First Graphene Ltd. — Director's Dealing 2007

Jul 15, 2007

Appendix 3Y Change of Director’s Interest Notice

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	David Browne
Date of last notice	5thOctober 2006

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	Registered holder Dathpa Pty Ltd is a
(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	company David Browne is a Director of andwith fellow Tolhurst Director Peter Reilly
	holds a controlling interest in.
Date of change	12thJuly 2007 (finalisation of rights issue)
No. of securities held prior to change	Indirect interest in 27,289,779 Ordinary
	Shares
	Indirect interest in 1,000,000 Unlisted
	options over Ordinary Shares.
Class	Ordinary shares
Number acquired	3,411,223 Ordinary shares
Number disposed	Nil
Value/Consideration	$1,705,611.50
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after change	Indirect interest in 30,701,002 Ordinary
	shares.

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Nature of change	Completion of issue of securities under rights
Example: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	offer.

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.

Appendix 3Y Page 2

11/3/2002