32% CAGRGlobal battery market growth

2017-27

～ 500% in graphite supply requiredFor energy storage alone by 2050 – World Bank Group

7% CAGRGlobal expandable graphite

market growth 2017-27

▪ Classified as a critical resource by EU & USA

▪ ~ 70% of Primary graphite & ~90% of Specialty graphite produced by China currently

▪ Strong market for large and jumbo flakes, key demand drivers include:

▪ Tightening Chinese environmental policy ▪ Strong forecast growth in EV adoption and batteries ▪ Shortage of advanced quality projects in production

▪ Global demand of graphite is expected to double by 2027

▪ Increasingly high market entry barriers particularly increasing in high growth, value-adding processing applications. Tirupati an established brand name.

▪ Flake Graphite has been classified as a critical resource by the EU and USA; and India, Europe, USA, Japan are net importers of flake graphite

Graphite Market

TG’s Medium- Term Development Plan

▪ Over 150 graphite applications with strong growth expected in various applications, substantially insulating from market risks

Low CAPEX & OPEX

Established with high

current operating

margins

Environmental & Social Uplift

Implementing and

spearheading green

technologies, materials &

improving lives

Quality Assets &

ResourcesLarge flake, saprolite

deposits, specialist

technologies

Proven Team &

technologies

Strong management with

sector experience

Booming Green SectorMultiple high growth

consuming markets,

essential to green economy

Revenue Generative,

Substantially

De-Risked

Defined Development

Phased growth plans,

organic development

Integrated in the Value

Chain

Natural and specialty

graphite & graphene

Company

THIS DOCUMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS. INVESTORS SHOULD READ THE PROSPECTUS

PUBLISHED BY TIRUPATI GRAPHITE PLC BEFORE INVESTING. INVESTORS SHOULD NOT SUBSCRIBE FOR ANY SHARES

REFERRED TO IN THIS ADVERTISEMENT EXCEPT ON THE BASIS OF THE INFORMATION TO BE CONTAINED IN THE

PROSPECTUS.

Vatomina and Sahamamy Project | Madagascar

(Generating Positive Cash Flows, 81KTPA by 2022)

Producing & selling across the globe – 3,000 TPA –

85% recovery - 85% large flakes – up to 96% Purity

Current Production – 3,000 TPA –

81,000 TPA by 202433 km2 Mining Permit Area – for 40 years,

renewable – with Environment Clearance - land

settled

Permits & Clearances

High quality - large flake – free dig mining saprolite

deposit – lean process – 14 years mine life

established at stage 1 of exploration

Resource

70 km from Toamasina deep sea port – connected

by NH2 – warehouse at port

Logistics

Specialty Graphite Project Graphene & Technology Centre

Downstream & Graphene| India

• 1,200 TPA – Flame Retardant Plant Commissioned

• Orders Executed with positive operating margins

• Product brand ‘CarboflameX’ trademarked & launched

Current Production – 1,200 TPA

• Base set for expansion of Patalganga to 4800 TPA, adding high

purity and micronized graphite facilities

• 28,800 TPA output by 2024, feasibility study completed for

larger project.

Development Plan & Strategy

• Industrial Zone – Connected through roads, near port, raw

material & HR available, near customers

Logistics

• Team benefits from decades of experience in the industry

• High Purity, Expandable, Micronized & Spherical Graphite

products.

• Zero-HF purification process developed and trials completed

Team & Technology

Graphene Processing Tech Developed

• Graphene production capacity of 10kg/day to be established

• Focus and facilities on application development for

graphene

Production & Application Development

• Mineral processing and extractive metallurgy technology

solutions & consultancy services

• 99.99%C graphite production – precursor for graphene

• Technology backbone for the entire group

Other Services

• Feasibility Study completed

• Project approval for land allocation & Gov. support

• Working with various instritutions & industries on

application development

Well Positioned

100+ years Cumulative Experience - expertise in all

aspects of the industry – at all levels of the

Company

Team

- Gross operating margins of >50% established

- Basket Price of US$ 835 per MT achieved

- Technology for separating construction sand as by-

product established

Outcomes from 1st year of operations

from 3000TPA Plant

Early cash flows – modular expansion – established

low CAPEX & OPEX – continued value addition –

organic development – green processes

Development Strategy

• High quality graphene with 2-4 layers and high surface area

• Zero chemical – scalable – cost efficient process established

at 1kg/day scale

IPO Offering DetailsPlacing Price £ 0.45

Minimum IPO fund raise £ 6m

Expected Market Cap on admission £ 33.41m

USE OF FUNDS

Primary, Madagascar – 6000 TPA Plant completion, taking capacity to 9000 TPA

£ 1.3m

Downstream, India – Expansion of Patalganga to 4800 TPA £ 2.4m

Graphene, India – manufacturing & application development facility

£ 1.2m

Working Capital & IPO Costs £ 1.1m

Follow Us:

@TirupatiUK

Website:

www.tirupatigraphite.co.uk

Email on:

admin@tirupatigraphite.co.uk

Follow Us:

@TirupatiUK

Website:

www.tirupatigraphite.co.uk

Email on:

admin@tirupatigraphite.co.uk

This advertisement is approved and issued for the purposes of section 21 of the Financial Services and Markets Act

2000 ("FSMA") by PrimaryBid Limited, a limited private company which is registered in England and Wales with

registered number 08092575 and has its registered office at 21 Albemarle Street, London W1S 4BS, which is

authorised and regulated by the Financial Conduct Authority.

This advertisement sets out certain features of Tirupati Graphite plc and does not purport to provide a full or

complete description of Tirupati Graphite plc, its shares or its future prospects or performance. It may not be

relied upon for any purpose, and no representation or warranty is given as to the accuracy or completeness or

correctness of the information or opinions, description of prospects or projections contained herein.

No part of this advertisement constitutes a recommendation regarding any securities or other investments.

Application for shares may only be made on the basis of the prospectus relating to Tirupati Graphite plc which may

in some respects differ from the information herein. Investors should read the prospectus published by Tirupati

Graphite plc before investing. Investors should not subscribe for any shares referred to in this advertisement

except on the basis of the information contained in the prospectus. In particular, before purchasing any securities

of Tirupati Graphite plc, persons viewing this advertisement should ensure that they fully understand and accept

the risks that are set out in the prospectus.

The price and value of securities and any income from them can go down as well as up. Past performance is not a

guide to future performance and prospective investors may not receive any return from Tirupati Graphite plc.

PrimaryBid Limited, which is authorised and regulated by the Financial Conduct Authority, is acting only for

Tirupati Graphite plc in connection with the matters described in this advertisement and is not acting for or

advising any other person, or treating any other person as its client, in relation thereto and will not be responsible

for providing the regulatory protection afforded to clients of PrimaryBid Limited or advice to any other person in

relation to the matters contained herein.

PrimaryBid Limited nor any of its respective affiliates, accepts any responsibility or liability whatsoever for or

makes any representation or warranty, express or implied, as to this advertisement, including the truth, accuracy

or completeness of the information in this advertisement (or whether any information has been omitted from the

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written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss

howsoever arising from any use of the advertisement or its contents or otherwise arising in connection therewith.

Accordingly, to the fullest extent permitted by law PrimaryBid Limited disclaim all and any liability whether

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representatives shall not have any responsibility or liability whatsoever (for negligence or otherwise) for any loss

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