First Graphene Ltd. — Capital/Financing Update 2011

Jun 28, 2011

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29 June 2011

The Manager Company Announcements Office ASX Limited Level 45, South Tower, Rialto 525 Collins Street MELBOURNE VIC 3000

Announcement of Rights Issue

Robe Australia Limited ( Robe ) is pleased to announce a non-renounceable rights issue of fully paid ordinary shares to existing shareholders at a price of 0.5 cents per new share, on the basis of 2 new shares with an attaching 1:1 free option exercisable at 1 cent on or before 31 December 2014 for every 3 shares held ( Rights Issue ). The Rights Issue will be made under a prospectus to be lodged later today with the Australian Securities and Investments Commission ( ASIC ) ( Prospectus ). The Rights Issue will be open to existing shareholders of Robe with registered addresses in Australia and New Zealand as at Thursday, 7 July 2010 ( Record Date ).

Rights Issue

The Rights Issue comprises an offer to existing shareholders of 2 new shares with an attaching 1:1 free option exercisable at 1 cent on or before 31 December 2014 for every 3 shares held as at the Record Date. Under the Rights Issue, Robe will issue approximately 182,419,135 new ordinary shares to raise approximately $912,096 before expenses. The new shares issued will rank equally with existing ordinary shares in Robe. Robe will also issue approximately 182,419,135 new options. The new options will rank equally with existing options.

As Robe is not currently carrying on any business, funds raised from this Rights Issue will be used to enable Robe to undertake a number of due diligence programs with a view to identifying appropriate investment opportunities and to supplement the working capital reserves of Robe.

This is essentially the finalisation of the first stage of Robe’s restructure as it moves to indentify and assess an appropriate investment for the company following the recent completion of two placements.

Level 2, 409 St Kilda Rd, Melbourne Vic 3004. ABN 50 007 870 760. Telephone: (03) 9820 2322. Fax: (03) 9820 2158

Underwriting

This Rights Issue is underwritten.

Timetable

Robe expects the Rights Issue to be conducted according to the following timetable:

**Lodgement Date –**The date of lodgement of the Prospectus	Wednesday,
with ASX and ASIC.	29 June 2011
**Ex Date –**The date on which Robe shares commence trading	Friday,
without the entitlement to participate in the Rights Issue.	1 July 2011
**Record Date –**The date for determining entitlements of Robe	Thursday,
shareholders to participate in the Rights Issue (at 5:00pm).	7 July 2011
**Prospectus sent to Shareholders –**Anticipated despatch of	Tuesday,
Prospectus and Entitlement and Acceptance Forms.	12 July 2011
**Closing Date –**The last day for receipt of acceptances and	Tuesday,
payment (at 5:00pm).	26 July 2011
**Despatch Date –**Anticipated date new shares and new options	Wednesday,
issued pursuant to the Rights Issue will be entered into	3 August 2011
uncertificated accounts.
**First Trading Date –**Trading of new shares and new options	Thursday,
commences.	4 August 2011

Robe reserves the right to change this timetable subject to the ASX Listing Rules, Corporations Act 2001.

A Prospectus for the Rights Issue will be lodged later today with ASIC and ASX and will be available on Robe’s website at www.robeaus.com.au, and on the website of ASX at www.asx.com.au.

By order of the Board.

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Peter Reilly Chairman and Director Robe Australia Limited

Level 2, 409 St Kilda Rd, Melbourne Vic 3004. ABN 50 007 870 760. Telephone: (03) 9820 2322. Fax: (03) 9820 2158