First Graphene Ltd. — Director's Dealing 2022

Sep 1, 2022

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 GRAPHENE 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	Michael Bell
Date of last notice	28 September 2021

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/A
Date of change	2 September 2022
No. of securities held prior to change	134,000 fully paid ordinary shares (ASX Code: FGR) 5,000,000 Unlisted Options exercisable at $0.25 by 8 November 2023 (“Unlisted Options”) (FGRAB). • 2,000,000 of the options will vest on the first anniversary of employment (11th January 2022) and • 3,000,000 of the options will vest on the second anniversary of employment (11th January 2023)
Class	As set out below
Number acquired	1,029,979 Performance Rights (ASX Code: FGRAC) 1,029,979 fully paid ordinary shares (ASX Code: FGR)
Number disposed	1,029,979 Performance Rights (ASX Code: FGRAC)

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	AUD 123,597
No. of securities held after change	1,163,979 fully paid ordinary shares (ASX Code: FGR) 5,000,000 Unlisted Options exercisable at $0.25 by 8 November 2023 (“Unlisted Options”) (FGRAB). • 2,000,000 of the options will vest on the first anniversary of employment (11th January 2022) and • 3,000,000 of the options will vest on the second anniversary of employment (11th January 2023)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	1,029,979 Performance Rights(ASX Code: FGRAC)allocated under the Incentive Award Plan as per the Appendix 3G released to the market on 2 September 2022. 1,029,979 Performance Rights(ASX Code: FGRAC) converted to fully paid ordinary shares(ASX Code: FGR)

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 Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
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 clearance was required?

N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

If so, was prior written clearance provided to allow the N/A trade to proceed during this period? If prior written clearance was provided, on what date was N/A this provided?

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3