WEEBIT NANO LTD — Share Issue/Capital Change 2019

Feb 14, 2019

Notification of Consolidation/Split

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Notification of Consolidation/Split

Announcement Summary

Entity name

WEEBIT NANO LTD

Applicable security for the reorganisation

WBT ORDINARY FULLY PAID WBTAE PERFORMANCE RIGHTS WBTAD OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES Announcement Type Update to previous announcement Date of this announcement Friday February 15, 2019 Reason for the Update

Confirmation that the Consolidation Resolution was passed at the General Meeting on 13 February 2019.

Refer to below for full details of the announcement

Announcement Details

Part 1 - Entity and announcement details

1.1 *Name of +Entity WEEBIT NANO LTD Registration Number 1.2 *Registered Number Type ACN 146455576 1.3 *ASX issuer code WBT

1.4 *The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Confirmation that the Consolidation Resolution was passed at the General Meeting on 13 February 2019.

1.4b * Date of previous announcement(s) to this update Wednesday January 16, 2019

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1.5 *Date of this announcement

Friday February 15, 2019

1.6 *Securities affected by the reorganisation

WBT ORDINARY FULLY PAID WBTAE PERFORMANCE RIGHTS WBTAD OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

Part 2 - Approvals

2.1 *Are any of the below approvals required for the reorganisation before business day 0 of the timetable?

• Security holder approval Court approval

• Lodgement of court order with +ASIC ACCC approval

• FIRB approval

• Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the reorganisation.

Yes

2.2 Approvals

Approval/Condition Date for determination Is the date estimated Approval +Security holder Wednesday February or actual? received/condition approval 13, 2019 Actual met? Yes Comments**

Shareholders approved the share consolidation at a General Meeting on 13 February 2019.

Part 3 - Reorganisation timetable and details

3.1 *+Record date

Monday February 18, 2019

3.2 Date of +security holder meeting

Wednesday February 13, 2019

3.3 Last day for trading in the pre-re-organised +securities

Thursday February 14, 2019

3.4 *Effective date. Trading in the re-organised securities commences on a +deferred settlement basis. If the +entity's securities are suspended from trading during this period there will be no +deferred settlement trading however ASX still captures this date. Friday February 15, 2019

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3.5 Record date

Monday February 18, 2019

3.6 First day for +entity to send notices to +security holders of the change in the number of +securities they hold. First day for +entity to register +securities on a post-reorganised basis Tuesday February 19, 2019

3.7 *+Issue date. +Deferred settlement market ends. Last day for +entity to send notices to +security holder of the change in the number of +securities they hold. Last day for +entity to register +securities on a post-reorganised basis

Monday February 25, 2019

3.8 Trading starts on a normal T+2 basis

Tuesday February 26, 2019

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis Thursday February 28, 2019

Part 4 - Reorganisation type and details

4.1 *The reorganisation is

+Security consolidation

4.1a *Consolidation ratio: the +securities will be consolidated on the basis that every 25

(pre-consolidation) +securities will be consolidated into 1

(post-consolidation) +security (/ies).

4.2 *Scrip fraction rounding

Fractions rounded up to the next whole number

Part 5 - +Securities on issue before and after reorganisation

5.1 *+Securities on issue before and after the reorganisation

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ASX +Security Code ASX +Security
WBT Description
ORDINARY FULLY
PAID
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Quoted before reorganisation reorganisation Estimated
1,591,216,206 63,648,648
ASX +Security Code ASX +Security
WBTAE Description
PERFORMANCE
RIGHTS
Quoted/unquoted Number on issue Number on issue after Estimate/Actual
Unquoted before reorganisation reorganisation Estimated
37,652,271 1,506,091
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	*ASX +Security Code WBTAD	ASX +Security* Description** OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	ASX +Security* Description** OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	ASX +Security* Description** OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES
	Quoted/unquoted Unquoted	Number on issue before reorganisation 185,677,400	Number on issue after reorganisation 7,427,096	Estimate/Actual Estimated
5.2 Exercise price of options** ASX +Security Code WBTAE ASX +Security Description PERFORMANCE RIGHTS Quoted/unquoted Unquoted Exercise price before reorganisation 0.00000000 Exercise price after reorganisation 0.00000000 ASX +Security Code WBTAD ASX +Security Description* OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES Quoted/unquoted Unquoted Exercise price before reorganisation 0.00000000 Exercise price after reorganisation 0.00000000 Part 6 - Further information 6.1 Further information relating to the reorganisation 6.2 Additional information for inclusion in the Announcement Summary**

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