ECOGRAF LIMITED — Board/Management Information 2020

Apr 13, 2020

14 APRIL 2020

ASX: EGR

ProGraphite Technical Cooperation and Board Change with Appendix 3Z

EcoGraf Limited ( EcoGraf or the Company ) (ASX: EGR) has made some corporate changes due to the recent increase in the Company’s commercial activities and programs in its battery spherical graphite and other downstream processing initiatives.

In order to ensure there are no potential conflicts of interest and to ensure the ongoing programs are conducted in accordance with the Company’s corporate governance principles on independence, Mr Christoph Frey, as the owner of ProGraphite GmbH (“ ProGraphite ”) will resign from his position as an independent Non-Executive Director of EcoGraf.

Accordingly, Christoph Frey’s resignation is effective as of the date of this announcement and a final director’s interest notice is attached to this announcement.

The Company is pleased that it has entered arrangements to continue its technical cooperation with ProGraphite on the Company’s proprietary purification process, including the evaluation of high purity carbon products, battery recycling, synthetic graphite analysis and spherical graphite coatings to support new business opportunities.

The Company initially engaged ProGraphite to undertake a range of technical programs for natural flake graphite and purified spherical graphite products, including the development and optimisation of the Company’s proprietary non-hydrofluoric acid EcoGraf purification process for producing battery graphite.

The Company is finalising its predevelopment activities which includes Product Sales and EPC arrangement to finance and develop its state-of-the-art 20,000 tonne per annum battery graphite purification facility in Western Australia.

This announcement is authorised for release by Andrew Spinks, Managing Director.

==> picture [540 x 24] intentionally omitted <==

For further information, please contact:

INVESTORS

Andrew Spinks Managing Director T: +61 8 6424 9002

EcoGraf Limited Level 1/18 Richardson Street West Perth WA 6005

ABN: 15 117 330 757 Managing Director E: info@ecograf.com.au Andrew Spinks www.ecograf.com.au T: +61 8 6424 9002

About EcoGraf

Founded on a commitment to innovation and sustainability, EcoGraf is building a vertically integrated business to produce high purity graphite for the lithium-ion battery market.

The new state-of-the-art processing facility in Western Australia will manufacture spherical graphite products for export to Asia, Europe and North America using a superior, environmentally responsible purification technology to provide customers with sustainably produced, high performance battery anode graphite. In time the battery graphite production base will be expanded to include additional facilities in Europe and North America to support the global transition to clean, renewable energy in the coming decade.

To complement the battery graphite operations, EcoGraf is also developing the TanzGraphite natural flake graphite business, commencing with the Epanko Graphite Project, which will supply additional feedstock for the spherical graphite processing facilities and provide customers with a long term supply of high quality graphite products for industrial applications such as refractories, recarburisers and lubricants.

==> picture [214 x 122] intentionally omitted <==

A video fly-through of this new facility is available online at the following link: Fly through video

==> picture [379 x 242] intentionally omitted <==

2

Appendix 3Z Final Director’s Interest Notice

Rule 3.19A.3

Appendix 3Z

Final Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity EcoGraf Limited ABN 15 117 330 757

We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of director	Christoph Frey
Date of last notice	3 June 2019
Date that director ceased to be director	14 April 2020

Part 1 – Director’s relevant interests in securities of which the director is the registered holder In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

2,125,000 fully paid ordinary shares[1]

1 2,000,000 fully paid ordinary shares are subject to the terms of the Frey Share Plan summarised in the Notice of Annual General Meeting released to the ASX on 6 October 2017.

• See chapter 19 for defined terms.

Appendix 3Z Page 1

11/3/2002

Appendix 3Z Final Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interestNote: Provide details of the circumstances giving rise tothe relevant interestNot applicable	Number & class of securitiesNil

Part 3 – Director’s interests in contracts

Detail of contract	Not applicable
Nature of interest
Name of registered holder(if issued securities)
No. and class of securities to whichinterest relates

• See chapter 19 for defined terms.

Appendix 3Z Page 2

11/3/2002