First Graphene Ltd. — Director's Dealing 2017

May 23, 2017

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: FIRST GRAPHITE 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	Christopher Adam Banasik
Date of last notice	24 December 2015

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	Indirect	Indirect	Indirect
	Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.			Geo Ban Consulting Pty Ltd is a companyof which Christopher Adam Banasik is adirector.
				Acquisition - 21 May 2017Disposal – Exercise of Options - 21 May2017, Expiry of Options – 22 May 2017
	Date of change			Disposal – ExeEi f	rcise of Options - 21Oti M
				2017, xpry o	pons – 22 ay 2
	No. of securities held pr	ior to change		772,727 fully p1636364 listed	aid ordinary shares (Shoptions exercisable at	ares)$0.10
				,,on or before 21	May 2017 (Options).
	Class			Acquisition - SDisposal - Opti	haresons
						00,000
	Number acquired			100,000 SharesOptions at $0.1	through exercise of 10
Number disposed	Number disposed			100,000 Options exercised1,536,364 Options expired

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Acquisition - $10,000Disposal - Nil
No. of securities held after change	872,727 fully paid ordinary shares
	Acquisition - 100,000Shareson exercise of
Nature of change	100,000 Options
Example: on-market trade, off-market trade, exercise of options,
issue of securities under dividend reinvestment plan, participation inbuy-back	Disposal – Expiry of 1,536,364 Options and
	exercise of 100,000 Options.

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 which
interest related prior to change	N/A
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
Note: If consideration is non-cash, provide details	N/A
and an estimated valuation
Interest after change	N/A

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above traded during a[+] closed period where prior written N/A 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?

22 May 2017

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011