ASF GROUP LIMITED — Capital/Financing Update 2014

Aug 4, 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

5 August 2014

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

Dear Sir/Madam

ASF RIGHTS ISSUE SUCCESSFULLY COMPLETED AND OVERSUBSCRIBED

ASF Group Limited (ASX: AFA) (“ Company ”) advises that its pro-rata non-renounceable 1 for 8 rights issue (“Offer”) closed on Thursday, 31 July 2014, raising the amount of $10,056,629 for the Company, before costs. The Offer was oversubscribed with demand being significantly greater than the 55,870,162 New Shares available under the Offer .

The Company is pleased to announce that it has received applications from Eligible Shareholders for Entitlements of 39,433,711 of New Shares, totalling $7,098,068 and applications under the Shortfall Facility for 23,063,639 of Shortfall Shares, totalling $4,151,455.

In total the Company received applications for an aggregate of 62,497,350 New Shares, with oversubscription of 6,627,188 Shares above the total Entitlements of the Offer.

The Company will accept in full all Eligible Shareholders applications including all Shortfall applications except for part of the Shortfall application from a director of the Company whose applications for Shortfall Shares was scaled back at the Company's discretion.

Given the Offer was oversubscribed, no New Shares are required to be taken up by the underwriters of the Offer.

The Company will arrange for the allotment of the New Shares to be completed on Thursday, 7 August 2014. It is also anticipated that normal trading of the New Shares will commence on Friday, 8 August 2014.

William Kuan

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