WEEBIT NANO LTD — Investor Presentation 2021

Apr 29, 2021

30 April 2021

==> picture [303 x 58] intentionally omitted <==

WHO ARE WE?

==> picture [44 x 44] intentionally omitted <==

Developer of ReRAM, an Emerging NVM

Semiconductor IP company; significantly faster and more energy efficient compared to existing Flash memory technology

==> picture [54 x 45] intentionally omitted <==

Targeting Rapidly Growing Market NVM market estimated at US$60B; growing to over US$100B by 2025*

• MarketsandMarkets Research

==> picture [52 x 52] intentionally omitted <==

Competitive Advantage

Uses standard materials and equipment in fabrication, >4X lower cost vs. alternative emerging NVM

==> picture [59 x 40] intentionally omitted <==

Fast Path to Commercialisation On-going discussions with potential semiconductor customers and partners; targeting first commercial agreement mid-2021

==> picture [50 x 51] intentionally omitted <==

Ready for Production Fab Transfer

Demonstrated high data retention, endurance and yield; finalised stabilisation phase

==> picture [42 x 43] intentionally omitted <==

Experienced Team

World-class leadership team in place to support transition to commercialisation

==> picture [216 x 62] intentionally omitted <==

2

KEY HIGHLIGHTS FOR Q3 FY21

MOVING CLOSER TO FIRST COMMERCIAL AGREEMENT

• Progressing discussions with multiple potential production partners and customers (who will embed our ReRAM in their products); Targeting first commercial agreement by mid-year, subject to COVID international travel restrictions

• Ongoing technology development with Leti on the embedded memory module and selector for the discrete market

• Appointed Ishai Naveh as Chief Technology Officer to drive ReRAM development

• Filed two new design-related patents, optimising ReRAM programming

==> picture [321 x 203] intentionally omitted <==

• Included in the S&P/ASX All Ordinaries Index

• ~A$2 million received for French R&D incentive

==> picture [216 x 62] intentionally omitted <==

3

TECHNOLOGY DEVELOPMENT

==> picture [90 x 72] intentionally omitted <==

FURTHER PROGRESS ACHIEVED IN BOTH EMBEDDED & DISCRETE DOMAINS

Embedded memory module on track

• Embedded memory module is on track to complete the design stage in mid-2021

• Memory module will feature enhanced functionality, and will be one of the first in the world to be integrated into a sub-system consisting of a processor, Static Random-Access Memory (SRAM), the ReRAM array and peripherals

• It will enable potential customers to use the module to fast-track their own development of low-power IoT devices and sensors

Progressing the integration of Weebit Nano’s ReRAM with a selector for the discrete memory market

• Further development work integrating Leti’s proprietary selector with Weebit Nano’s ReRAM for the discrete memory market

• Expecting to meet the goal of demonstrating it by September 2021

While we are progressing discussions with potential production partners in multiple regions, we are also using this time to continue to enhance the baseline parameters of our ReRAM technology

==> picture [216 x 62] intentionally omitted <==

4

NEW PATENTS TO FURTHER PROTECT IP

PATENTS RELATE TO OPTIMISING RERAM PROGRAMMING

• Filed two new design-related patents that significantly improve ReRAM programming

• The patents use sophisticated analog circuits to increase memory endurance while reducing access times and power consumption

• The first patent describes unique chip circuitries that operate in tandem to optimise the access time and power associated with programming the memory module, while also enhancing bit performance

• The second patent doubles memory access speed by expanding the concurrency of ReRAM programming beyond what emerging Non-Volatile Memories currently support

• These are applicable to a wide range of ReRAM technologies

==> picture [354 x 265] intentionally omitted <==

==> picture [216 x 62] intentionally omitted <==

5

SEMICONDUCTOR DEMAND AT ALL-TIME HIGH

WBT’S RERAM TECH IS WELL-PLACED TO CAPITALISE ON THIS DEMAND

• Global semiconductor demand is currently at a record high, outpacing supply and expected to continue increasing

• Demand is being driven by increased digitisation with semiconductors now used in almost every device and gadget, everything from phones through to cars and wearable technology

• While a major positive for WBT, it does create challenges in the short term

==> picture [324 x 43] intentionally omitted <==

==> picture [329 x 53] intentionally omitted <==

• Semiconductor shortages means finding production capacity is difficult

• WBT’s next generation ReRAM technology offers a faster and more energy efficient memory than existing Flash technology

• Tesla recently recalled 160,000 vehicles because their Flash memory had reached its endurance limit

• WBT’s ReRAM memory technology has endurance that is 100x > than Flash – this in itself represents significant potential

==> picture [330 x 38] intentionally omitted <==

==> picture [333 x 94] intentionally omitted <==

==> picture [216 x 62] intentionally omitted <==

6

MASSIVE MARKET POTENTIAL

Discrete Memory Potential Market Biz model: Selling components Initial target: Replacing NOR Flash Embedded Memory Potential Market Biz mode: Licensing IP Initial target: Replacing embedded Flash

==> picture [216 x 62] intentionally omitted <==

7

LOOKING AHEAD

FOCUSED ON SECURING FIRST COMMERCIAL AGREEMENT

Key priorities over the next 6 months include:

• Initiating the transfer of Weebit Nano’s technology to a production fab. While ongoing semiconductor shortages and travel restrictions are impacting the Company’s ability to enter into a production agreement, Weebit is confident of securing an agreement in the coming months

• Progressing talks with potential customers who will embed Weebit’s ReRAM in their products

• Completing the development of the embedded memory module with enhanced functionality by mid-2021

• Demonstrating a working combined cell integrating Leti’s proprietary selector with Weebit’s ReRAM earlier than planned (previously September 2021)

==> picture [353 x 265] intentionally omitted <==

==> picture [216 x 62] intentionally omitted <==

8

Questions

==> picture [303 x 58] intentionally omitted <==

DISCLAIMER

This presentation contains certain statements that constitute forward-looking statements. Examples of such statements include, but are not limited to, statements regarding the design, scope, initiation, conduct and results of our research and development programs; our plans and objectives for future operations; and the potential benefits of our products and research technologies. In some cases, forward-looking statements can be identified by the use of terminology such as “may,” “will,” “expects,” “plans,” “anticipates,” “estimates,” “potential” or “continue” or the negative thereof or other comparable terminology. These statements involve a number of risks and uncertainties that could cause actual results and the timing of events to differ materially from those anticipated by these forward-looking statements. These risks and uncertainties include a variety of factors, some of which are beyond our control. All forward-looking statements and reasons why actual results may differ are based on information available to us when initially made, and we assume no obligation to update these forward-looking statements or reasons why actual results might differ or the information set forth herein.

In addition, we do not make any representations or warranties, express or implied, with regard to the information included in this presentation of any other related document or information disclosed or furnished in connection thereto, including, without limitation, with respect to the accuracy, reliability, completeness or its sufficiency for any particular purpose. This information is proprietary and confidential of Weebit and is provided on a confidential basis and may not be disclosed or used without our prior written consent. You acknowledge that the disclosure and use of the information may be further prohibited under applicable securities or other laws. This presentation is made for informational purposes only and does not constitute an offer to sell any interest in Weebit not does it form the basis of any contract or agreement between the parties.

Third party data

This presentation includes or is otherwise based on information obtained from publicly available information, such as Statistica 2018, Yole Développement June 2017 and Advanced Materials Progress Report, 2018; and (iii) other information publicly released by corporations and government departments. Weebit has not independently verified or audited this information or any information. Accordingly, the accuracy and completeness of such information is not guaranteed. This data has been accurately reproduced and, as far as Weebit is aware, no facts have been omitted that would render the information provided inaccurate or misleading. Investors should note that market data is inherently predictive and subject to uncertainty and is not necessarily reflective of actual market, industry and macroeconomic conditions. Specifically, there is no assurance that any of the forecasts or projections will be achieved. Forecasts and projections involve risks and uncertainties and are subject to change based on various factors, including those discussed above.

==> picture [216 x 62] intentionally omitted <==

10

10