First Graphene Ltd. — Capital/Financing Update 2020

Jun 11, 2020

ASX Announcement

12 June 2020

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Entitlement Issue Closes Fully Subscribed

HIGHLIGHTS

• Successful $6.2m raising from entitlements issue with shareholders contributing ~$4.4m (70%).

• Firm commitments have been received for the placement of the shortfall.

• Confirms strong interest from existing shareholders and third-party investors in FGR’s progress as the world’s leading graphene company.

• The Company with its strongest financial position to date is well positioned to expand the sales book for PureGRAPH[®] products.

Advanced materials company, First Graphene Limited (“FGR” or “the Company”) (ASX: FGR) is pleased to confirm its nonrenounceable entitlement issue closed on 9 June 2020, receiving strong support from existing shareholders and high interest in the shortfall.

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Pursuant to the prospectus announced on 1 May 2020, eligible shareholders were offered one fully paid ordinary share ( Shares ) for every ten shares held at the record date at an issue price of $0.13 with one free attaching option (ASX:FGROC) for every Share subscribed for.

The Company confirms eligible shareholders subscribed for 18,931,827 Shares as part of their entitlements, representing 40% of all Shares offered under the Offer, being 47,508,978 Shares.

Eligible shareholders who applied for their full entitlement were also able to apply for shortfall in excess of their entitlement, and these applications totalled a further 14,559,643 Shares.

The remaining shortfall of 14,017,508 Shares received high interest and the book was closed in less than 24 hours.

The Company intends to issue the Shares and Options under the entitlement issue, including the shortfall, on 16 June 2020.

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Craig McGuckin, Managing Director for First Graphene Ltd, said, “The overwhelming support from shareholders and third-party investors is appreciated and confirms FGR’s progress as the world’s leading graphene company. With a robust manufacturing platform and a high quality, low defect product available in bulk quantities FGR is receiving strong interest from a variety of industries for incorporation of graphene into their materials.”

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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 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.

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

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