First Graphene Ltd. — Capital/Financing Update 2016

May 17, 2016

==> picture [333 x 175] intentionally omitted <==

MARKET RELEASE

18 May 2016

First Graphite Limited

TRADING HALT

The securities of First Graphite Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Friday 20 May 2016 or when the announcement is released to the market.

Security Code: FGR

Jill Hewitt

SENIOR ADVISER, LISTINGS COMPLIANCE (PERTH)

Level 40 Central Park 152-158 St Georges Terrace Perth WA 6000

www.asx.com.au Phone:08 9224 0000 Customer service 13 12 79

ASX Compliance Pty Limited ABN 26 087 780 489

==> picture [311 x 35] intentionally omitted <==

18 May 2016

Mr Ben Tippett

Adviser, Listings Compliance (Perth) ASX Compliance Pty Ltd Level 40, Central Park, 152-158 St Georges Terrace Perth WA 6000

By Email Only

Dear Ben

The Directors of First Graphite Limited, (ASX Code: FGR) request a Trading Halt in the Company’s securities.

As required by ASX Listing Rule 17.1, FGR provides the following information:

• The Trading Halt is requested pending the release of an announcement concerning a capital raising;

• The Trading Halt is requested for the period ending 8.00am on Friday 20 May 2016;

• It is expected the trading halt will end following the release of the announcement concerning a capital raising;

• FGR is not aware of any reason why the Trading Halt should not be granted; and

• FGR has no other information necessary to inform the market about the Trading Halt.

Yours sincerely

==> picture [126 x 97] intentionally omitted <==

Peter R. Youd Executive Director

Chief Financial Officer & Company Secretary

Business & Corporate Office First Graphite Limited ABN: 50 007 870 760 ACN: 007 870 760 Suite 3 9 Hampden Road Nedlands WA 6009 T +61 1300 660 448 F +61 1300 855 044

Subsidiaries:

Sri Lanka

MRL Investments (Pvt) Ltd PV 92247 3[rd] Floor 460-3/1 Galle Road Colombo – 03 Sri Lanka

Sri Lanka

MRL Graphite (Pvt) Ltd PV92009

3[rd] Floor 460-3/1 Galle Road Colombo – 03 Sri Lanka

T: +94 11 432 4064 E: info@mrltd.com.lk

T: +94 11 432 4064

E info@firstgraphite.com.au W www.firstgraphite.com.au