WEEBIT NANO LTD — Capital/Financing Update 2022

Dec 20, 2022

Application for quotation of +securities

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Announcement Summary

Entity name

WEEBIT NANO LTD

Announcement Type

New announcement

Date of this announcement

Wednesday December 21, 2022

The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
WBT	ORDINARY FULLY PAID	162,182	21/12/2022

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

WEEBIT NANO LTD

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

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

21/12/2022

Application for quotation of +securities

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Application for quotation of +securities

Part 2 - Type of Issue

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2.1 The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

2.2 The +securities to be quoted are:

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Additional +securities in a class that is already quoted on ASX ("existing class")

Application for quotation of +securities

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Application for quotation of +securities

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

Existing +securities converting into additional +securities in an existing class

FROM (Existing Class) ASX +security code and description WBTAE : PERFORMANCE RIGHTS

TO (Existing Class) ASX +security code and description

WBT : ORDINARY FULLY PAID

Please state the number of options	The first date the options were	The last date the options were
that were exercised or other	exercised or other +convertible	exercised or other +convertible
+convertible securities that were	securities were converted	securities were converted
converted		20/12/2022
80,000

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates who are exercising options or converting convertible securities

Number of options being exercised or other +convertible securities Name of KMP Name of registered holder being converted Yoav Nissan-Cohen Yoav Nissan-Cohen 80,000

Application for quotation of +securities

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Application for quotation of +securities

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Issue date 21/12/2022 Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Issue details Number of +securities to be quoted 80,000 Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities Nil - issued in accordance with the approved Employee Incentive Option Plan Rules Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 0.000000 Any other information the entity wishes to provide about the +securities to be quoted Conversion of unlisted performance rights exercisable for nil consideration Existing +securities converting into additional +securities in an existing class FROM (Existing Class) ASX +security code and description WBTAG : OPTION EXPIRING 26-MAR-2030 EX 23.12C TO (Existing Class) ASX +security code and description WBT : ORDINARY FULLY PAID Please state the number of options The first date the options were The last date the options were that were exercised or other exercised or other +convertible exercised or other +convertible +convertible securities that were securities were converted securities were converted converted 20/12/2022 12,500 Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)?

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Application for quotation of +securities

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Application for quotation of +securities

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No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate? No

Issue date

21/12/2022

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class?

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Yes

Issue details

Number of +securities to be quoted

12,500

Are the +securities being issued for a cash consideration?

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Yes

In what currency is the cash consideration being paid? What is the issue price per +security?

AUD - Australian Dollar

AUD 0.23120000

Any other information the entity wishes to provide about the +securities to be quoted Conversion of unlisted options exercisable at $0.2312 (23.12 cents)

Existing +securities converting into additional +securities in an existing class

Application for quotation of +securities

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Application for quotation of +securities

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FROM (Existing Class) ASX +security code and description

WBTAD : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

TO (Existing Class) ASX +security code and description

WBT : ORDINARY FULLY PAID

Please state the number of options The first date the options were The last date the options were that were exercised or other exercised or other +convertible exercised or other +convertible +convertible securities that were securities were converted securities were converted converted 20/12/2022 15,000

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by:

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An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate?

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No

Issue date

21/12/2022

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Application for quotation of +securities

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Application for quotation of +securities

Issue details

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Number of +securities to be quoted 15,000 Are the +securities being issued for a cash consideration? Yes In what currency is the cash consideration being paid? What is the issue price per +security? AUD - Australian Dollar AUD 0.42860000 Any other information the entity wishes to provide about the +securities to be quoted Conversion of unlisted options exercisable at $0.4286 (42.86 cents) Existing +securities converting into additional +securities in an existing class FROM (Existing Class) ASX +security code and description WBTAD : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

TO (Existing Class) ASX +security code and description WBT : ORDINARY FULLY PAID Please state the number of options The first date the options were The last date the options were that were exercised or other exercised or other +convertible exercised or other +convertible +convertible securities that were securities were converted securities were converted converted 21/12/2022 42,187 Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate? No

Application for quotation of +securities

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Application for quotation of +securities

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Issue date 21/12/2022 Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Issue details Number of +securities to be quoted 42,187 Are the +securities being issued for a cash consideration? Yes In what currency is the cash consideration being paid? What is the issue price per +security? AUD - Australian Dollar AUD 0.54000000 Any other information the entity wishes to provide about the +securities to be quoted Conversion of unlisted options exercisable at $0.54 (54 cents) Existing +securities converting into additional +securities in an existing class FROM (Existing Class) ASX +security code and description WBTAH : OPTION EXPIRING 25-JUN-2030 EX 27C TO (Existing Class) ASX +security code and description WBT : ORDINARY FULLY PAID Please state the number of options The first date the options were The last date the options were that were exercised or other exercised or other +convertible exercised or other +convertible +convertible securities that were securities were converted securities were converted converted 20/12/2022 12,495

Application for quotation of +securities

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Application for quotation of +securities

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Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by:

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An issue of new +securities

The underlying securities being received by the holder are:

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Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme?

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Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate?

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No

Issue date

21/12/2022

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class?

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Yes

Issue details

Number of +securities to be quoted

12,495

Are the +securities being issued for a cash consideration?

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Yes

In what currency is the cash consideration being paid? What is the issue price per +security?

AUD - Australian Dollar AUD 0.27000000

Any other information the entity wishes to provide about the +securities to be quoted

Conversion of unlisted options exercisable at $0.27 (27 cents)

Application for quotation of +securities

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Application for quotation of +securities

Part 4 - Issued capital following quotation

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Following the quotation of the +securities the subject of this application, the issued capital 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 on ASX following the +quotation of the +securities subject of this application)

	Total number of
ASX +security code and description	+securities on issue
WBT : ORDINARY FULLY PAID	173,520,855

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	25,000
WBTAD : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	11,056,350
WBTAE : PERFORMANCE RIGHTS	3,008,000
WBTAAB : OPTION EXPIRING 17-SEP-2030 EX $0.823	2,500,000
WBTAAA : OPTION EXPIRING 13-SEP-2030 EX $0.286	694,609
WBTAAC : OPTION EXPIRING 24-NOV-2030 EX $0.286	793,839
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	73,750
WBTAH : OPTION EXPIRING 25-JUN-2030 EX 27C	21,875
WBTAAF : OPTION EXPIRING 25-MAR-2031 EX $2.63	117,000

Application for quotation of +securities

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