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.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	Craig Robert McGuckin
Date of last notice	21 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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	CLEMM Pty Ltd is a company of whichCraig Robert McGuckin is a director.Craig Robert & Lee Ann McGuckin <ATFMcGuckin Family Trust>Craig Robert & Lee Ann McGuckin <ATFMcGuckin Superannuation A/c>
Date of change	16 May 2014

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	No. of securities held prior to change	CLEMM Pty LtdIndirect interest in 5,000,000 unlistedoptions exercisable at 20cps expiring 17October 2016Jointly held Craig Robert and Lee AnnMcGuckin 3,686,547 fully paid ordinary shares,400,000 listed options exercisable at20cps expiring 17 October 2016 and620,109 unlisted options exercisable at20cps expiring 17 October 2016Jointly held Craig Robert and Lee AnnMcGuckin<ATFMcGuckinSuperannuation A/c>250,000fullypaidordinaryshares,250,000 listed options exercisable at20cps expiring17October 2016
Class		Fully paid ordinary shares.Unlisted options exercisable at $0.10 on orbefore 21 May 2017.
Number acquired		3,149,239 fully paid ordinary shares5,000,000 Unlisted options exercisable at$0.10 on or before 21 May 2017.
Number disposed		-
Value/ConsiderationNote: If consideration is non-cash,valuation	provide details and estimated	$78,730.98

• See chapter 19 for defined terms. Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

CLEMM Pty LtdIndirect interest in 5,000,000 unlistedoptions exercisable at 20cps expiring 17October 2016Jointly held Craig Robert and Lee AnnMcGuckin 6,635,786 fully paid ordinary shares,400,000 listed options exercisable at20cps expiring 17 October 2016 and620,109 unlisted options exercisable at20cps expiring 17 October 20165,000,000 Unlisted options exercisable at$0.10 on or before 21 May 2017.Jointly held Craig Robert and Lee AnnMcGuckin<ATFMcGuckinSuperannuation A/c>450,000fullypaidordinaryshares,250,000 listed options exercisable at20cps expiring 17 October 2016

Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back

Entitlement issueShareholder 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(if issued securities)	N/A
Date of change	N/A
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

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

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011