Audio Pixels : CEO Presentation for AGM

Annual General Meeting

May 2017

CEO Presentation

FORWARD LOOKING STATEMENTS

These slides and the accompanying oral presentation is a presentation of general information about the current activities of Audio Pixels Limited as to the date of this presentation. All statements other than statements of historical facts contained in these slides and the accompanying oral presentation, including statements regarding future operations, future financial position, future revenue, projected expenses, opportunities, prospects, plans and objectives of management and competitive and technological trends are forward-looking statements It is provided in summary and does not purport to be complete. You should not rely upon it as advice for investment purposes, as it does not take into account your investment objectives, financial position or needs.

Forward-looking statements are based on estimates, projections and assumptions made about circumstances and events that have not yet taken place. Although management believes the forward- looking statements to be reasonable, they are not certain. Forward-looking statements involve known and unknown risks, uncertainties and other factors that are in some cases beyond the management and the company's control, and which may cause actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements (and from past results). Management makes no representation or warranty as to the accuracy of any forward-looking statements in this document and undue reliance should not be placed upon such statements.

Forward-looking statements may be identified by words such as "aim", "anticipate", "assume", "continue", "could", "estimate", "expect", "intend", "may", "plan", "predict", "should", "will", or "would" or the negative of such terms or other similar expressions that are predictions of or otherwise indicate future events or trends.

Management does not intend to update the forward-looking statements in this document in the future. These factors should be considered, with or without professional advice, when deciding if an investment is appropriate.

To the extent permitted by law, no responsibility for any loss arising in any way (including by way of negligence) from anyone acting or refraining from acting as a result of this material is accepted, including any of its related bodies.

MEMS

Vendor 1 - Delivered Wafers (currently undergoing final process at 3rd party vendor)

MEMS

Vendor 2 - Began delivering wafers

ASIC -

GeneraFon 2 completed

Assembly & Packaging - Completed first samples received

Algorithms

- awaiFng working devices for tesFng