WEEBIT NANO LTD — Share Issue/Capital Change 2017

Oct 8, 2017

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Additional Information as Required Under Listing Rules 7.1A.4 and 3.10.5A

9 Oct, 2017 – Weebit Nano Ltd (ASX: WBT) ("the Company") issued 166,666,668 fully paid ordinary shares in the capital of the Company (“Shares”) on 3 October 2017 following a placement to sophisticated investors (“Placement”) of 115,330,236 ordinary shares under Listing Rule 7.1A and a further 51,336,432 ordinary shares issued under Listing Rule 7.1.

Accordingly the Company gives the following additional information as required under Listing Rules 7.1A.4 and 3.10.5A:

• a. the dilution to the existing shareholders of the Company of Shares caused by the Placement under Listing Rule 7.1A is 9.8% (and if the 51,336,432 Shares issued by the Company under Listing Rule 7.1 , are included the dilution to the existing shareholders of the Company is 14.2%);

• b. the Company required additional funds to be raised expeditiously to fund the continued development of its technology and general working capital requirements and having sought advice from CPS Capital Group Pty Ltd (“CPS”), who was engaged as Corporate Advisor and Broker to the Company, it was determined that a Placement was the most appropriate means to raise the additional funds given the risk and the time that it would take to complete a capital raising by another means, such as by way of a rights issue. The terms of the appointment of CPS (refer point d. below) also require additional equity securities, by way of unlisted options, to be issued on a successful Placement occurring;

• c. as the Placement was not underwritten, no underwriting fees were incurred; and

• d. the fees and other costs payable to CPS for this engagement are:

• i. a Management Fee of 2% of the funds raised (plus GST where applicable) for managing the issue;

• ii. a Placing Fee of 4% of the funds raised (plus GST where applicable);

• iii. CPS, or its nominee, to receive a mandate execution fee of up to:

  • 1) 125 million unlisted options in the Company (with an exercise price of $0.03 and exercisable on or before 30 June 2020) to be issued upon successful completion of the engagement; and

  • 2) 25 million unlisted options in the Company ((with an exercise price of $0.03 and exercisable on or before 30 June 2020) to be issued only upon obtaining shareholder approval which will be sought at the next AGM of the Company;

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Contact

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

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• iv. a monthly Corporate Advisory Fee of AUD$12,500 (plus GST where applicable) payable monthly in cash for the services provided by CPS. This mandate is for a minimum term of twelve (12) months and the full amount of the twelve month term is due and payable should this mandate be terminated by the Company, otherwise than for cause; and

• v. re-imbursement of expenses, including travel expenses, with the prior approval of the Company, incurred by CPS in relation to the engagement.

For further information, contact:

Investors & Media

Eric Kuret Market Eye M: +61 417 311 335 E: eric.kuret@marketeye.com.au

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 storage, and plans to become the new industry standard in this space.

Incorporated in Israel in 2015, Weebit Nano was built to address the growing need for data storage technology around a revolutionary memory technology. The Company has secured several patents to ensure optimal commercial and legal protection for its ground-breaking technology.

This quantum leap will allow semiconductor memory elements to become 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/

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

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