Ann: Offtake Signed with Thyssenkrupp, page-2

Woohoo great announcement!

4 JUNE 2020ASX: EGRENGINEERED FOR PERFORMANCETerm Sheet with thyssenkrupp Materials Trading Sales for 50% of Planned Kwinana ProductionEcoGraf Limited (EwcoGraf or the Company) (ASX: EGR) is pleased to announce it has executed a non - binding agreement with thyssenkrupp Materials Trading GmbH, a subsidiary of major German technology group thyssenkrupp AG, for a long-term commercial agreement for the sale of Company’s battery graphite products from its planned Kwinana Facility located in Western Australia.The agreement is for the sale of purified spherical graphite (SpG) battery anode material and by- product (fines).Key Terms:• Phased sales volumes:➢ Year 1:➢ Year 2:➢ Year 3 onwards:2,310 tonnes of SpG and 2,310 tonnes of fines.3,600 tonnes of SpG and 3,600 tonnes of fines. 10,020 tonnes of SpG and 10,020 tonnes of fines.• Term of 10 years from the commencement of production, renewable by mutual agreement.• Prescribed specification requirements, based on agreed carbon content, particle sizing,moisture, pH value, particle sizing, tap density and specific surface area.thyssenkrupp, Materials Trading one of the world’s leading commodity trading companies, is a subsidiary of the global thyssenkrupp corporate group. thyssenkrupp AG is a technology group headquartered in Germany with approximately 160,000 employees in nearly 80 countries that generated sales of around €42 billion in the last financial year.EcoGraf’s Managing Director, Mr Andrew Spinks said, “The signing of the agreement involving the sale of value-added battery mineral products is a milestone event for our Company and supports recent Federal and State Government initiatives to encourage battery manufacturing in Australia.”“The agreement represents a significant step forward in our efforts to secure funding for the new Kwinana facility and confirms the increasing demand by customers for environmentally responsible graphite purification, which is attracting strong interest from electric vehicle, lithium- ion battery and battery anode manufacturers who are seeking to improve the sustainability of their battery mineral supply chains.”This announcement is authorised for release by Andrew Spinks, Managing Director.