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WEEBIT NANO LTD Share Issue/Capital Change 2018

Oct 7, 2018

66042_rns_2018-10-07_be320873-fdb0-4a85-ba68-7957e5809625.pdf

Share Issue/Capital Change

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8 October 2018

Cleansing notice under Section 708A of the Corporations Act

Weebit Nano Ltd (the “ Company ") issued 5,714,285 fully paid ordinary shares in the capital of the Company (“ Shares” ) on 8 October 2018 without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (Cth) (the " Corporations Act "). The Company also applied for quotation of the Shares on the ASX as at 8 October 2018.

Accordingly the Company gives notice under section 708A (5)(e) of the Corporations Act that:

the Shares were issued by the Company without disclosure to investors under Part 6D.2 of the Corporations Act;
as at the date of this notice the Company has complied with:
(a) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and
(b) section 674 of the Corporations Act; and
as at the date of this notice there is no "excluded information" within the meaning of sections 708A(7) and 708A(8) of the Corporations Act which is required to be disclosed by the Company under section 708A(6)(e) of the Corporations Act.

ENDS

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.