Nano Dimension Letter from Interim CEO

Core Viewpoint - Nano Dimension Ltd. acknowledges the need for change due to a lack of investor confidence, reflected in a negative enterprise value and a market value trading at a discount to net cash and book value [2][3] Company Assessment - The company has faced significant challenges, including an 80% decline in stock price since raising $1.5 billion in early 2021 [3] - Financial communications have been criticized for lacking clarity regarding the company's performance and addressing operating losses [3] - High operating expenses have been a persistent issue, disproportionate to the size of the business [3] Strategic Changes - The company is committed to a new approach focused on shareholder interests, capital allocation with demonstrable ROI, and prudent management of operating expenses [7][8] - A new strategy aims to accelerate growth and profitability, targeting advanced manufacturing segments with high-performance applications [9][10] Governance and Shareholder Engagement - The company is taking steps to restore good governance, including allowing a previously established Shareholder Rights Plan to lapse [12] - The board has authorized a $150 million share repurchase program as a capital alternative, contingent on market conditions [14] Financial Performance - Preliminary unaudited consolidated revenues for Q4 2024 are expected to be approximately $14.6 million, with full-year revenues around $57.8 million, reflecting a 3% year-over-year increase [16]