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 Thomas Reilly
Date of last notice	18 December 2013

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.	Port Devon Limited is a company ofwhich Peter Reilly is a DirectorParmelia Pty Ltd is a company of whichPeter Reillyis a Director
Date of change	16 May 2014
No. of securities held prior to change	Port Devon Limited – Indirect Interest In760,289 Fully paid Ordinary Shares212,905 Listed options exercisable at40cps expiring 31 December 2014Parmelia Pty Ltd – Indirect Interest In888,890 Fully paid Ordinary Shares138,890 Listed options exercisable at40cps expiring 31 December 2014750,000 Listed options exercisable at20cps expiring 17 October 2016500,000 Unlisted options exercisable at20cps expiring17October 2016

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	Fully paid Ordinary SharesUnlisted options exercisable at $0.10 on orbefore 21 May 2017.
Number acquired	1,569,344 Fully paid Ordinary Shares1,250,000 Unlisted options exercisable at$0.10 on or before 21 May 2017.
Number disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$32,983.60
No. of securities held after change	Port Devon Limited – Indirect Interest In1,368,521 Fully paid Ordinary Shares212,905 Listed options exercisable at40cps expiring 31 December 2014Parmelia Pty Ltd – Indirect Interest In1,850,002 Fully paid Ordinary Shares138,890 Listed options exercisable at40cps expiring 31 December 2014750,000 Listed options exercisable at20cps expiring 17 October 2016500,000 Unlisted options exercisable at20cps expiring 17 October 20161,250,000 Unlisted options exercisable 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	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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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
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.

01/01/2011 Appendix 3Y Page 3