First Graphene Ltd. — Capital/Financing Update 2020

Jun 17, 2020

ASX Announcement

18 June 2020

==> picture [120 x 74] intentionally omitted <==

Cleansing Statement

Advanced materials company, First Graphene Limited (“ FGR ” or “t he Company ”) (ASX: FGR) is pleased to advise that it has issued 3,073,270 fully paid ordinary shares in the capital of the Company (“ Shares ”) and 3,073,270 Listed Options (ASX: FGROC) exercisable at:

• (a) $0.20 each, if exercised after 8 August 2019 but on or before 8 August 2020; and

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

The issues have been made pursuant the Company’s placement capacity under Listing Rule 7.1 to raise additional working capital from sophisticated and professional investors and in lieu of deferred remuneration owing to employees for services previously provided to the Company.

The Shares were issued at an issue price, or where applicable, a deemed issue price, of $0.13 per Share with one Listed Option free attaching to each Share issued. These terms are consistent with the terms offered under the Company’s recently completed rights issue.

The issue of these securities does not require shareholder approval.

==> picture [145 x 315] intentionally omitted <==

An Appendix 2A in relation to the above issues follows this announcement.

The Company gives notice pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ) that:

1. the Company issued the securities without disclosure under Part 6D.2 of the Corporations Act; and

2. as at the date of this notice, the Company has complied with:

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

   • section 674 of the Corporations Act; and

3. as at the date of this notice, there is no information to be disclosed which is excluded information (as defined in section 708A(7) of the Corporations Act) that is reasonable for investors and their professional advisers to expect to find in a disclosure document.

==> picture [120 x 74] intentionally omitted <==

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.

With authority of the board, this announcement has been authorised for release, by Peter Youd.

Director, Chief Financial Officer and Company Secretary

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

Page 2 of 2