Ann: Notice of Expiry to Option Holders, page-3

Hi Biggles

Just my personal view, I don't think management wanted the options converted, they already secured the funds from a US based investor.

If they wanted the options to get converted they would be telling investors if we raise x million we will secure a factory in the UK that will have x capacity, our plans are to obtain the certification of firestop, launch our own graphene infused resins, HDPE, polymers and rubbers.

The would also be very active with providing investors details of our 70+ customers telling use we expect to have x sales this year, then detail this is why the company secured $800k in government funding to go toward automating, drying and bagging at Henderson.

I am sure if WG came out and exercised his options now, (around $2mil) it would build significant confidence into the future of FGR.