Mr. Craig Nicol reports

THERMAL-XR(R) SALES IN THE UNITED STATES TO COMMENCE AFTER GMG RECEIVES U.S. EPA APPROVAL

The United States Environmental Protection Agency (EPA) has now approved the import and sale of Graphene Manufacturing Group Ltd.'s Thermal-XR graphene based coating system in the United States.

The EPA has issued a consent order for premanufacture notice PMN P-25-0018 in accordance with Section 5(e) of the Toxic Substances Control Act, 15 U.S.C. 2604(e). Under the order, Graphene Manufacturing is authorized to export, distribute, sell, use and dispose of the chemical substance described in the premanufacture notice submitted by the company, and which is used in Graphene Manufacturing's Thermal-XR Enhance graphene-based coating system for various applications including heating venting air conditioning and refrigeration (HVAC-R), data centres, liquified natural gas plants (LNG), automotive and electronics, amongst others in the United States in accordance with the requirements and conditions set out in the order (the new chemical substance).

Graphene Manufacturing supplies its Thermal-XR graphene coating product for the HVAC-R equipment market to its exclusive North American distributor, Nu-Calgon Wholesaler Inc., which is marketed and sold as "Nu-Calgon CoolWorx powered by GMG Graphene." As a result of the order, Graphene Manufacturing, together with Nu-Calgon, is now able to commence commercial sales of Thermal-XR products into the U.S. for industrial use, subject to and in accordance with the requirements and conditions of the order.

The first shipment of Thermal-XR will now be sent to Nu-Calgon for distribution in North America.

Craig Nicol, chief executive officer and managing director of the company, commented, "We believe that this EPA consent order is a major milestone for GMG as it allows us, together with our exclusive North American distributor Nu-Calgon, to commence commercial sales of Thermal-XR in we what we see as the largest HVAC-R coating market in the world."

Jack Perkowski, chairman and non-executive director of the company, commented: "With regulatory clearance now in place, we believe that we can begin converting the strong interest that we have seen from customers into revenue, while leveraging Nu-Calgon's extensive distribution network to reach across the North America to scale Thermal-XR Enhance/CoolWorx deployment over time. We believe that GMG is one of the few companies to have received EPA approval for the export and sale of an unlimited amount of a graphene-based product in the United States of America."

About Thermal-XR Enhance powered by GMG Graphene

Thermal-XR Enhance coating system is a unique method of improving the conductivity of corroded heat exchange surfaces and improving and maintaining the performance of new units at peak levels. The process coats and protects heat exchange surfaces while improving and rebuilding the lost corroded thermal conductivity and increasing the heat transfer rate by leveraging the physics of GMG Graphene, resulting in an efficiency improvement and a potential power reduction.

Thermal-XR Enhance is now patented for 20 years in Australia and is expected to be patented in other countries around the world.

About Graphene Manufacturing Group Ltd.

Graphene Manufacturing is an Australian-based clean-technology company which develops, makes, and sells energy-saving and energy-storage solutions, enabled by graphene manufactured via in-house production process. Graphene Manufacturing uses its own proprietary production process to decompose natural gas (that is, methane) into its natural elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high-quality, low-cost, scalable, tuneable and low-/no-contaminant graphene suitable for use in clean technology and other applications.

The company's present focus is to derisk and develop commercial scale-up capabilities and secure market applications. In the energy savings segment, Graphene Manufacturing has initially focused on graphene-enhanced heating, ventilation and air conditioning (HVAC-R) coating (or energy-saving coating) which is now being marketed into other applications including electronic heat sinks, industrial process plants and data centres. Another product Graphene Manufacturing has developed is the graphene lubricant additive focused on saving liquid fuels initially for diesel engines.

In the energy storage segment, Graphene Manufacturing and the University of Queensland are working collaboratively with financial support from the Australian government to progress R&D (research and development) and commercialization of graphene aluminium-ion batteries (G plus AI batteries). Graphene Manufacturing has also developed a graphene additive slurry that is aimed at improving the performance of lithium-ion batteries.

Graphene Manufacturing's four critical business objectives are:

• Produce graphene and improve/scale cell production processes;
• Build revenue from energy-savings products;
• Develop next-generation battery;
• Develop supply chain, partners and project execution capability.

We seek Safe Harbor.