First Graphene Ltd. — Director's Dealing 2014

May 20, 2014

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 30/09/01 Amended 01/01/11

Name of entity: MRL CORPORATION LIMITED 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	Peter Gordon Hepburn-Brown
Date of last notice	13 February 2014

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	Direct or indirect interest	Direct or indirect interest	Direct or indirect interest	Indirect	Indirect	Indirect	Indirect
	Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.				Nakuru Pty Ltd is a company of whichPeter Hepburn-Brown is a director.
	Date of change				5 May 2014
	No. of securities held prior to change				112,000 Fully paid ordinary shares
	Class				Fully paid ordinary sharesUnlisted options exercisable at $0.10 on orbefore 21 May2017.
					uy pa	ornary sares	le at $0.10 on or
					Unlisted obefore 21	ptions exercisabMa201
						y 7.
	Numb	er acquired			89,600 Fu	lly paid ordinaryUnlitd ti	sharesribl t
					1,000,000$0.10 on o	se opor before 21 May	s execsae a2017.
	Number disposed				-
	Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation				$2,240

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	No. of securities held after change
	e	201,600 Fu1,000,000	lly paid ordinary sharesUnlisted options exercis	able at
		$0.10 on or	before 21 May 2017.
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	rade exercise of otions	Entitleme	nt issue
		Shareholder approvals 28 April 2014

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

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed	No
above traded during a+closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the trade	N/A
to proceed during this period?
If prior written clearance was provided, on what date was this	N/A
provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011