WEEBIT NANO LTD — AGM Information 2022

Feb 21, 2022

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ASX RELEASE

General Meeting – CEO Presentation

22 February 2022 – Weebit Nano Limited (ASX: WBT) will today address shareholders at its General Meeting commencing at 4.00pm (AEDT).

In accordance with ASX Listing Rule 3.13.3 please see attached the Presentation to be delivered by the CEO, Coby Hanoch.

• ENDS -

This announcement has been authorised for release by the Company Secretary of Weebit Nano Limited.

For further information please contact:

Investors

Eric Kuret, Market Eye P: +61 417 311 335 E: eric.kuret@marketeye.com.au

Media – Australia

Media – Australia Media – US Tristan Everett, Market Eye Jen Bernier-Santarini, Weebit Nano P: +61 403 789 096 P: +1 650-336-4222 E: tristan.everett@marketeye.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. Because 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 or 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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General Meeting CEO Presentation 22 February 2022

Technology Being Transferred to SkyWater’s Fab

Technology Transfer currently on track

• The transfer of Weebit’s embedded ReRAM technology to SkyWater’s US production fab is progressing well

• First prototype tape-out expected to be completed by mid-year, followed by technology qualification

• Once qualified, SkyWater customers who license Weebit’s technology will be able to embed it within new

• product designs and mass-produce at SkyWater’s fab

• Current over-demand for semiconductor products combined with the current COVID-19 situation is causing

some uncertainties  Weebit and its suppliers are working hard to minimise any potential impact to Weebit’s qualification schedule

Technology qualification is a major milestone for Weebit’s commercialisation

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Packaged Demo Chips Under Testing

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Status:

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• Demo wafers already sliced and packaged

• Packaged chip undergoing testing, positive initial test results

• Next steps: Characterisation and qualification of the memory module

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Background:

• First manufactured silicon wafers integrating Weebit’s embedded ReRAM module inside a complete subsystem demonstration chip

• Demo chips enable potential customers to run applications and test Weebit’s technology ahead of commercial orders and volume production

• Weebit's embedded ReRAM module has been designed with unique patent-pending analog and digital smart circuitry and includes a 128Kb array, control logic, decoders, IOs (input/output communication elements) and error correcting code (ECC)

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Successful Demonstration at 28nm

A key step in productising the technology for the embedded memory market

• Weebit and development partner CEA-Leti demonstrated excellent results of Weebit’s ReRAM technology at 28nm on 300mm wafers

• A key step towards productisation of embedded Non-Volatile Memory (NVM) for AI, autonomous driving, 5G and advanced IoT

• Testing showed very good endurance and data retention alongside other production-level parameters

• The 28nm geometry is very popular and widely used in a range of advanced embedded applications

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• Mark Liu, Chairman of TSMC, the world’s largest fab, recently called 28nm –

  • “ ” The sweet spot for our embedded memory applications..

• Weebit’s ability to support smaller geometries expands its range of potential industries and applications

• Now looking at porting to smaller geometries

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Secured $35.2m to Accelerate Growth

Introduced major Israeli institutional investors onto the register

• Raised $35.2 million via a Placement to four Israel-based institutional and pension funds and an Entitlement Offer

• to existing shareholders

 Additional $300K to be invested by 3 directors after EGM approval

• Meitav Dash, a major institutional investment and pension fund in Israel, was the Placement’s cornerstone investor

 This was a key milestone, representing the first time international institutional investors joined Weebit’s register

• The Entitlement Offer for existing shareholders was also oversubscribed

• Funding to underpin accelerated growth, supporting pursuit of business opportunities, research and development

• in embedded and discrete projects, and general working capital requirements

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First Operational Crossbar ReRAM Arrays

Significant progress toward discrete memory technology

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• Must-have for discrete/standalone memory

• Transistors as selectors mostly focused on low-density embedded memories

• 1S1R (one selector one resistor) architecture

• Integrated ReRAM cell + selector

• Enables high density for discrete chips

• Crossbar arrays needed for 3D stacked arrays → even higher densities

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 Applications

• Storage class memory, persistent memory, NOR flash replacement

• AI: in-memory computing, neuromorphic computing

• New patents filed to protect innovative 1S1R architectures & selector cell programming

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Other Recent Updates

• Commenced environmental initiative with CEA-Leti to measure carbon footprint

• Weebit and CEA-Leti commenced a Life Cycle Assessment (LCA) of Weebit’s ReRAM technology

• Analyse and quantify ReRAM environmental impact compared to other NVMs

• This will assist in identifying ways to reduce the environmental impact of AI and IoT, which are significant contributors to emissions

• Progressing multiple commercial opportunities with potential partners and customers

• Appointed ReRAM and NVM expert Gabriel Molas as Chief Scientist

• Filed 6 new patents in past 6 months, further protecting intellectual property

• Published a research paper on neuromorphic computing with IIT Delhi

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• Company joined the Global Semiconductor Association (GSA), to further accelerate its commercialisation

• efforts

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Looking Ahead

Weebit plans to achieve the following milestones by the end of CY22

Leti demo chip:

• Providing functional test results and qualification data of the embedded ReRAM module

• Demonstrating its functionality and performance

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SkyWater:

• Complete technology transfer to SkyWater’s US fab

• Tape-out SkyWater demo chip

• Be in advanced stages of qualification at SkyWater

• Signing new licensing agreements with partners and customers

• Continuing scaling down its technology to smaller geometries

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Key Takeaways

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Weebit’s leading Technology now Signed first Renowned Board & Demonstrated ReRAM (NVM) transferred licensing deal with management team combined ReRAM solution can to a production fab SkyWater with extensive cell with OTS replace Flash Technologies. semiconductor selector for commercialisation memory Ongoing discrete memory discussions with experience market other customers (Industry’s 1st)

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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 not 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, such as Data Age 2025, with data from IDC Global DataSphere Nov 2018; IC Insights 2021; IDC Research 2020; MarketsandMarkets October 2020; Yole Développement 2021; 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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Thank You! weebit-nano.com

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