WEEBIT NANO LTD — Capital/Financing Update 2020

Dec 7, 2020

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Updated instructions to exercise the WBTOA Listed Options

8 December 2020 – On 15 June 2020 Weebit Nano (ASX: WBT) announced a two-tranche Placement whereby subscribers also received one Listed Option (“WBTOA”) for each placement and SPP share. The terms of the Options are outlined in the Prospectus dated 19 June 2020 and Supplementary Prospectus dated 20 July 2020 and remain unchanged, with the exercise price for the Options at $0.45 per Option, expiring on 30th January 2022 at 5.00pm AEDT.

Under the previous instructions, the payment for exercise of Listed Options was required to be made by submitting cheques/bank drafts and the completed Exercise of Options Notice by post.

However, in order to simplify and streamline the process for exercising the Listed Options, WBT has updated the process to exercise the Listed Options and encourages all payments to be made via BPAY.

To obtain your personalised Option exercise form please:

1. Visit www.investorcentre.com and login to obtain your form (utilising your usual login methods or registering to obtain login details)

2. To calculate the amount payable, multiply the number of Listed Options to be exercised by the exercise price of $0.45

3. Payment will be accepted by BPAY®, which is recommended due to delays to postal services caused by the COVID-19 pandemic

4. The reference number shown on the personalised form must be used to identify the holding.

Please note there is no obligation to exercise the Listed Options at this time and they remain available to be exercised at any time up to the expiry date of 30th January 2022 at 5.00pm AEDT.

This announcement has been authorised for release by the Board.

For further information, contact:

Investors Media Eric Kuret Tristan Everett Market Eye Market Eye P: +61 3 9591 8904 P: +61 403 789 096 E: eric.kuret@marketeye.com.au E: tristan.everett@marketeye.com.au

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Contact

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

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About Weebit Nano Limited

Weebit Nano is a leader in the development of next generation computer memory technology 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 computer memory 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