ASF GROUP LIMITED — Capital/Financing Update 2013

Feb 6, 2013

ASF GROUP LIMITED

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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

7 February 2013

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

Dear Madam/Sir

Loan Facility Amended – additional $1m

We refer to the Company’s Convertible Loan Facility of $7 million granted by Star Diamond Developments Limited (“Star Diamond”) in August 2012.

ASF is pleased to announce that it has entered into a new Loan Agreement with Star Diamond (“New Loan Agreement”), which supersedes the previous agreement. Pursuant to the New Loan Agreement, Star Diamond agrees to grant an additional convertible loan facility of $1 million to ASF (where such funds have been drawndown) and also to extend the loan maturity date for the entire funds to 23 August 2013. The extension to the loan maturity is intended to provide the parties with ample time to discuss a number of possible and mutually beneficial loan conversion arrangements.

Under the New Loan Agreement, interest will be payable at the rate of 1% per month, accrued monthly. The interest will accrue from the date funds are drawdown. Any Loan amount outstanding at the Loan maturity date will be satisfied by the issue of ASF’s shares at an issue price equal to a 10% discount below the 30-day VWAP in the period up to one trading day immediately prior to Loan maturity.

Alternatively, subject to further agreement between the parties, the Loan facility can be fully repaid prior to Loan maturity by conversion of the loan into either one or a combination of ASF’s shares or into new shares of an ASF subsidiary or investments held by such subsidiaries.

Information about ASF

ASF is unique among ASX-listed public companies in Australia as a creator and facilitator of two-way cross-border investments, trade and funds management between China and Australia. Since its transformation into a Sino-Australian investment and trading house in 2006, ASF has focused principally on the identification, incubation and realisation of embryonic opportunities across various industries.

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

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