First Graphene Ltd. — Director's Dealing 2005

Sep 29, 2005

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity	Tolhurst Noall Group Ltd (Tolhurst)
ABN 50 007 870 760

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Gerald Andrew McDouall
Date of last notice	2 June 2004

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest	2,666,737 ordinary shares held bу.
(including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Balgreggan Financial Investments Limited, a company controlled by Mr McDouall
Date of change	22 September 2005 (transfer of 1,905,885) Tolhurst shares) and 26 September 2005 (transfer of 760,852 Tolhurst shares)
No. of securities held prior to change	2,666,737
Class	ORD
Number acquired	Nil
Number disposed	2,666,737
Value/Consideration Note: if consideration is non-cash, provide details and estimated valuation	No consideration applicable
No. of securities held after change	Nil

$\pm$ See chapter 19 for defined terms.

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back-	Off market transfer.
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Part 2 – Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to
which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

⁺ See chapter 19 for defined terms.