ASF GROUP LIMITED — Capital/Financing Update 2013

Dec 16, 2013

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ASF GROUP LIMITED ACN 008 924 570 Bennelong, 2/3B Macquarie Street Sydney NSW 2000 Telephone: (61 2) 9251 9088 Facsimile: (61 2) 9251 9066 www.asfgroupltd.com

17 December 2013

The Manager Company Announcements Australian Stock Exchange Ltd 20 Bridge Street Sydney 2000 via: www.asxonline.com

Dear Sir/Madam

RIGHTS ISSUE SUCCESSFULLY COMPLETED

ASF Group Limited (ASX: AFA) (“ Company ”) advises that its pro-rata non-renounceable 1 for 2 rights issue (“ Offer ”) closed on Friday, 13 December 2013.

The Company is pleased to announce that the Offer has raised a total amount of $6,307,868.50 for the Company, before costs.

Valid acceptances for 63,078,685 New Share, representing approximately 38.63% of the total entitlements of the Offer, were received from shareholders of the Company.

SHORTFALL NOTICE

According to the terms of the Offer, the shortfall of 100,224,459 shares, which was not underwritten, will not be placed with any other shareholders or third parties.

The Company anticipates that the allotment of the New Shares and the dispatch of the holding statements will occur on Thursday, 19 December 2013.

It is also anticipated that normal trading of the New Shares will commence on Friday, 20 December 2013.

William Kuan

Company Secretary Ph: +612 9251 9088 Fax: +612 9251 9066