First Graphene Ltd. — Investor Presentation 2018

Nov 22, 2018

Delivering the Graphene Revolution to Industry

Timeline of Achievements

April 2015 First graphene produced in test work at University of Adelaide

Sept 2016 Graphene Cell pilot plant (5 tpa) commissioned, verifying the production process

May 2017 Optimisation increased capacity of cell to 10 tpa Dec 2017 Opening of commercial scale production facility (90-100 tpa) Commissioning completed March 2018

June 2018

Joined with University of Manchester at GEIC

Sept 2018 Launch of PureGRAPH™ range of graphene products

Q4 2018 Series of product releases and industry sales

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Delivering to the Market is the Priority

We have to deliver to the stock market – shareholders and investors, and we are doing it now

• We have the production capacity

• We have the quality

• Now we want the revenue

We have to deliver to industrial customers

• We have to demonstrate the benefits of adding PureGRAPH™

• We have to show them how to add PureGRAPH™

• And now we are starting to sell them product

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High Quality PureGRAPH™

Consistent, high performing and easy to use

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• Graphene platelets with low defects & high sp[2] carbon levels.

• High aspect ratio products contain high levels of few layer graphene primary particles.

• PureGRAPH™ powders have well controlled particle sizes at 5µm, 10µm and 20µm for consistent and repeatable performance.

• PureGRAPH™ powders disperse readily and easily in solvents, polymer resins, rubber and water based formulations.

• High purity carbon materials.

• Published representative, analytical data for all products.

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Graphene Bagged for Shipment

Product palletised and ready for shipment

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Henderson Graphene Production Facility

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Why is Graphene So Good?

1. Thinnest material known to man one atom thick

2. Strongest material

200x stronger than steel

3. Best electrical conductor

• 100x greater than copper

The amazing qualities of graphene

4. Best thermal conductor

for dispersion of heat, better anything else

5. Most impermeable material even helium atoms cannot squeeze through

6. Flexible

can stretch up to 20% of its length

7. Transparent

lets 97-98% of light through (glass is only 80-90%)

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Real Commercial Opportunities Industrial Composites

Commercial Product	Enhanced polymer liners for mining equipment
Customer	newGen Group(who supplies BHP, RIO, Fortescue)
Characteristic Sought	Strength and flexibility
Improvements Achieved	37% improvement in tensile strength 100-500% improvement in abrasion resistance
Sales Potential	Global mining equipment market is US$128bn p.a., of which the lining market is US$1.2bn p.a.
Product Readiness	Full scale demonstration liner manufactured. Trials with a large international mining group underway. Moving forward with sales agreement with initial potential for initial sales of several tpa of PureGRAPH™ in 2019
Comment	Commercial sales expected in 2019

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Real Commercial Opportunities

Ben Walker (newGen) and Craig McGuckin (FGR, CEO) standing in the bucket liner

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Real Commercial Opportunities

Industrial Composites

Commercial Product	Enhanced polymers - general
Customer	Multi-national polymer and materials manufacturer, based in Europe
Characteristic Sought	General benefits offered by graphene – strength, flexibility
Improvements Achieved	Subject to testing
Sales Potential	Company has annual sales of approx. US$1.5bn p.a.
Product Readiness	Purchased multi-kilogram quantities of PureGRAPH™ products to begin a programme of graphene technology enhancement in polymer products.
Comment	Testing program could take up to 12 months

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Real Commercial Opportunities

Heat Transfer Fluids

Commercial Product	Next generation of coolants – automotive, computing
Customer	FlexeGRAPH
Characteristic Sought	Thermal dispersion in engine oils and coolant fluids for better efficiency
Improvements Achieved	Tests so far show PureGRAPH™5 to be superior additive • Reduced fuel consumption and emissions • Reduced volume of cooling systems
Sales Potential	Australian market was $3bn in 2016, growing to $4.5bn by 2025
Product Readiness	Still in laboratory with larger scale, 1,000 litre batches in 2019
Comment	Testing program on-going and scaling up. Small sales potential in 2019

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Real Commercial Opportunities FireStop™

Commercial Product	Fire retardant coatings/paints
Customer	Negotiating with potential licencees
Characteristic Sought	Thermal dispersion, non-toxicity
Improvements Achieved	Very effective in preventing ignition Avoids the intumescent effect
Sales Potential	Multi-billion dollar international markets
Product Readiness	Preparing for regulatory approvals
Comment	Appears to be a brilliant product, lower cost and more effective, whilst being non-toxic as well.

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FireStop™ fire retardant

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First Graphene Competitor First Graphene FireStop™450 Product 700 FireStop™700 m i c r o n micron micron 2 c o a t s 3 coats 3 coats

Competitor Product 1020 micron 4 coats 13

Real Commercial Opportunities

Fire Retardant Polymers

Commercial Product	Fire retardant to be added to polymer shipping pallets
Customer	European masterbatch company
Characteristic Sought	Improved retardant that satisfies increasing strict environment rules
Improvements Achieved	Extensive tests confirm superior performance using PureGRAPH™
Sales Potential	Multi-billion dollar market
Product Readiness	Awaiting commercial orders
Comment	Cleared all technical hurdles, now awaiting orders

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Real Commercial Opportunities

Maritime Services Sector

Commercial Product	Coatings and anti-fouling paints, cables
Customer	Engage Marine
Characteristic Sought	Longer life of coatings for reduced maintenance costs Less drag when under sail
Improvements Achieved	Still undergoing development
Sales Potential	Multi-billion dollar market
Product Readiness	MoU signed and test work is proceeding
Comment	Potentially very significant for international shipping market

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Real Commercial Opportunities Construction

Commercial Product	Additive to cement products
Customer	Not identified yet.
Characteristic Sought	Improved tensile and compressive strength, and reduced permiability
Improvements Achieved	34% increase in compressive strength 27% increase in tensile strength
Sales Potential	• Pre-cast concrete is US$130Bn • UHPCs is US$900m • Concrete Admixtures is US$18Bn
Product Readiness	Continuing research
Comment	Easily added into the mortar using standard methods

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World Leading Development Partners Universities, customers and distributors

Collaborative Agreements with Four Universities

 GEIC – Graphene Engineering Innovation Centre  Tier 1 partners with access to multinational OEMs in aerospace, engineering, oil & gas  Collaborative projects in composite materials, construction materials and energy storage  Australian Research Council – Graphene Research Hub  Fire retardant coatings & polymers  Concrete strengthening  Composite & rubber strengthening and testing  2D Fluidics Pty Ltd. 50% owned by FGR  Green routes to graphene oxides  Equipment for thin film process chemistries in 2D materials  AUD$1.5 million Australian government CRC-P funding  Development of BEST™battery a disruptive graphene oxide based supercapacitor

Who is First Graphene?

The Board

Warwick Grigor

Non-Executive Chairman

• Respected and experienced mining analyst.

• Graduate of the Australian National University having completed degrees in law and economics.

• Previously Chairman of Canaccord Genuity Australia Limited.

Craig McGuckin Managing Director

• Qualified professional with in excess of 35 years experience in the mining, petroleum and technology industries.

• Held several directorships in private and publicly listed companies.

Peter Youd

Executive Director, CFO & Company Secretary

• Chartered Accountant with extensive experience within the resources, oil and gas services, mining and technology industries.

• For over 35 years has held senior management positions and directorships for publicly listed and private companies in Australia and overseas.

• Bachelor of Business from the W.A Institute of Technology (now Curtin University).

Clive Carver

Non-Executive Director

• UK-based, experienced director

• Qualified corporate treasure

• Previously Head of Finance for finnCap – Broker and Nomad.

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Who is First Graphene?

Strong Technical Expertise

Dr. Andy Goodwin Chief Scientific Officer

• Ph.D. scientist with extensive leadership experience in innovation and new business growth within the specialty chemicals industry

• Strong technical & financial skills – PhD scientist with business school training

• Formerly Business Director – Advanced Materials Division At Thomas Swan & Co Ltd in UK

• Global Science & Technology Manager – Solar, Dow Corning Corporation

Neil Armstrong Chemical Processing Engineer - Henderson

• Strong background in design and manufacture of high performance composite materials and production processes

• Bachelor of Engineering (Hon) in Chemical/Process Engineering

• Experience in continuous technical support and hands-on approach throughout all stages of development and customer support

Paul Ladislaus

Advanced Materials Processing Engineer Manchester

• A Chartered Chemical Engineer with successful experience in operational, project management, R&D and process technology roles.

• Previously involved in leadership of the development and scale-up of new technologies for the production of next generation materials such as carbon nanotubes and graphene.

• Most recently was Process Technology Team Leader – Advanced Materials Division, Thomas Swan & Co Ltd. 19

Issued Capital and Share Price Performance

Shares On Issue 406,332,503	Shares On Issue 406,332,503
Price (19/11/18) (	$) $0.155
Market Cap ($	m) ~$63m
52 Week High (	$) $0.22
52 Week Low (	$) $0.077
Cash (30/9/18) ($	m) $3.4m
Debt ($	m) $0.00

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-28.29%
17.71%
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Volume
(Source Comsec)
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The Bottom Line

How Do You Make Money?

The best way to ensure you make profits out of graphene is to tick these boxes;

Have the lowest capital costs for manufacturing equipment 100 tpa capacity costs < $1m Modular design Have the lowest operating costs Highest grade raw material

Have the bestquality Largest platelet size, lowestdefects

Have access to, or ownership, of the best technology and IP Agreements with Manchester, Swinburne, Adelaide and Flinders Universities

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What Does FGR Offer its Shareholders?

The Best Value Graphene Company on the ASX

o The lowest risk exposure to the exciting graphene revolution o An existing productionfacility

o No intimidating capex requirements (plant already built) o Highest profit margin graphene (due to ultra high grade) o IP Valuable scientific developments and

First Graphene is perfectly positioned to capitalise on the biggest growth story since plastics

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Forward Looking Statements & Disclaimer

This is presentation has been prepared by First Graphene Limited (ACN 007 870 760) (“Issuer”) for the sole purpose of providing an overview of its current prospects and proposed development strategy to recipients (“Recipient”). This presentation and its contents are provided to the Recipient in confidence and may not be reproduced or disclosed in whole or in part to any other person, without the written consent of the Issuer.

The presentation is based on information available to the Issuer as at the date of the presentation. The information contained in this presentation has not been verified by the Issuer nor has the Issuer conducted any due diligence in relation to that information. The presentation contains selected information and does not purport to be all inclusive or to contain all information that may be relevant to the Recipient. The Recipient acknowledges that circumstances may change and this presentation may become outdated as a result. The Issuer accepts no obligation to update or correct this presentation.

This document includes forward-looking statements. When used in this document, the words such as "could," “plan," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are forward-looking statements. Although the Issuer believes that the expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties, and no assurance can be given that actual results will be consistent with these forward-looking statements.

No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of the Issuer, its directors, employees or agents, advisers, nor any other person accepts any liability for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it, including, without limitation, any liability arising from fault or negligence on the part of the Issuer or its directors, employees or agents. Nothing in this Presentation is a promise or representation as to the future. Statements or assumptions in this presentation as to future matters may prove to be incorrect and differences may be material. The Issuer does not make any representation or warranty as to the accuracy of such statements or assumptions.

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It’s all about quality

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