WEEBIT NANO LTD — Capital/Financing Update 2021

Jul 15, 2021

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

WEEBIT NANO LTD

Date of this announcement

Friday July 16, 2021

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
WBTAD	OPTION EXPIRING VARIOUS DATES EX	500,000	16/07/2021
	VARIOUS PRICES

Refer to next page for full details of the announcement

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

WEEBIT NANO LTD

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ACN

Registration number

146455576

1.3 ASX issuer code

WBT

1.4 The announcement is

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New announcement

1.5 Date of this announcement

16/7/2021

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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has an existing ASX security code ("existing class")

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

ASX +security code and description

WBTAD : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

Date the +securities the subject of this notification were issued

16/7/2021

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? No Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2995-02040789-6A906605?access_token=83 ff96335c2d45a094df02a206a39ff4 Any other information the entity wishes to provide about the +securities the subject of this notification

The Options are issued under the Company's Employee Incentive Plan (Plan). The principal terms of the Options are as follows:

• The Options are each exercisable into one Share at an exercise price of A$1.90 on or before the expiry date of 3 June 2031.

• Each Option will vest into a Share, subject to holder's payment of the exercise price and satisfaction of prescribed vesting conditions, comprising:

• Time-based vesting conditions

• Continuing service vesting conditions

Issue details

Number of +securities

500,000

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
WBT : ORDINARY FULLY PAID	122,708,516
WBTOA : OPTION EXPIRING 30-JAN-2022	36,046,780

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
WBTAF : OPTION EXPIRING 16-OCT-2029 EX 39C	100,000
WBTAD : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	6,182,187
WBTAE : PERFORMANCE RIGHTS	838,391
WBTAAB : OPTION EXPIRING 17-SEP-2030 EX $0.823	1,950,000
WBTAAA : OPTION EXPIRING 13-SEP-2030 EX $0.286	1,587,677
WBTAAC : OPTION EXPIRING 24-NOV-2030 EX $0.286	1,587,677
WBTAAD : OPTION EXPIRING 17-MAR-2031 EX $2.82	100,000
WBTAAE : OPTION EXPIRING 04-FEB-2031 EX $2.82	150,000
WBTAG : OPTION EXPIRING 26-MAR-2030 EX 23.12C	310,000
WBTAH : OPTION EXPIRING 25-JUN-2030 EX 27C	50,000
WBTAAF : OPTION EXPIRING 25-MAR-2031 EX $2.63	124,500

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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