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July 2019

Investor update

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WEEBIT NANO AT A GLANCE

Listed on the ASX in August 2016 and headquartered in Melbourne

Successfully completed development ReRAM working production protype

Operations in Israel and R&D partnership with CEA-Leti in France

Developing next-gen memory solution based on Silicon Oxide (SiOx) ReRAM

Patents Registered in the USA, filed in France

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Engaged with potential customer, developing a module based on their spec

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SHARE INFORMATION

1. As of 18 July 20192. Including performance shares3. As of 31 March 2019

CAPITAL STRUCTURE

ASX Code: WBT01

Share price: $0.52102

Shares on issue: 63.6m103

Options: 8.9m1&204

Market cap: A$35.6m105

Cash: A$2.95M306

SHAREHOLDING BREAKDOWN

73%

OTHER#

21.12%5.88%

TOP 20*

Excluding Board & Management

BOARD &

MANAGEMENT^

^ On a fully diluted view, this number is 10.09% * On a fully diluted view, this number is 24.32%# On a fully diluted view, this number is 65.59%

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WEEBIT LEADERSHIP TEAM

Received his PhD researching non-volatile memories, under the supervision of Prof Dov Frohman, the inventor of the first non-volatile memory technology

Led the creation of Tower Semiconductor and was its CEO for almost 10 years, including taking it public on NASDAQ

Co-founder of SaifunSemiconductor, a NVM company which was subsequently sold to Spansion

EXECUTIVE DIRECTOR

Served as Executive Vice President and General Manager at the Intel Architecture Group (IAG) and Chief Product Officer of Intel Corporation

IEEE Fellow and winner of the prize for innovation in industrial development from the Israeli President

Serves on the board of Mellanox as well as several other semiconductor startups

CHAIRMAN

Over 20 years of experience in the NVM domain in companies like Intel, Sandisk, Micron and Marvell, including development of the most advanced 45nm NOR Flash technology to date

Was part of Automotive division at Intel

CTO

40 years of experience in the semiconductor industry, including 2 exits at Verisity Design and Jasper Design Automation

CEO of PacketLight, turned it around from the verge of bankruptcy

Leading WW sales teams for almost 25 years

CEO

Over 20 years of experience as a Certified Public Accountant. Served as a senior manager at PWC Israel

Audited large public companies traded on the TASE and US Stock Exchanges and served as the CFO of several start-up companies

Active Board member of multiple companies inTASE and NASDAQ

CFO

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ATIQ RAZA APPOINTED TO THE BOARDOver 40 years experience in the semiconductor industry Chairman and CEO of NextGen Inc for 7.5 years where he revolutionized

the design of x86 processors

Became President and COO of Advanced Micro Devices (AMD) after NextGen was acquired by AMD

Led AMD’s transition from running behind Intel Processors to being a direct competitor gaining significant market share in PCs and Cloud

Held multiple roles as investor, Chairman and CEO of several semiconductor companies Chairman and CEO of Raza Microelectronics (Now RMI Corporation) for 5.5 years

Chairman and CEO of Calient Technologies for 6 years, a global leader in pure photonic Optical Circuit Switching technology and systems

Served on the boards of Mellanox, Magma Design Automation, Matrix and Solantro Semiconductor Corporation

Master’s Degree in Materials Science and Engineering at Stanford University

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WHY MEMORY?

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Exponential Growth in Memory Intensive Applications

5G Smartphones

Facial RecognitionInternet Of Things

Data Centers

Gaming

Autonomous Vehicles

Surveillance

Drones

Robotics

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CPU = Central Processing UnitSRAM = Static Random Access MemoryDRAM = Dynamic Random Access Memory

THE MEMORY MARKET

7Confidential

Embedded memory: Internal on chip

External memory Chip:Integrated on board

Weebit’s current focus

Practically every digital device contains embedded non-volatile memory (NVM)

NVM market expected to go over US$60B in 2019 (source: statista)

Current NVM solution for embedded has many drawbacks, the market is looking for new solutions

Emerging memory technologies, and specifically ReRAM, are starting to enter the market

Weebit’s ReRAM resolves key drawbacks while improving key technical parameters

Source: Yole Development, October 2018

DRAM

Flash

ReRAM

others

SRAM

eFlash

ReRAM

MRAM

Volatile Non-Volatile

eFlash – Embedded flashReRAM = Resistive RAMMRAM = Magnetic RAM

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Embedded Flash Weebit’s ReRAM

SpeedDoes not provide the speed improvement required for tomorrow’s needs

~1000X faster programming and read operations

Energy Efficiency High energy consumption ~1000X more energy efficient by low voltage and fast write

ManufacturabilityChallenging manufacturing process, not compatible with standard logic process (difficult to embed) Can’t scale below 40-28nm

Simple process, utilises standard SiOx material and machinery, compatible with standard logic process, can scale to smallest geometries

Density Provides increased capacity for the near future Scalability allows higher future density

Reliability High error rate and limited endurance 10-100X higher enduranceX

X

X

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WEEBIT’S RERAM SOLUTIONWeebit’s Silicon Oxide (SiOx) ReRAM technology addresses the shortcomings of the existing Flash technology. It is now preparing for transfer to a production facility and being adapted to a first potential customer. Its key competitive advantage compared to embedded Flash and to other new technologies is that it is based on standard materials and can be easily adapted to any fab.

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EXPECTATIONS MET

Every committed technology milestone met!

NOV 201740nm working cells

SEPT 2016Development kicked off at Leti

OCT 2017300nm 4Kbit Array

APR 2019

FEB 201840nm 4Kbit Array

JUN 201840nm 1Mbit Array

Production level endurance and retention

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Feb 18

Jun 18

Dec 18

Apr 19

Mar 20

Jun 20

Dec 20

PRODUCTISATION AND COMMERCIALISATION ROADMAP

4Kb Array

1Mb Array Process Optimisation

Demonstrated endurance of 1M and Retention of 10

years at 130-150oC

Deliver first memory module to potential

customer

Production Fab QualificationTechnology transfer and IP qualification

Initiate engagement with first potential customer

Currently received their specification and started

to implement it

Schedule reflects priority given to first potential customer engagement

28nm/300mm wafers available

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TARGET MARKETS

Internet of Things Key Applications: Wearables, security, smart cities, etc. Key advantages: Ease of manufacturing and low power

Analog Key Applications: All types of sensors, automotive, GPS, Wifi, etc. Key advantages: Ease of manufacturing, doesn’t impact the design

Artificial Intelligence Key Applications: Facial & object recognition and big data manipulation Key advantages: Able to manufacture in most advanced geometries

Weebit is a strong fit for many other markets which will be targeted in the future

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WEEBIT BUSINESS MODEL

License to fabs - Revenue per wafer consists of:Royalties: Range from 1-3% of the revenues from sales of the wafer, typically ~1.5%

License to semiconductor customers - Revenue per customer project consists of 3 main elements: IP Licensing Fees: Paid upon engagement, ranging from $500K

to $2M per license, typically ~$1M

Royalties: Range from 1-3% of the revenues from sales of the customer, typically ~1.5%

Non-Recurrent Engineering (NRE) fees: Covers costs to adapt the technology to customer specific needs, varies based on the specific customer needs

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Mimic the brain as accurately as possible

o ReRAM resembles biological Neuronso Physical similarities lead to functional similaritieso Highly energy efficient

Weebit can enable Brain Inspired Artificial Intelligence systems using ReRAM for AI applications

ReRAM is the solution for tomorrow’s needs achieving artificial intelligence capabilities

Machine learning

Object recognition

Brain inspired computing systems

RERAM TECHNOLOGY FOR TOMORROW

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Continuing positive progress and discussions on many additional fronts

Potential customers

Production fabs

Strategic investors

Industrial partners

SIGNIFICANT PROGRESS WITH PARTNERS

Announced Partnerships

Developing TCAD simulation models

of our ReRAM

Neuromorphic Computing

research

Neuromorphic Computing

research

In Memory Compute research

Silvaco IIT DelhiPolitecnicodi Milano Technion

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THANK YOU

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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 dataThis 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.

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