ASF GROUP LIMITED — Capital/Financing Update 2009

Jul 20, 2009

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ASF GROUP LIMITED ACN 008 924 570 Bennelong, 2/2B Macquarie Street Sydney NSW 2000 Telephone: (61 2) 9251 9088 Facsimile: (61 2) 9251 9066 www.asfgroupltd.com

21 July 2009

The Manager Company Announcements Australian Stock Exchange Ltd 20 Bridge Street Sydney 2000

Via: WWW.ASX.ONLINE.COM

Dear Madam/Sir

Loan Facility with Mars International Pty Ltd

ASF Group Limited is pleased to announce that it has entered into a $2 million Loan Facility agreement with Mars International Pty Ltd (“ MIPL ”) where funds have been advanced today repayable on 30 September 2010. The borrowing entity is ASF Group’s wholly owned resources subsidiary, ASF Resources Pty Limited.

Alternatively the Loan Facility can be fully repaid by conversion of the loan on 31 December 2009 into either ASF Group Ltd shares at 10c per share or into new shares representing 20% of the issued share capital of ASF Resources Pty Limited at the discretion of MIPL, subject to ASF Group Ltd shareholders’ approval.

The funds will be applied in part to maintaining ASF Resources’ current program of exploration for thermal coal on the company’s Canning Basin tenements, subject to all requisite pre-approvals, with the view to establishing significant coal resources for future development.

ASF Group is the integrator for Australia-China Energy & Resource business.

For further information contact:

Barry Neal Company Secretary Ph: +612 92519088 Fax: +612 92519066 www.asfgroupltd.com