ECOGRAF LIMITED — Director's Dealing 2021

Jun 22, 2021

23 JUNE 2021

ASX: EGR

Change of Directors’ Interest Notices

EcoGraf Limited (ACN 117 330 757) (“ EcoGraf ” or the “ Company ”) (ASX: EGR ) advises that two directors of the Company have sold a total of 955,000 shares ( Plan Shares ) issued under the employee and director share plans to repay outstanding loans totalling $513,450 in respect of Plan Shares held by those directors.

In accordance with the terms of the Company’s employee and director share plans, the Plan Shares were issued to directors at market prices[1] in June 2016 by means of non-cash five year loans. The loans are repayable in cash by 27 June 2021. As a result, the directors have sold a portion of the Plan Shares to repay the loans to the Company.

The loan repayments totalling $513,450 made by the directors will be reflected in the June 2021 Quarterly Cash Flow Report.

Appendix 3Y notices for Messrs Pett and Spinks follow this announcement and details of the loans relating to the Plan Shares are provided below:

Plan Participant	Number of Plan Shares issued June 2016	Issue Price per Plan Share	Loan	Loan Repayment Date
Robert Pett2	1,250,000	$0.2282	$285,250	27 June 2021
Andrew Spinks	1,000,000	$0.2282	$228,200	27 June 2021
Total	2,250,000		$513,450

Notes:

1. The issue price of the Plan Shares was the volume weighted average price of the Company’s shares during the 5 trading days immediately prior to the date an offer of Plan Shares was accepted by the participant.

2. Plan Shares held by Cornwall Holdings Pty Ltd.

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

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For further information, please contact:

INVESTORS

Andrew Spinks Managing Director T: +61 8 6424 9002

EcoGraf Limited 18 Richardson Street West Perth WA 6005

ABN: 15 117 330 757 E: info@ecograf.com.au www.ecograf.com.au

Managing Director Andrew Spinks T: +61 8 6424 9002

About EcoGraf

EcoGraf is building a diversified battery anode material business to produce high purity graphite products for the lithium-ion battery and advanced manufacturing markets. Over US$30 million has been invested to date to create two highly attractive, development ready graphite businesses.

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

In addition, the Company’s breakthrough recovery of carbon anode material from recycled batteries using its EcoGraf™ process will enable the recycling industry to reduce battery waste and use recycled carbon anode material to improve battery lifecycle efficiency.

To complement these battery graphite operations, the Company is also advancing the TanzGraphite natural flake graphite business, with development of the Epanko Graphite Project, which will supply additional feedstock for the battery anode material facilities and provide customers with a long term supply of high quality graphite products for industrial applications such as refractories, recarburisers and lubricants.

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

https://www.ecograf.com.au/#home-video

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2

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of 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 30/09/01 Amended 01/01/11

Name of entity EcoGraf Limited ABN 15 117 330 757

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Robert Pett
Date of last notice	28 January 2021

Part 1 - Change of director’s relevant interests in securities

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.

Direct or indirect interest		Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.		Cornwall Holdings Pty Ltd Mr Pett is a director.
Date of change		16 to 22 June 2021
No. of securities held prior to change		Direct Nil Indirect 3,709,615 fully paid ordinary shares (Shares) held by Cornwall Holdings Pty Ltd 275,000 Shares held by Economics Consultants Pty Ltd as trustee for the RJ & SL Pett Super Fund 1,250,000 Performance Rights held by Economics Consultants Pty Ltd
Class		Shares issued under the Robert Pett Share Plan.
Number acquired		Nil
Number disposed		530,000 Shares

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		Average price of $0.5808 per Share
No. of securities held after change		Direct Nil Indirect 3,179,615 Shares held by Cornwall Holdings Pty Ltd 275,000 Shares held by Economics Consultants Pty Ltd as trustee for the RJ & SL Pett Super Fund 1,250,000 Performance Rights held by Economics Consultants Pty Ltd
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		On-market trade to fund repayment of the outstanding loan owed to the Company relating to Shares issued under the Robert Pett Share Plan.

Part 2 – Change of director’s interests in contracts

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.

Detail of contract	Not applicable
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	Not applicable
If prior written clearance was provided, on what date was this provided?	Not applicable

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of 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 30/09/01 Amended 01/01/11

Name of entity EcoGraf Limited ABN 15 117 330 757

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Andrew Spinks
Date of last notice	28 January 2021

Part 1 - Change of director’s relevant interests in securities

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.

Direct or indirect interest		Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.		Not applicable
Date of change		16 to 22 June 2021
No. of securities held prior to change		Direct 3,000,000 fully paid ordinary shares (Shares) 1,775,000 Performance Rights Indirect 6,994,388 Shares held by Andrew Spinks as trustee for the A S Gold Super Fund 2,429,434 Shares held by Andrew Spinks as trustee for the Spinks Family Trust
Class		Shares issued under the Employee Share Plan.
Number acquired		Nil
Number disposed		425,000 Shares
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		Average price of $0.5863 per Share

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change		Direct 2,575,000 Shares 1,775,000 Performance Rights Indirect 6,994,388 Shares held by Andrew Spinks as trustee for the A S Gold Super Fund 2,429,434 Shares held by Andrew Spinks as trustee for the Spinks Family Trust
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		On-market trade to fund repayment of the outstanding loan owed to the Company relating to Shares issued under the Employee Share Plan.

Part 2 – Change of director’s interests in contracts

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.

Detail of contract	Not applicable
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

Part 3 –[+] Closed period

Were the interests in the No securities or contracts detailed above traded during a[+] closed period where prior written clearance was required?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

If so, was prior written clearance Not applicable provided to allow the trade to proceed during this period? If prior written clearance was Not applicable provided, on what date was this provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3