First Graphene Ltd. — Board/Management Information 2020

Oct 8, 2020

ASX ANNOUNCEMENT

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9 October 2020

Founding Managing Director Announces Retirement

HIGHLIGHTS

• Three-month notice period to be fulfilled as global search for new Chief Executive Officer commences

• Corporate strategy well established to continue growth into multiple sectors

• Major achievements include development of commercial-sized manufacturing facility and establishing FGR as the world’s largest graphene producer

• Marks end of an esteemed career as a qualified mining engineer and company executive for more than 35 years

First Graphene Limited (“ASX:FGR” or “the Company”) advises that Managing Director Craig McGuckin has given the Board three months’ notice of his intention to retire.

Mr McGuckin is a founding director of FGR and has overseen the construction of the world’s largest chemical exfoliation graphene manufacturing facility in Henderson, Western Australia.

Since opening in November 2017, the facility has been developed into the largest manufacturing plant producing commercial volumes of graphene across multiple applications and industries.

FGR Chairman Warwick Grigor thanked Mr McGuckin for his innovation, vision and leadership which has contributed to establishing the Company as the frontrunner in the emerging global graphene industry.

Mr Grigor said Mr McGuckin had led the Company towards a number of significant achievements, including:

• Securing patents to protect and establish FGR’s growing IP portfolio

• Obtaining government approval from AICIS (formerly NICNAS), FGR still being the only approved company in Australia

• Establishing a European base for First Graphene at the University of Manchester.

• Identifying the VFD as a method by which green graphene oxide could be created and pursuing this with Flinders University

• Initiating collaboration with the University of Adelaide to advance the Company’s fireretardant coating technology and work on cement and concrete applications

“Craig has had a dual focus to his role, both as the leader of First Graphene, which he’s fulfilled with great innovation and professionalism, and also as a key player globally for helping to establish the commercial viability of the graphene industry,” Mr Grigor said.

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ASX ANNOUNCEMENT

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“He has also been a driving force in making FGR the world’s leading graphene company.”

“Craig had the capability to develop the manufacturing and finishing processes used by FGR

• there was no textbook on how to do this - it was done from scratch.”

“He has assembled an excellent team of professional people and leaves the Company in great condition to move forward and expand. On behalf of the Board and shareholders, I thank Craig for his excellent efforts and wish him well in his retirement.”

The Company has commenced its international search for a new Chief Executive Officer to recruit a candidate who will successfully lead the company through its next phase of growth.

• ENDS -

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ASX ANNOUNCEMENT

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Investors

Craig McGuckin Managing Director

First Graphene Limited craig.mcguckin@firstgraphene.net + 61 1300 660 448

Media

Luke Derbyshire Managing Director

Spoke Corporate luke@spokecorporate.com + 61 488 66 42 46

About First Graphene Ltd (ASX: FGR)

First Graphene Ltd. is the leading supplier of high-performing, graphene products. The company has a robust manufacturing platform based upon captive supply of high-purity raw materials and an established 100 tonne/year graphene production capacity. Commercial applications are now being progressed in composites, elastomers, fire retardancy, construction and energy storage.

First Graphene Ltd. is publicly listed in Australia (ASX:FGR) and has a primary manufacturing base in Henderson, near Perth, WA. The company is incorporated in the UK as First Graphene (UK) Ltd. and is a Tier 1 partner at the Graphene Engineering and Innovation Centre (GEIC), Manchester, UK.

PureGRAPH[®] Range of Products

PureGRAPH[®] graphene powders are available in tonnage volumes with lateral platelet sizes of 20μm, 10μm and 5μm. The products are high performing additives, characterised by their high quality and ease of use.

First Graphene Limited ABN 50 007 870 760

1 Sepia Close Henderson WA 6166 T: +61 1300 660 448 E: info@firstgraphene.net W: firstgraphene.net

Directors:

Warwick Grigor Craig McGuckin Peter Youd Dr Andy Goodwin

ASX Symbol

FGR FGROC Frankfurt FSE:M11

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With authority of the board, this announcement has been authorised for release, by Peter R. Youd, Director, Chief Financial Officer and Company Secretary.