ASF GROUP LIMITED — Capital/Financing Update 2014

Dec 17, 2014

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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

18 December 2014

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 10 rights issue (“ Offer ”) closed on Tuesday, 16 December 2014.

The Company is pleased to announce that the Offer has raised a total amount of $6,093,448.56 for the Company, before costs.

Valid acceptances and shortfall applications for 33,852,492 new shares, representing approximately 63.58% of the total entitlements of the Offer, were received from shareholders of the Company.

SHORTFALL NOTICE

The Company anticipates that the allotment of the New Shares and the dispatch of the holding statements will occur on Monday, 22 December 2014.

It is also anticipated that normal trading of the New Shares will commence on Tuesday, 23 December 2014.

According to the terms of the Offer, the Directors may at their complete and absolute discretion place the shortfall of 19,387,709 shares with any third party at not less than the issue price within 3 months of the closing date.

William Kuan

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