First Graphene Ltd. — M&A Activity 2007

Aug 1, 2007

ASX Announcement

Thursday, 2 August 2007

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Tolhurst proposed acquisition of ComCorp - Update

Further to the ASX announcement on 12 June 2007, Tolhurst Group Limited (Tolhurst) (ASX: TNL ) advise it is progressing with the proposed acquisition of long-established independent financial planning group, Community & Corporate Financial Services Pty Ltd (ComCorp).

In accordance with the signed non-binding Term Sheet, both parties are progressing with the following items, which are conditions of the Term Sheet:

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• Completion of due diligence;

• Agreement on an integrated business plan for the 2008 financial year;

• Agreement on, and signing of, formal transaction documentation;

• The Completion of Executive Service Agreements by Key executives signing;

• Organisation of respective general meetings for approval of the transaction by ComCorp and Tolhurst shareholders.

Subject to all conditions being met, the effective date of control by Tolhurst is now expected to be 1 October 2007. The transaction is expected to settle on that date.

The ComCorp group is Brisbane based with offices throughout the major capitals and regional areas of Eastern Australia from Cairns to Melbourne. The ComCorp group is owned by its Directors, Advisers and Credit Unions. ComCorp has a network of quality advisers and enjoys strong and unique relationships with several large member-based organisations including credit unions and industry superannuation funds.

The proposed acquisition reflects Tolhurst’s strategic vision to further expand its geographical presence on the east coast of Australia and strengthen its wealth management activities.

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