First Graphene Ltd. — Regulatory Filings 2021

Nov 2, 2021

ASX ANNOUNCEMENT

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3[rd] November 2021

Bitumen masterbatch formulation added to PureGRAPH[®] product range

HIGHLIGHTS

• Third masterbatch product formulation released for use in road and asphalt applications

• Designed to fit into existing production lines for ease of use and faster industry adoption of graphene solutions

• Expands First Graphene’s range of masterbatch offerings

First Graphene Limited (ASX:FGR; “First Graphene” or “the Company”) is pleased to announce the release of PureGRAPH[®] MB-EVA Bitumen, a graphene-loaded carrier masterbatch for blending into asphalt mixture.

Designed to improve mechanical properties and stability of roads and other asphalt surfaces, the masterbatch can also be added to bitumen storage tanks to create a graphene-enhanced polymer modified binder without the need for high shear mixing.

Masterbatches are formulated to allow product manufacturers to easily incorporate graphene additives into their manufacturing processes.

PureGRAPH[®] MB-EVA Bitumen is a graphene enhanced Ethylene-Vinyl Acetate (EVA) masterbatch, which takes advantage of First Graphene’s few-layer, high-performing graphene additives.

The new formulation further extends First Graphene’s masterbatch product range to cater for yet another large, globally significant industrial application. While grapheneenhanced asphalts have undergone trials by other providers in Europe and the UK, First Graphene’s PureGRAPH[®] MB-EVA Bitumen formulation is the first solution available for widespread commercial applications.

The masterbatch formulation utilises the Company’s proven PureGRAPH[®] graphene product, which is manufactured to precise standards and at tonnage volumes.

Michael Bell, Managing Director and CEO of First Graphene said: “PureGRAPH[®] MBEVA Bitumen further extends the Company’s masterbatch range to cater directly for another major global industry, which is valued at more than US$60 billion with a strong growth trajectory predicted over coming years. First Graphene’s masterbatch products are designed to enable easy incorporation of PureGRAPH[®] enhanced carriers into common materials without the need for specialist equipment or significant changes to production processes. The Company continues to work with industry to develop solutions, educate manufacturers on the many benefits of graphene and therefore build faster paths to market.”

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ASX ANNOUNCEMENT

Investors

Michael Bell

Chief Executive Officer First Graphene Limited michael.bell@firstgraphene.net + 61 1300 660 448

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Media

Simon Shepherdson

General Manager Media Spoke Corporate simon@spokecorporate.com + 61 413 809 404

About First Graphene Ltd (ASX: FGR)

First Graphene Ltd. is the leading supplier of high-performing, graphene products. The company has a robust manufacturing platform based upon captive supply of high-purity raw materials and an established 100 tonne/year graphene production capacity. Commercial applications are now being progressed in composites, elastomers, fire retardancy, construction and energy storage.

First Graphene Ltd. is publicly listed in Australia (ASX:FGR) and has a primary manufacturing base in Henderson, near Perth, WA. The company is incorporated in the UK as First Graphene (UK) Ltd. and is a Tier 1 partner at the Graphene Engineering and Innovation Centre (GEIC), Manchester, UK.

PureGRAPH[®] Range of Products

PureGRAPH[®] graphene powders and PureGRAPH[®] AQUA pastes with lateral platelet sizes of 50μm, 20μm, 10μm and 5μm, as well as PureGRAPH[®] MB-LDPE 20-30 and PureGRAPH[®] MB-EVA masterbatches for thermoplastics, and PureGRAPH[® ] MB-EVA Bitumen masterbatch, are available in tonnage volumes. The products are high performing additives, characterised by their high quality and ease of use.

First Graphene Limited Directors: Trading Symbols ABN 50 007 870 760 Warwick Grigor Australia: FGR Dr Andy Goodwin Frankfurt: FSE:M11 1 Sepia Close Michael Quinert USA OTCQB: FGPHF Henderson WA 6166 Michael Bell T: +61 1300 660 448 E: info@firstgraphene.net W: firstgraphene.net

With authority of the board, this announcement has been authorised for release by Aditya Asthana, Chief Financial Officer and Company Secretary.

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