Ann: WBT Placement & Entitlement Offer, page-2

Commitments received for a Placement raising $2,500,000 and the company to launch an Entitlement
Offer to existing eligible Shareholders to raise an additional $2,500,000 at the same price as the Placement
 Combined capital raising to progress delivery of key commercialisation milestones – development of
potential customer module and moving proprietary ReRAM technology to 28nm 300mm wafers
 Funds raised to support Weebit in achieving first customer purchase orders anticipated in CY20, and
engage with a production facility to transfer technology for production

A pro-rata non-renounceable entitlement offer by WBT to
Eligible Shareholders of 1 New Share for every 9.5 Shares
held on the Record Date at an issue price of $0.39 per New
Share to raise approximately $2.5 million before costs of
the Offer.