Exercise of Options

3 September 2020

Applied Graphene Materials plc

("Applied Graphene Materials" or "the Company")

Exercise of Options and Total Voting Rights

Applied Graphene Materials (LSE: AGM) (OTCQB: APGMF), the producer of specialty graphene materials, confirms that 215,616 ordinary shares of 2 pence each ("Ordinary Shares") have been issued by the Company pursuant to an exercise of options over Ordinary Shares by a former employee.

Application has been made to the London Stock Exchange for admission of the new Ordinary Shares to trading on AIM and dealings are expected to commence on 8 September 2020 ("Admission"). Following Admission, the Company will have a total of 49,644,996 Ordinary Shares in issue with voting rights. The Company does not hold any Ordinary Shares in treasury. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company.

For further information, please contact:

Applied Graphene Materials +44 (0) 1642 438 214

Adrian Potts, Chief Executive Officer

David Blain, Chief Financial Officer

Hudson Sandler +44 (0) 207 796 4133

Charlie Jack / Emily Dillon

N+1 Singer +44 (0) 207 496 3000

Peter Steel / Amanda Gray

Notes to Editors

Applied Graphene Materials works in partnership with its customers using its knowledge and expertise to provide bespoke graphene dispersions and formats to deliver enhancements and benefits for a wide range of applications. The Group's strategy is to target commercial applications in three core markets: coatings, composites and functional materials.

The Group has developed proprietary bottom-up processes which are capable of producing high purity graphene nanoplatelets using a continuous process. The manufacturing process is based on sustainable, readily available raw materials and therefore does not rely on the supply of graphite, unlike a number of other graphene production techniques. Applied Graphene Materials owns the intellectual property and know-how behind this process.

Applied Graphene Materials was founded by Professor Karl Coleman in 2010 with its operations and processes based on technology that he initially developed at Durham University. The Group was admitted to AIM in November 2013, raising £11 million, and is based at the Wilton Site on Teesside. In January 2016 the Group raised £8.5m to support its ongoing activities and in October 2017 the Group raised a further £9.8m. https://www.appliedgraphenematerials.com/