WEEBIT NANO LTD — Board/Management Information 2017

Nov 29, 2017

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Weebit Nano announces retirement of Non-executive Director, Kobi Ben-Shabat

30 Nov, 2017 – Weebit Nano (ASX: WBT), an Israel-based semiconductor company developing the next generation of memory technology, today announced at its Annual General Meeting that Non-executive Director, Mr Kobi BenShabat, would not be standing for re-election, and has therefore retired from the board of Weebit Nano.

Commenting on the retirement, Chairman Mr David Perlmutter, said: “On behalf of the board of Weebit Nano I would sincerely like to thank Kobi for his stewardship and leadership of our company since it listed on the ASX in 2016. Kobi has been a very important member of the Board over this time, and made a significant contribution to the listing process and in establishing a strong foundation for the business.”

Mr Ben-Shabat, said: “Given competing business interests, I am retiring from the board of Weebit Nano. My time with the Company has been an enjoyable journey, and I am very grateful for the opportunity to have been involved. I wish Weebit Nano many future successes, and retire knowing that the company is in excellent hands and has a very bright future.”

The board of Weebit Nano has begun a process to replace Mr Shabat’s Non-executive Director role, seeking candidates with significant experience in the semiconductor industry. The company will update the market once a replacement is finalised.

For further information, contact:

Investors Media Eric Kuret Tristan Everett Market Eye Market Eye P: +61 3 9591 8904 P: +61 3 9591 8905 E: eric.kuret@marketeye.com.au E: tristan.everett@marketeye.com.au

About Weebit Nano Limited

Weebit Nano is a leader in the development of next generation computer memory storage, and plans to become the new industry standard in this space. Its goal is to address the growing need for a significantly higher performance and lower power data storage technology. Weebit Nano’s ReRAM technology is based on fab-friendly Silicon Oxide, allowing the company to rapidly execute, without the need for special equipment or preparations. The company secured several patents to ensure optimal commercial and legal protection for its ground-breaking technology.

Weebit Nano’s technology enables a quantum leap, allowing semiconductor memory elements to be significantly cheaper, faster, more reliable and more energy efficient than the existing Flash technology. Weebit Nano has signed an R&D agreement with Leti, an R&D institute that specialises in nanotechnologies, to further develop SiOx ReRAM technology.

For more information please visit: http://www.weebit-nano.com/

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Contact

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

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