First Graphene Ltd. — Capital/Financing Update 2012

Mar 6, 2012

7 March 2012

STRICTLY PRIVATE AND CONFIDENTIAL

The Manager Company Announcements Office ASX Limited Level 4, North Tower, Rialto 525 Collins Street MELBOURNE VIC 3000

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ABN 50 007 870 760

C/-Salmon Giles Pty Ltd Level 2 409 St Kilda Rd Melbourne VIC 3004

T (03) 9820 2322 F (03) 9820 2158

By Fax: 1300 135 638

MONETISATION OF CONTINGENT ASSET

The Board of Robe Australia Limited ( ASX: ROBE ) ( Robe ) is pleased to provide the following update in relation to the existing contingent assets disclosed by Robe in the 2011 Annual Report.

(i) Background

Note 28 of the Robe 2011 Annual Report disclosed that Robe holds contingent assets of approximately $700,000 (2010:$700,000) relating to outstanding client debts and that Robe is undertaking proceedings against debtors for recovery of theses debts, however there is no certainty this will occur.

There are two (2) specific debts that Robe is seeking to recover.

(ii) Resolution of Recovery of one debt

Robe is pleased to advise that it has resolved and executed a Deed of Settlement ( Deed ) in relation to the recovery of one (1) of the outstanding debts.

The terms of the settlement are confidential, however the key financial outcomes for Robe are that the Debtor has agreed to pay to Robe the sum of $240,000.00 (comprising a combination of lump sums and a long-term instalment plan) in full and final satisfaction of the proceedings, inclusive of interest and costs.

(iii) Update on outstanding debt

The Board continues to pursue recovery from the other outstanding debtor. Proceeds from this debtor are the subject of a property sale which has not yet completed and which is also the subject of a secured charge. The Board anticipates at this time that the carrying value of this contingent asset is $460,000.

Yours faithfully

Peter Bolitho Company Secretary