First Graphene Ltd. — M&A Activity 2007

Apr 1, 2007

ASX Announcement Embargo until 16.00 on 2/4/07

Tolhurst completes purchase of remaining shares in Tolhurst Noall Financial Planning (Queensland) Ply Lid "TNFPQ"

Melbourne April 2 2007: TNFPQ has become a wholly owned subsidiary of the Tolhurst Noall Group 'Tolhurst'. The company has completed the acquisition of the remaining 60% of TNFPQ.

Tolhurst announced the acquisition of a 40% interest in TNFPQ on 15th November 2005. The acquisition of the remaining 60% of TNFPQ is in accordance with a publicly announced strategy to increase the diversity and quality of revenue through acquisitions that are earnings accretive. The completion of the acquisition of 100% of TNFPQ reaffirms the commitment of Tolhurst to grow and develop the Wealth Management business.

The purchase of the 60% interest in TNFPQ for \$537,000 was in accordance with an agreement to purchase the remaining shares by 31st May 2008 and at a price determined by a business performance related formula.

Tolhurst will continue to expand the diversity and quality of revenue through acquisition of businesses that are earnings accretive.

The purchase of the remaining 60% of TNFPQ will enable the accelerated integration and growth of the wealth management business.