ASF GROUP LIMITED — Capital/Financing Update 2014

Jul 16, 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

17 July 2014

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

Dear Sir/Madam

Non-renounceable Rights Issue – Extension of Closing Date

As announced to the ASX on 2 July 2014, ASF Group Limited (ASX: AFA) ( Company ) is undertaking a fully underwritten non-renounceable rights issue of up to 55,870,162 new fully paid shares in the Company ( New Shares ) at an issue price of $0.18 on the basis of one (1) New Share for every eight (8) shares held on the 8 July 2014 ( Record Date ) to raise up to $10,056,629 before costs ( Offer ).

The Company wishes to advise that it will be extending the closing date for the Offer from 22 July 2014 to 31 July 2014.

The revised indicative timetable for the Offer is set out below:

Event	Date
Closing date for acceptances for the Offer	5pm Sydney time on 31 July 2014
New shares quoted on a deferred settlement	1 August 2014
basis
Notify ASX of under subscriptions for the Offer	5 August 2014
Issue of New Shares and dispatch of holding	7 August 2014
statements
Normal trading of New Shares commences on	8 August 2014
the ASX

• Subject to the ASX Listing Rules, the Directors of the Company reserve the right to extend the Closing Date of the Offer at their discretion. Should this occur, the extension will have a consequential effect on the anticipated date of issue for the New Shares.

The Offer Document together with the Entitlement and Acceptance Form had been sent to Eligible Shareholders on 11 July 2014. Eligible Shareholders should refer to these documents for the full details and terms of the Offer.

For further information, please contact:

William Kuan

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