First Graphene Ltd. — Board/Management Information 2004

May 2, 2004

TOLHURST NOALL GROUP LTD

A.C.N 007 870 760 Level 29, 35 Collins Street, Melbourne Victoria 3000 Australia Telephone: (03) 9242 4000 Facsimile: (03) 9242 4040

3 May 2004

Companies Announcements Office Australian Stock Exchange Limited Exchange Centre 20 Bond Street SYDNEY NSW 2000

Dear Sir/ Madam,

TOLHURST NOALL GROUP LTD RESIGNATION OF A DIRECTOR

Tolhurst Noall Group Ltd (ASX: TNL) advises that Mr Don Taig has resigned as a director of the board.

Don has been with the Company since January 1999 and has made a major contribution to the group during his tenure.

We wish Don well in his various endeavours.

Yours faithfully,

Confund

CRAIG GRAHAM-SMITH Company Secretary On Behalf of the Board Tolhurst Noall Group Ltd