.

Regulatory Filings • Feb 17, 2021

This is an English translation of the Company's immediate report in Hebrew that was published on February 17, 2021 [Reference no 2021-01-019603] (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")

17 February 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 is pleased to announce that on 16 February 2021, the Company received from the Australian Commissioner of Patents the Patent Certificate for a patent covering a method for food printing using a unique cellulose derivative developed by the Company under an exclusive worldwide license by Yissum Research Development Company of The Hebrew University Ltd. (the "Patent").¹ The Patent is registered in the name of Yissum, and the Company has an exclusive right to use the Patent (in accordance with the License' terms). 2

The Patent number is 2016290223. The expected expiration date of the Patent is July 7, 2036 (with a priority date of July 9, 2015).

The approval of the Patent in Australia is the first of a number of patent approvals expected, in a family of patent applications filed in various territories and which covers the technology developed by the Company. The Company believes, the approval of the Patent strengthens its intellectual property and its competitive position in its field of activity.

¹ For additional details about the Company's patent applications, please refer to sections 6.19.4-5 of Chapter 6 of the Company's prospectus dated November 25, 2020 [reference number 2020-01-118441] (the "Prospectus"), which is hereby incorporated by reference.

² For additional details about the License, please refer to section 6.27(a) of the Prospectus, which is hereby incorporated by reference.

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 the company focuses on is a plant burger.

Respectfully, SavorEat Ltd.

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