Graphite India Ltd. — Capital/Financing Update 2018

Sep 1, 2018

==============t==========================G==.=&=H=.O=.='=I='=C=;r=w=R==GH~~~~~ROI)=AD'=~~~=LKAJ~==_I~70=0=16=I=.B=I~N~~I=A======== ~ PHONE :913340029600,22265755/4942/4943/5547/2334, 221711451 1146 FAX:913322496420,E-MAILg:ilro@graphiteindia.com WEBSITE:www.graphiteindia.com. CIN:L10101WB1974PLC094602

GIL/SEC/SM/18-19/163 September 1, 2018

BSELimited Corporate Relation Dept. P.J. Towers, Dalal Street Mumbai 400 001. Scrip Code: 509488

National Stock Exchange of India Ltd. "Exchange Plaza", Bandra Kurla Complex, Bandra (East) Mumbai - 400 051. Symbol: GRAPHITE

Dear Sir/Madam,

• Subject: Graphite India's wholly owned subsidiary in Netherlands has signed an investment agreement for acquisition of upto 46% stake in General Graphene Corporation, an unlisted US company involved in development of Graphene for commercial applications.
• Ref Intimation under Regulation 30 of the Securities EXChangr Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

We would like to inform you that the Company's wholly owned subsidiary in Netherlands, Graphite International BV has yesterday signed a definitive Agreement for investment of upto US $ 18.595 mn in multiple tranches in cash in General Graphene Corporation which, on an as converted basis to common stock on a fully diluted basis, would constitute approximately 46% stake in the Company, a US based unlisted company located in Knoxville, Tennessee.

General Graphene is involved in development of Graphene sheets for commercial applications. The investment will be made in multiple tranches based on achievement of agreed milestones in the process of development and establishing manufacturing capabilities for the commercial production of Graphene sheets.

Graphene is a two dimensional sheet of pure carbon structure in a single layer of carbon atoms and though it is chemically identical to both graphite and diamond, it is remarkably different. It is a very versatile material with its key properties being the strongest, thinnest and lightest material known. It is also more conductive, both thermally and electrically, than any other material and known to be corrosion resistant and Impermebble.

Some of the potential applications of this material include Electronics like touch screens; Medicine and bio electric sensory devices; Filtration e.g. Low cost desalination; Composite materials; Energy storage and Aerospace.

The investment in General Graphene is being done with the objective of entering a high technology business with excellent prospects, subject to successful commercial development. The investment does not fall within related party transaction and none of Graphite's promoter / promoter group / group companies have interest in General Graphene Corporation. No regulatory approvals are required.

Lodha Capital Markets Ltd has acted as the financial advisor to the company for this transaction.

This is for your information and records.

Thanking You

Yours truly, For Graphite India Limited ~~

S. Marda Assistant Company Secretary