Weebit Nano Ltd (ASX:WBT) (Weebit Nano or Company), a leading developer of advanced memory technologiesfor the global semiconductor industry, appoints Ms Naomi Simson to the Board as an independent Non-ExecutiveDirector, effective 1 September 2023.

Ms Simson had a corporate career in marketing with Apple, IBM, Ansett and KPMG before founding RedBalloon,an online marketplace for experiences, in 2001. RedBalloon now sits within Big Red Group, which she co-foundedin 2017. In addition to offering wholesale services, platforms and technology to experience operators, Big RedGroup also houses consumer brands; Adrenaline, Experience Oz, Local Agent and EverythingNZ.

Naomi sits on a number of boards including Australian Payments Plus, Colonial First State, Big Red Group, Universityof Melbourne Economics and Business Faculty and Cerebral Palsy Research Foundation. Known as an entrepreneurand business leader, Ms Simson is also a best-selling author, podcaster and speaker. She has consistently beenrecognised for her corporate marketing expertise and leadership with awards including the National TelstraBusiness Women's Award for Innovation in 2008, a 2011 finalist in BRW's Entrepreneur of the Year, and beingnamed Australia’s Top Business Blogger in 2020.

Dadi Perlmutter, Chairman of Weebit Nano, said: “We are thrilled to have Naomi join our board. Her significantgo-to-market knowledge and leadership in corporate marketing will complement our board’s existing technicalexpertise and start-up and large tech company management experience. She will provide valuable insight as weramp up our commercialisation phase.”

Naomi Simson, Non-Executive Director, said: “I am excited to join the Board of Directors of Weebit Nano. I’mdrawn to the Company's relentless commitment to innovation and its reputation as a global leader in the non-volatile memory space, and look forward to helping to accelerate Weebit Nano's next stage of customer growth."

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About Weebit Nano LimitedWeebit Nano Limited is a leading developer of advanced semiconductor memory technology. The company’s ground-breakingResistive RAM (ReRAM) addresses the growing need for significantly higher performance and lower power memory solutionsin a range of new electronic products such as Internet of Things (IoT) devices, smartphones, robotics, autonomous vehicles,5G communications and artificial intelligence.Weebit’s ReRAM allows semiconductor memory elements to be significantly faster, less expensive, more reliable and moreenergy efficient than those using existing Flash memory solutions. As it is based on fab-friendly materials, Weebit ReRAM canbe integrated within existing flows and processes faster and easier than other emerging technologies, without requiring specialequipment or large investments.

Investors
Eric Kuret, Automic Group
P: +61 417 311 335
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Media – Australia
Tristan Everett, Automic Group
P: +61 403 789 096
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Media – US
Jen Bernier-Santarini, Weebit Nano
P: +1 650-336-4222
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