WEEBIT NANO LTD — Capital/Financing Update 2016

Jun 19, 2016

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20 June 2016

PUBLIC & SPP OFFERS CLOSED

Radar Iron Ltd advises that the Public Offer and the SPP Offer under the Prospectus dated 3 May 2016 and the Supplementary Prospectus dated 19 May 2015 were extended to 17 June 2016, and are now closed. The Supplementary Prospectus provided additional information on Weebit Nano’s business plan in relation to the development and commercialisation of the ReRAM Technology, and the valuation of the Consideration Shares to be issued to the Weebit Shareholders at settlement.

The Prospectus also contained a cleansing offer in order to cleanse the issues of consideration securities at settlement of the Acquisition (in accordance with section 708A(11) of the Corporations Act), which was scheduled to close on 14 June 2016. Due to delays in satisfying the conditions precedent to settlement of the Acquisition, the board of the Company resolved to extend the cleansing offer until 31 July 2016 in order to ensure that it remains open at settlement. Once settlement has occurred, the cleansing offer will be closed immediately

For and on behalf of Radar Iron Limited

Damon Sweeny Company Secretary

P.O.Box 994, Subiaco WA 6904 Fax: +61 (08) 9389 5885

8/55 Hampden Road, Nedlands WA 6009 Tel: +61 (08) 9389 9919

ACN 146 455 576