Ann: Non-Renounceable Issue Shortfall Notice, page-23

Hi FR

I think you might have to revise your graphene sale price of $5000/t up quite a bit?

According to TLG's Investor Presentation at the RIU Conference in May:

Quote

"Exponential patent growth evidences development curve but mainstream market in infancy and awaiting lower cost supply (costs range widely $100kg to $1500kg or more depending on supply, quality and performance factors)"

Also in the Manchester Presentation slide 8, it mentioned 10-20% bulk graphene platelets production up from 10% in previous presentations.

All looking very good IMO.

Regards

Steve