Vivani Medical : 2023 Investor Presentation

Nasdaq: VANI

www.vivani.com

Vivani Medical, Inc.

Guaranteed Adherence. Better Outcomes.

August 28, 2023

Disclaimers

The following slides and any accompanying oral presentation contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the "safe harbor" created by those sections. All statements in this release that are not based on historical fact are "forward looking statements." These statements may be identified by words such as "estimates," "anticipates," "projects," "plans" or "planned," "strategy," "goal," "seeks," "may," "will," "expects," "intends," "believes," "should," and similar expressions, or the negative versions thereof, and which also may be identified by their context. All statements that address operating performance or events or developments that Vivani Medical, Inc. ("Vivani", the "Company", "we" or "us) expects or anticipates will occur in the future, such as stated objectives or goals, our products and their therapeutic potential and planned development, the indications that we intend to target, our technology, our business and strategy, milestones, addressable markets, or that are not otherwise historical facts, are forward-looking statements. While management has based any forward-looking statements included in this presentation on its current expectations, the information on which such expectations were based may change. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements as a result of various factors. These risks and uncertainties include, but are not limited to, that we may fail to complete any required pre-clinical activities for NPM-119 or otherwise commence our planned Phase 2 trial for this product under development; conduct any pre-clinical activities of our other products; our products may not demonstrate safety or efficacy in clinical trials; we may fail to secure marketing approvals for our products; there may be delays in regulatory approval or changes in regulatory framework that are out of our control; our estimation of addressable markets of our products may be inaccurate; we may fail to timely raise additional required funding; more efficient competitors or more effective competing treatment may emerge; we may be involved in disputes surrounding the use of our intellectual property crucial to our success; we may not be able to attract and retain key employees and qualified personnel; earlier study results may not be predictive of later stage study outcomes; and we are dependent on third-parties for some or all aspects of our product manufacturing, research and preclinical and clinical testing. Additional risks and uncertainties are described in our Annual Report on Form 10-K filed on March 31, 2023, and our subsequent filings with the SEC. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto, or any change in events, conditions, or circumstances on which any such statement is based. Certain information contained in this presentation relates to or is based on studies, publications, surveys and other

data obtained from third party sources and the Company's own internal estimates and research. While we believe these third-party sources to be reliable as of

the date of this presentation, we have not independently verified, and make no representation as to the adequacy, fairness, accuracy or completeness of, any information obtained from third-party sources. Finally, while we believe our own internal research is reliable, such research has not been verified by any independent source. All of our therapies are still investigational and have not been approved by any regulatory authority for any use.

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Vivani Executive Leadership Team

Adam Mendelsohn PhD - CEO/Director

• Co-founder/Co-inventorof Nano Precision Medical technology
• PhD Bioengineering (UCSF/UC Berkeley)
• Management of Technology Certificate at Haas School of Business
• Research focused on diabetes treatment
• Formerly at Boston Scientific and Minimed

Truc Le, MBA - Chief Operations Officer	Brigid A. Makes, MBA - Chief Financial Officer
•	Numerous COO and Executive Positions at Device and Drug-	•	Former Sr. VP and CFO Miramar Labs
	Device Companies, including:	•	Former Sr. VP and CFO AGA Medical
•	COO at Dance Biopharm, COO at Avid Bio	•	Former CFO Nektar Therapeutics, OraVax and Haemonetics
•	Exec VP at Prima Biomed, Sr. VP at Nektar Therapeutics	•	Current Board director: Quantum-Si and Aziyo Biologics
	(responsible for Exubera approval), and Worldwide VP at	•	Involved in/Directed 2 IPOs, 2 reverse mergers and 1 SPAC
	Johnson & Johnson

Lisa Porter, MD - Chief Medical Officer

• Former Chief Medical Officer for Eiger BioPharmaceuticals and Dance BioPharm
• Former VP of Medical Development for Amylin
• Former Director at GSK, Global Head of Clinical Strategy for Avandia
• Former Board member of ViaCyte, Inc.

Donald Dwyer, MBA - Chief Business Officer

• Former Executive Director at AstraZeneca with leadership roles in drug development, commercial and business development
• Former Nano Precision Medical Board observer for AZ
• Former PhaseBio Board observer for AZ (prior to IPO)

• Former Director at Cephalon and Rhone Poulenc Rorer

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Vivani Medical, Inc.

An innovative, biopharmaceutical company developing a portfolio of miniature, long-term, drug implants to treat chronic disease. Our NanoPortal™ platform technology enables the design of implants aimed at improving medication non-adherence and tolerability.

Lead program NPM-119 is a miniature, 6-month,GLP-1 implant under development for the treatment of patients with type 2 diabetes (T2D) and obesity. Vivani's First In Human Phase 2 clinical study of NPM-119 in T2D patients, named LIBERATE-1, was placed on Clinical Hold prior to initiating the study. A Complete Response to the Clinical Hold was submitted on August 25, 2023.

In March, we announced the proposed initial public offering of our Neuromodulation Division, renamed Cortigent, Inc. This allows Vivani to focus on our drug implant business.

Vivani is well-positioned with new leadership and sufficient capital to support multiple
milestones for NPM-119 and our emerging pipeline of innovative therapeutic implants.	4

Company Pipeline

If Approved, Vivani Candidates will Compete in Markets with Large Potential

Vivani

Indication

Human Type II

Diabetes and

Obesity

Feline Pre-

Diabetes &

Diabetes

NASH (Non-

Alcoholic

Steatohepatitis)

Human

Obesity

Feasibility Pre-Clinical Clinical Market Size*

NPM-119	>$20B
exenatide
OKV-119**	>$500M
exenatide
NPM-159***	>$18B
proprietary compound
NPM-139***	>$19B
proprietary compound

• Estimated Market Sizes where Vivani candidates would compete, if approved; Does not represent future sales or revenue estimates of Vivani candidates
• In Partnership with Okava Pharmaceuticals, Inc.
• Feasibility in progress with a non-exenatide compound in collaboration with an undisclosed major pharma company

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