First Graphene Ltd. — Share Issue/Capital Change 2021

May 26, 2021

ASX ANNOUNCEMENT

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27 May 2021

Cleansing Statement

Advanced materials company, First Graphene Limited (“ FGR ” or “t he Company ”) (ASX: FGR) advises that it has approved and issued 3,821,276 Shares (ASX Code: FGR) on 27 May 2021, in accordance with the terms of its Subscription Agreement with Specialty Materials Investments, LLC, which was announced to the market on 27 May 2021. Pursuant to the Company’s capacity under Listing Rule 7.1, the issues of these shares do not require shareholder approval.

An Appendix 2A in this regard follows this announcement.

The Company gives notice pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ) that:

1. the Company issued the securities without disclosure under Part 6D.2 of the Corporations Act; and

2. as at the date of this notice, the Company has complied with:

   • the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

   • section 674 of the Corporations Act; and

3. as at the date of this notice, there is no information to be disclosed which is excluded information (as defined in section 708A(7) of the Corporations Act) which is required to be disclosed by the Company.

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ASX ANNOUNCEMENT

Investors

Aditya Asthana

Company Secretary

First Graphene Limited aditya.asthana@firstgraphene.net + 61 1300 660 448

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Media

Luke Derbyshire Managing Director

Spoke Corporate luke@spokecorporate.com + 61 488 66 42 46

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 are available in tonnage volumes with lateral platelet sizes of 50μm, 20μm, 10μm and 5μm. The products are high performing additives, characterised by their high quality and ease of use.

First Graphene Limited

ABN 50 007 870 760

1 Sepia Close Henderson WA 6166 T: +61 1300 660 448 E: info@firstgraphene.net W: firstgraphene.net

Directors:

Warwick Grigor Michael Quinert Dr Andy Goodwin

Trading Symbol

Australia: FGR FGROC Frankfurt: FSE:M11 USA OTCQB: FGPHF

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