Ann: Weebit Nano Q3 FY24 Activities Report and Appendix 4C, page-4

Not much to garner any additional excitement.

It is very evident the R&D spend that caused a little bit of ansgt for the "uninformed" last quarter is not a concern.

“Notable quarterly net operating cash flow items included a $1.4 million GST refund inrelation to Q2 FY24’s higher than normal milestone-based payments to research partner CEA-Leti. R&Dexpenses were A$11k for Q3 FY24.”

In Q2FY24

“R&Dexpenses were A$10.5 million, inclusive of A$8 million in milestonebasedpayments to CEA-Leti. Weebit has multiple projects running in parallel at Leti, with payments linked to the achievement of technical milestones. In previous quarters, payments to Leti reflected the achievement of only a few milestones. In Q2 FY24, Leti delivered many milestones, triggering higher R&D payments. Weebit does not expect R&D expenses to remain at this level in subsequent quarters.”