Nano Dimension Ltd.

Consolidated Statements of Changes in Equity

Share capital

Share premium

Treasury shares

Warrants

Capital reserve from transactions with controlling shareholders

Capital reserve for share- based payments

Accumulated loss

Total equity

Convenience translation into US dollars

(NIS 3.766 = $1)

Thousand NIS

Thousand NIS

Thousand NIS

Thousand NIS

Thousand NIS

Thousand NIS

Thousand NIS

Thousand NIS

Thousand USD

For the three months ended March 31, 2016:

Balance as of January 1, 2016

3,863

63,054

(5,260)

6,934

1,866

12,681

(36,134)

47,004

12,481

Exercise of warrants and options

404

6,763

-

(2,311)

-

(1,145)

-

3,711

985

Share-based payments

-

-

-

-

-

2,857

-

2,857

759

Net loss

-

-

-

-

-

-

(6,741)

(6,741)

(1,790)

Balance as of March 31, 2016

4,267

69,817

(5,260)

4,623

1,866

14,393

(42,875)

46,831

12,435