WEEBIT NANO LTD — AGM Information 2022

Nov 15, 2022

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2022 AGM – Chair Address and CEO Presentation

16 November 2022

Weebit Nano Limited (ASX:WBT; Weebit or the Company), will today address shareholders at its Annual General Meeting, commencing at 10:00am (AEDT).

Attached is a copy of the Address to be delivered by the Chairman, Mr David (Dadi) Perlmutter, and the Presentation to be delivered by the Managing Director and CEO, Mr Jacob Hanoch.

Authorised for release by David Perlmutter, Chairman.

• ENDS -

For further information please contact:

Investors

Eric Kuret, Automic Markets P: +61 417 311 335 E: eric.kuret@automicgroup.com.au

Media – Australia Media – US Tristan Everett, Automic Markets Jen Bernier-Santarini, Weebit Nano P: +61 403 789 096 P: +1 650-336-4222 E: tristan.everett@automicgroup.com.au E: jen@weebit-nano.com

About Weebit Nano Limited

Weebit Nano Ltd. is a leading developer of next-generation semiconductor memory technology. The company’s ground-breaking Resistive RAM (ReRAM) addresses the growing need for significantly higher performance and lower power memory solutions in a range of new electronic products such as Internet of Things (IoT) devices, smartphones, robotics, autonomous vehicles, 5G communications and artificial intelligence.

Weebit’s ReRAM allows semiconductor memory elements to be significantly faster, less expensive, more reliable and more energy efficient than those using existing Flash memory solutions. As it is based on fab-friendly materials, the technology can be quickly and easily integrated with existing flows and processes, without the need for special equipment or large investments.

See www.weebit-nano.com and follow us on https://twitter.com/WeebitNano.

Weebit Nano and the Weebit Nano logo are trademarks or registered trademarks of Weebit Nano Ltd. in the United States and other countries. Other company, product, and service names may be trademarks or service marks of others.

Contact Office: +972-9-7797832 info@weebit-nano.com www.weebit-nano.com

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2022 ANNUAL GENERAL MEETING

CHAIRMAN’S ADDRESS

The 2022 financial year and the last couple of months have been an exceptional period for Weebit Nano. A period in which we demonstrated the maturity and suitability of our embedded ReRAM for volume production, entered our first commercial agreement with SkyWater Technologies, successfully qualified our technology with CEA-Leti, and received the first silicon wafers incorporating our ReRAM module from SkyWater Technologies’ US production fab.

These achievements have accelerated our engagement with Tier 1 and 2 fabs, and potential customers, and we are now in various stages of discussion and technology evaluation with each of them. Many of you will have heard Coby refer to this dynamic as a ‘chicken-and-egg’ scenario. Fabs will often wait until a customer requests a new technology before adopting it, while a customer will also want to know a new technology is available at a fab before integrating it into their designs. We are now at the point where we will soon break this deadlock as the market acknowledges the need for ReRAM and we are getting customers and fabs to talk with the goal of a 3-way cooperation.

We are hearing from Tier-1 fabs that customers are asking them about ReRAM, and this is also acknowledged by customers. We are now qualifying the chips manufactured at SkyWater, and SkyWater is already calling on their customers to introduce Weebit’s ReRAM to them.

Our progress over the past year would not have been possible without our valuable partnerships with development partner CEA-Leti, and first commercial partner SkyWater Technologies. On behalf of the entire Weebit team, I would like to thank you both and I look forward to our continued collaboration in FY23 and beyond.

I’m incredibly proud of Weebit Nano’s achievements to date. The company has consistently delivered against its milestones, and our embedded ReRAM is well-placed to meet the rapidly growing demand for faster, more efficient non-volatile memory (NVM) technologies.

The achievement of several key technical milestones over the past year is a testament to our exceptional team management and the Board. While the memory technology we are commercialising is new, developing and bringing new semiconductor technology to market is a process many of Weebit Nano’s team have been through before. Thank you to my fellow Directors and Weebit’s entire team for all your hard work and dedication over the past year. I look forward to the year ahead.

And finally, thank you to our loyal shareholders for supporting us on this journey. FY23 is shaping up to be an exciting year, one in which we expect to sign up additional fabs and customers, and also commence volume production of our embedded ReRAM technology.

Contact Office: +972-9-7797832 info@weebit-nano.com www.weebit-nano.com

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CEO Presentation ReRAM: The Next NVM is Here Annual General Meeting of Shareholders 2022 16 November 2022

Your board of directors

David (Dadi) Dr. Yoav Atiq Raza Fred Bart Ashley Krongold Coby Hanoch Perlmutter Nissan-Cohen NON-EXEC. NON-EXEC. NON-EXEC. CEO CHAIRMAN EXEC. DIRECTOR DIRECTOR DIRECTOR DIRECTOR

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Copyright 2022 Weebit Nano, Ltd.

Who we are

Leading developer of innovative memory technologies Bringing to market Weebit ReRAM – next-generation NVM technology Enabling a new era of intelligent connected devices

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Founded: 2015 Located in Israel & France ASX: WBT

World-leading team 50 personnel * (90% engineers/ scientists)

R&D partner

CEA-Leti, leading microelectronics research institute

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Signed 1st commercial deal Ongoing discussions with additional fabs and customers

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Business model
Product & IP licensing to
semiconductor companies & fabs
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Fully qualified on 130nm & below Proven on >1000 wafers to-date Volume production expected 2023

Global NVM Market (US$B)*

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100
10.84%
CAGR
54
2020 2026
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NVM = Non-Volatile Memory
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* Includes employees and full-time contractors

* Source: MarketsandMarkets; company data

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Copyright 2022 Weebit Nano, Ltd.

Strong and experienced management

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Ishai Naveh Amir Regev Ilan Sever Eran Briman Alla Felder
Coby Hanoch
CTO VP TECH. VP R&D VP MARKETING & CFO
CEO DEVELOPMENT BUSINESS DEV.
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Copyright 2022 Weebit Nano, Ltd.

Increasing global semiconductor R&D investment

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Geopolitics driving countries to invest locally in semiconductor R&D

US CHIPS Act / EU Chips Act to boost new fab construction & advanced R&D in these regions NVM a key area of investment globally

US CHIPS Act

Semiconductor companies & foundries announce capacity investments over time

TSMC	Intel	Samsung	Micron
$100B	$40B	$345B	$150B

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08.23.2022 First 3-year period of double-digit CapEx growth in semi industry since 1995

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07.22.2022

Government Investments & Incentives	Government Investments & Incentives	Government Investments & Incentives
United States	$52B +	8 new fabs
European Union	$43B +	4 new fabs
China	$150B +	10 new fabs
Korea	$260B +	5 new fabs
Taiwan	$120B +	10 new fabs
Japan	$6B +	5 new fabs
India	$10B +	1 new fab
Singapore	$5B +	1 new fab

◆ Memory = 35% of fab equipment spending 2022-2023

◆ Memory + foundry represent most of the capacity increases – SEMI, March 2022

Sources: SIA 2/2022, EE Times, 5/2022; Android Headlines 6/2022, FIERCE Electronics Copyright 2022 Weebit Nano, Ltd. 7/2022 and 8/2022; Brookings.edu 8/2022Tom’s Hardware 8/2022; WSJ 8/2022

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Embedded ReRAM market – approaching the tipping point

Embedded ReRAM Market Size 2021 - 2027

Embedded emerging NVM market expected to reach $2.9B by 2027 ReRAM expected market share: 33%

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$957m
ReRAM expected market share: 33%
94%
CAGR Embedded memory is a clear
differentiator for semiconductor
companies
$168m
$18m
8th July 2022
2021 2024 2027
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Source: Yole Emerging Non-Volatile Memory 2022 Note: The embedded emerging NVM market size is evaluated based on assumptions of the average chip area occupied by a given memory technology (Yole)

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Copyright 2022 Weebit Nano, Ltd.

The evolution of ReRAM: The Next NVM is Here

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1960s – 2010s 2015 – 2016 2017 – 2018 2019 – 2021 2022 – onwards  ReRAM spent  Weebit founded  Weebit’s first  Weebit’s technology  Customers requesting decades in research  demonstrations of matures ReRAM now Partnering with Leti and development to drive small ReRAM arrays  IP productization  Weebit ReRAM is until the industry development of  Focus on fab First commercial deal industry-qualified, recognized the innovative NVM friendly and easy-toready for production limitations of flash  Starting to scale based on 10+ years integrate technology  Multiple fabs technology to smaller of research considering Weebit process nodes ReRAM

• Weebit & Leti continue to innovate

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The Weebit ReRAM advantage

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3-4x

100x

Lower added wafer cost Better endurance vs. flash vs. flash

• 2-mask adder

• 10[5] -10[6] P/E cycles

• Standard materials

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175 ° C

~100x

Reliability for up to 10 years

Faster access time than flash

• Bit/byte addressable

• Endures 9 SMT reflow cycles

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~100x

<40nm

Scales to processes far below limits of flash

More energy efficient vs. flash

• Proven @ 28nm

• Low voltage, low currents

• Scaling to 22nm & below

• Zero standby power

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~350x

0

Better radiation tolerance Interference w/ analog vs. flash[1] & power devices

• Also tolerant to EMI

• Best NVM for PMIC

• & mixed-signal

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1 Refers to ReRAM cell array

Copyright 2022 Weebit Nano, Ltd.

Weebit ReRAM addresses a broad range of application requirements

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	Mixed-Signal / Power Mgmt	IoT / MCUs	Edge AI	Automotive	Aerospace & Defense
Back-end-of-line tech for easy analog integration
Cost-efficiency
Ultra-low power consumption
Robustness in high temp / extreme environments
Scaling advantage at 28nm and below
High Endurance
Small footprint to store very large arrays
Longevity
Roadmap to neuromorphic computing

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Copyright 2022 Weebit Nano, Ltd.

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Significant progress in last 12 months

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NOV 2022 First production- OCT 2022 fab wafers Final qualification integrating OCT 2022 28nm of ReRAM IP Weebit IP ReRAM selector module. JUN 2022 can achieve high Industrial-grade ReRAM IP densities needed temperatures MAR 2022 module fully for discrete & Started scaling functional, live embedded NOV 2021 the technology demonstration applications Raised further to 22nm FD-SOI OCT 2021 A$35m; well Demonstrated funded to 2024 1Mb ReRAM arrays in 28nm FD-SOI

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Copyright 2022 Weebit Nano, Ltd.

On the path towards commercialisation with SkyWater

SkyWater Technology (Nasdaq:SKYT) – the only US-owned pure-play silicon foundry – Taking Weebit ReRAM to volume production

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CEO Coby Hanoch holding a SkyWater wafer November 8, 2022

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September 2021 June 2022 July 2022 Signed agreement Completed Tape-out of technology transfer memory module to US production fab

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First Weebit ReRAM
wafers from a
production fab
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November 2022 Received first wafers from manufacturing

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1H 2023 Customer wafers Fully qualified with Weebit memory module ReRAM in mass production

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Copyright 2022 Weebit Nano, Ltd.

First silicon wafers integrating Weebit ReRAM received from SkyWater’s U.S. production fab

Major milestone toward commercialisation of Weebit ReRAM at SkyWater

• Manufactured in 130nm CMOS: a sweet spot for analog/ mixed-signal designs

• Wafers will now be sliced into chips, packaged, tested and qualified

• Discussions with potential customers are ramping up as we approach production; strong interest in IoT, power management and mixed-signal ICs

• SkyWater customers can now use chips for testing and prototyping ahead of qualification; can embed Weebit ReRAM IP in new product designs

www.skywatertechnology.com/ip-partner-weebit-nano

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Copyright 2022 Weebit Nano, Ltd.

Successfully completed ReRAM memory module qualification

Qualification is a key step for every semiconductor product on each new target process

Qualified wafer lots met JEDEC microelectronics standards for endurance, retention, and SMT reflow at industrial temperatures Results show repeatability, uniformity, and maturity of Weebit’s embedded ReRAM Significant/relevant for other foundries and potential customers Based on results, Weebit is in various stages of discussion & evaluation with several Tier-1 fabs and potential customers Major milestone using ReRAM Weebit and Leti are now qualifying ReRAM module at memory module even higher temperatures and endurance levels – produced required for some advanced applications at CEA-Leti

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Copyright 2022 Weebit Nano, Ltd.

ReRAM selector further enhanced to increase target applications

Weebit ReRAM selector now suitable for both embedded and discrete applications

Significantly increases number of target applications

Suitable for future embedded applications that will benefit from higher densities

e.g., edge AI and automotive

Able to achieve high densities needed for discrete chips while using fab-friendly materials and standard tools

Paves the way for selector to be easily integrated into any CMOS fab

Reduces manufacturing costs, complexity

Can enable high-capacity memory arrays while keeping size and power requirements to a minimum

Will enable 3D ReRAM in the future

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Copyright 2022 Weebit Nano, Ltd.

Scaling Weebit ReRAM to 22nm

Addresses the need for new NVM at one of the industry’s most common process nodes Designing a full IP memory module targeting an advanced 22nm FD-SOI process

FD-SOI: high performance at very low voltage/ low leakage; broadly adopted by the industry

Weebit ReRAM + FD-SOI is ideal for low-power embedded devices

Rapidly accelerating plans to scale Weebit ReRAM to advanced nodes

Where existing embedded flash technology is no longer a viable option

Serving applications including IoT, 5G and AI Weebit is already discussing smaller geometries with Tier-1 fabs

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Copyright 2022 Weebit Nano, Ltd.

Increasing market engagement

Progressing with Tier-1 fabs and customers Tier-1 fabs experiencing increasing demand for advanced NVM; actively looking for suitable solutions Evaluation engagements very detailed and require significant work, but present real potential for expanding Weebit’s commercial activities

Weebit exhibited and spoke at the Flash Memory Summit (FMS) 2022 – largest global conference for the NVM ecosystem Featured two live demonstrations of Weebit ReRAM

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Copyright 2022 Weebit Nano, Ltd.

Weebit Nano key targets for FY23

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SkyWater

Fab Partners

Conclude qualification of embedded ReRAM module at SkyWater

Sign an agreement with a Tier-1 fab

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Continue R&D

Automotive

Qualify the technology also Further technical for automotive operating enhancements to the ReRAM conditions cell and selector technologies

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Customers

Close initial customer agreements

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Scaling 22nm

Continue scaling down the technology to 22nm and beyond

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Copyright 2022 Weebit Nano, Ltd.

Key takeaways

Weebit ReRAM: The Next NVM is Here!

Weebit is on track Weebit ReRAM has Making strong tech Board & mgmt. to deliver a The industry needs unique advantages; progress: 1[st] wafers have extensive production solution a new Non-Volatile is well positioned to from a production semiconductor across a range of Memory solution replace flash in fab; qualified based commercialisation high-growth various markets on JEDEC standards experience markets

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Copyright 2022 Weebit Nano, Ltd.

ReRAM IS HERE

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Copyright 2022 Weebit Nano, Ltd.

Disclaimer

This presentation contains certain statements that constitute forward-looking statements. Examples of such statements include, but are not limited to, statements regarding the design, scope, initiation, conduct and results of our research and development programs; our plans and objectives for future operations; and the potential benefits of our products and research technologies. In some cases, forward-looking statements can be identified by the use of terminology such as “may,” “will,” “expects,” “plans,” “anticipates,” “estimates,” “potential” or “continue” or the negative thereof or other comparable terminology. These statements involve a number of risks and uncertainties that could cause actual results and the timing of events to differ materially from those anticipated by these forward-looking statements. These risks and uncertainties include a variety of factors, some of which are beyond our control. All forward-looking statements and reasons why actual results may differ are based on information available to us when initially made, and we assume no obligation to update these forward-looking statements or reasons why actual results might differ or the information set forth herein.

In addition, we do not make any representations or warranties, express or implied, with regard to the information included in this presentation of any other related document or information disclosed or furnished in connection thereto, including, without limitation, with respect to the accuracy, reliability, completeness or its sufficiency for any particular purpose. This information is proprietary and confidential of Weebit and is provided on a confidential basis and may not be disclosed or used without our prior written consent. You acknowledge that the disclosure and use of the information may be further prohibited under applicable securities or other laws. This presentation is made for informational purposes only and does not constitute an offer to sell any interest in Weebit nor does it form the basis of any contract or agreement between the parties.

Third party data

This presentation includes or is otherwise based on information obtained from publicly available information, including data from various independent research firms and industry associations as noted, and (iii) other information publicly released by corporations and government departments. Weebit has not independently verified or audited this information or any information. Accordingly, the accuracy and completeness of such information is not guaranteed. This data has been accurately reproduced and, as far as Weebit is aware, no facts have been omitted that would render the information provided inaccurate or misleading. Investors should note that market data is

inherently predictive and subject to uncertainty and is not necessarily reflective of actual market, industry and macroeconomic conditions. Specifically, there is no assurance that any of the forecasts or projections will be achieved. Forecasts and projections involve risks and uncertainties and are subject to change based on various factors, including those discussed above.

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Copyright 2022 Weebit Nano, Ltd.

Thank You! www.weebit-nano.com

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