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4DS memory ASX RELEASE 20 January 2021 4DS Memory Limited | ABN 43 145 590 110 Level 2 , 50 Kings Park Road , West Perth WA 6005 PO Box 271 , West Perth WA 6872 +61 8 6377 8043 | david@4dsmemory.com | www.4dsmemory.com QUARTERLY ACTIVITY REPORT AND APPENDIX 4C Highlights for the Quarter ended 31 December 2020 : • Second Non - Platform Lot wafers successfully manufactured , with analysis underway at 4DS ' facilities in Silicon Valley Results of analysis of Second Non - Platform Lot , and timing of production of Second Platform Lot , expected to be announced prior to end of January 2021 • Terms of extension to collaboration agreement with imec being finalised • • Drs . Wilbert van den Hoek , previous Board member of Cypress Semiconductor and senior executive at Novellus Systems , formally appointed to the 4DS Board as Chairman Establishment of a “ Sale Bonus Pool ” to incentivise eligible US based employees when a corporate transaction is achieved Further strengthening of 4DS ' 100 % owned patent portfolio , which now comprises 29 granted patents • No significant impact on 4DS ' operations due to COVID - 19 For personal use only , 4DS Memory Limited ( ASX : 4DS ) ( 4DS ) ( the Company ) , is pleased to provide its Quarterly Activity Report and Appendix 4C for the Quarter ended 31 December 2020 . Wafer Production and Analysis The Second Non - Platform Lot wafers were successfully manufactured by imec and 4DS received these wafers in late December 2020. 4DS ' technical team has been gathering and reviewing the data from these wafers and expects to complete its analysis before the end of January 2021 . Further to the Company Update on 10 December 2020 , 4DS and imec have agreed on the refinements to the process conditions for the Second Platform Lot wafers , which are expected to mitigate risks at various stages in the fabrication process . imec has confirmed that the production of the Second Platform Lot Wafers will commence by mid Q1 2021 , and 4DS and imec are currently in discussions regarding available time slots and the precise start date . 4DS expects to announce the results of the analysis of the Second Non - Platform Lot , and confirm the commencement date for the production of the Second Platform Lot , in a further update to the market prior to the end of January 2021 . The results of the analysis of the Second Non - Platform Lot and Second Platform Lot will pave the way for 4DS and its partners to pursue their strategic objective to fabricate wafers which operate as a fully functional megabit memory . Page 1 of 3