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WEEBIT NANO LTD Capital/Financing Update 2020

Apr 26, 2020

66042_rns_2020-04-26_a31c5cfb-ffac-4bc9-bb27-f4a579d6bbed.pdf

Capital/Financing Update

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A$1.45 million[1] received for French R&D incentive

€867,974 Government incentive received for R&D work carried out in France during 2019

27 April 2020 – Weebit Nano Ltd (ASX: WBT), a developer of next generation memory technology for the global semiconductor industry, is pleased to announce that it has received €867,974 cash in relation to the French Government’s R&D incentive, for research and development work carried out in France during 2019. This equates to approx. A$1.45 million.

This announcement has been authorised for release by the Board.

For further information, please contact:

Investors Media Eric Kuret Tristan Everett Market Eye Market Eye P: +61 3 9591 8904 P: +61 3 9591 8905 E: [email protected] E: [email protected]

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.