First Graphene Ltd. — Capital/Financing Update 2017

Dec 19, 2017

20 December 2017

ASX Announcement

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ENTITLEMENT ISSUE – NOTIFICATION OF SHORTFALL

Advanced materials company, First Graphene Limited (“FGR” or “the Company”) (ASX: FGR) advises that its non-renounceable option entitlement issue (Entitlement Issue) to raise up to $467,201.55 (before costs) pursuant to the Offer Document dated 10 November 2017, closed at 5.00PM WST on 14 December 2017.

The Company received applications under the Offer from eligible shareholders in respect of 24,595,452 New Options. Total funds received (before costs) from accepted applications was $245,954.52, representing a take-up of approximately 53%.

The Shortfall, being 22,124,703 New Options, has been fully subscribed for by professional and sophisticated investors and will be allocated to raise a further $221,247.03 (before costs).

The allotment of the New Options and Shortfall Options under the Entitlement Issue is expected to occur on or about 21 December 2017.

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20 December 2017

ASX Announcement

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ENTITLEMENT ISSUE – NOTIFICATION OF SHORTFALL

About First Graphene Ltd (ASX: FGR)

First Graphene produces high quality graphene from high grade Sri Lankan vein graphite.

First Graphene seeks to develop graphene production methods and acquire graphene related intellectual property which can provide further revenue related opportunities.

About Graphene

Graphene, the well-publicised and now famous two-dimensional carbon allotrope, is as versatile a material as any discovered on Earth. Its amazing properties as the lightest and strongest material, compared with its ability to conduct heat and electricity better than anything else, means it can be integrated into a huge number of applications. Initially this will mean graphene is used to help improve the performance and efficiency of current materials and substances, but in the future, it will also be developed in conjunction with other two-dimensional (2D) crystals to create some even more amazing compounds to suit an even wider range of applications.

One area of research which is being very highly studied is energy storage. Currently, scientists are working on enhancing the capabilities of lithium ion batteries (by incorporating graphene as an anode) to offer much higher storage capacities with much better longevity and charge rate. Also, graphene is being studied and developed to be used in the manufacture of supercapacitors which can be charged very quickly, yet also be able to store a large amount of electricity.

For further information, please contact

Craig McGuckin

Warwick Grigor

Non-Executive Chairman First Graphene Limited +61 (0)2 9230 1930

Managing Director First Graphene Limited + 611300 660 448

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