ASF GROUP LIMITED — Capital/Financing Update 2013

Nov 28, 2013

==> picture [121 x 38] intentionally omitted <==

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

29 November 2013

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

Dear Sir/Madam

Pro-rata Non-renounceable Rights Issue – Despatch of Offer Documents

We refer to the ASX announcement of ASF Group Limited ( Company ) on 15 November 2013 regarding the Company's pro-rata non-renounceable rights issue (“ Offer ”) of one (1) new fully paid ordinary share (“ New Share ”) for every two (2) existing shares held by shareholders with a registered address in Australia, New Zealand, Hong Kong and the People’s Republic of China (“ Eligible Shareholders ”) at an issue price of AUD0.10 per New Share.

The Company is pleased to announce that the Offer Document together with the Entitlement and Acceptance Form have been sent to Eligible Shareholders today.

Eligible Shareholders are reminded that the Offer will be closed at 5pm (Sydney time) on 13 December 2013 and late applications may be rejected.

For further information regarding the Offer, please contact your professional advisor, the Company or Boardroom Pty Ltd on 1300 737 760 (within Australia) or +61 2 9290 9600 (outside Australia).

William Kuan

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