ECOGRAF LIMITED — Share Issue/Capital Change 2021

Jun 28, 2021

29 JUNE 2021

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Exercise of Performance Rights

EcoGraf Limited (ACN 117 330 757) (“ EcoGraf ” or the “ Company ”) (ASX: EGR ) advises that the Company has issued 200,000 fully paid ordinary shares ( Shares ) upon the exercise of unquoted performance rights that vested on achievement of performance milestones in accordance with the Company’s Incentive Performance Rights Plan.

An Appendix 2A applying for quotation of the Shares has been lodged separately.

Notice Under Section 708A(5)(e) of the Corporations Act 2001 (Cth)

The Company confirms that:

• a) the Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

• b) this notice is being given under section 708A(5)(e) of the Corporations Act;

• c) as at the date of this notice, the Company has complied with:

  • i) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

  • ii) section 674 of the Corporations Act; and

• d) as at the date of this notice, there is no excluded information of the type referred to in sections 708A(7) and 708A(8) of the Corporations Act.

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 Managing Director E: info@ecograf.com.au Andrew Spinks www.ecograf.com.au 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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