First Graphene Ltd. — Capital/Financing Update 2019

Jul 29, 2019

ASX Announcement

30 July 2019

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Exercise of Options

Advanced materials company, First Graphene Limited (“ FGR ” or “t he Company ”) (ASX: FGR) provides an update on the impending increase in the exercise price of the FGROC listed options ( Options ) in First Graphene Limited ( Company ). Each Option is exercisable into one fully paid ordinary share in the capital of the Company at the exercise price of $0.15 per Option if exercised on or before 8 August 2019.

Under the terms and conditions of the Options, the exercise price will increase to:

(a) $0.20 per Option if exercised after 8 August 2019 but on or before 8 August 2020; and

• (b) $0.25 per Option, if exercised after 8 August 2020 but on or before 8 August 2021.

Last trading date to allow for settlement 6 August 2019 Final day for exercise of options at $0.15 per 8 August 2019 Option Exercise price increases to $0.20 per Options 9 August 2019

Option holders intending to exercise their options, but without an option form, should contact the Company at info@firstgraphene.net and a personalised option form will be returned by email.

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Should you have any questions please contact the Company on 1300 660 448 or by email at nerida.schmidt@firstgraphene.net.

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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 was recently 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.

For further information, please contact

Craig McGuckin Managing Director First Graphene Limited + 61 1300 660 448

Warwick Grigor Non-Executive Chairman First Graphene Limited +61 417 863187

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