ASF GROUP LIMITED — Capital/Financing Update 2014

Jul 1, 2014

All correspondence to Boardroom Pty Limited GPO Box 3993

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ABN 50 008 924 570

RIGHTS ISSUE ENTITLEMENT AND ACCEPTANCE FORM

Sydney NSW 2001 Tel: 1300 737 760 (within Aust) Tel: + 61 2 9290 9600 (outside Aust) Fax: + 61 2 9279 0664 www.boardroomlimited.com.au enquiries@boardroomlimited.com.au

Entitlement No.

Subregister

SRN/HIN.

Number of Shares held at 7pm AEST on 8 July 2014

Offer Closes: 5pm AEST 22 July 2014

NON-RENOUNCEABLE ISSUE OF UP TO 55,880,000 NEW SHARES AT AN ISSUE PRICE OF $0.18 EACH ON THE BASIS OF 1 NEW SHARE FOR EVERY 8 ORDINARY SHARES HELD, PAYABLE IN FULL UPON ACCEPTANCE OF THIS OFFER.

A Entitlement Offer Acceptance

If you wish to accept your FULL ENTITLEMENT please complete and return this form WITH YOUR PAYMENT FOR THE AMOUNT SHOWN BELOW . The return of this form by the Closing Date with payment will constitute acceptance of the Offer.

Entitlement to New Shares on the Amount Payable for Full Acceptance, basis of One New Share for every Price Per Share at $0.18 per New Share Eight Ordinary Shares held $0.18 per Share =

If you wish to accept PART OF YOUR ENTITLEMENT ONLY please complete this form showing in the box below the NUMBER OF NEW SHARES BEING ACCEPTED and the appropriate amount payable.

Number of New Shares accepted Price Per Share Amount Enclosed

$0.18 per Share = $

B Apply for Shortfall Shares (if available)

If you wish to apply for Shares under the Shortfall Offer (if any) in addition to your Entitlement above please insert the number of Shares in the box below and the appropriate amount payable. These Shortfall Shares will only be allotted if available.

Number of Shortfall Shares Price Per Share Amount Enclosed Applied for $0.18 per Share = $

C Payment

Payment may only be made by BPAY or cheque. Cash will not be accepted via the mail or at the ASF Group Limited Share Registry. Payments cannot be made at any bank.

Payment Option 1 - BPAY

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Telephone & Internet Banking - BPAY®

Biller Code: X X X X Contact your bank, credit union or building society to make this payment from your cheque or savings account. Ref: «BPayCRN» More info: www.bpay.com.au ® Registered to BPAY Ltd ABN 69 079 137 518

• To pay via BPAY please contact your participating financial institution

• If paying by BPAY you do not need to return the Entitlement and Acceptance Form

• If paying by BPAY the amount of your payment received in the account divided by the issue price will be deemed to be the total number of shares you are applying for.

Payment Option 2 – Cheque (Record cheque details below)

DRAWER	CHEQUE NO.	BSB NO.	ACCOUNT NO.	AMOUNT $AUD
				$

• Only cheques or bank drafts in Australian dollars and drawn on a bank or financial institution in Australia will be accepted.

• Your cheque or bank draft must be made payable to “ ASF Group Limited ” and crossed Not Negotiable.

• Please ensure that you submit the correct amount. Incorrect payments may result in your application being rejected.

THIS FORM CONTINUES OVERLEAF

D Contact Details CONTACT NAME TELEPHONE WORK TELEPHONE HOME EMAIL ADDRESS ( ) ( )

By submitting this Entitlement and Acceptance Form or by using the BPAY facility to accept the Offer, I/We confirm the following:

I/We represent and warrant that I/we have read and understood the Offer Document to which this Entitlement and Acceptance Form relates and declare that this Application is completed and lodged according to the Offer Document and the instructions on this Entitlement and Acceptance Form and declare that all details and statements made by me/us are complete and accurate. I/We agree to be bound by the constitution of ASF Group Limited and agree to the terms and conditions of the Offer under the Offer Document. I/We represent and warrant that I/we have not relied on any other information provided by the Company other than as set out in the Offer Document when making my/our decision to invest.

I/We represent and warrant that all details and statements made are complete and accurate.

I/We apply for the number of Shares set out on or determined in accordance with this Entitlement and Acceptance Form and provide authorisation to be registered as the holder of such number of those Shares as the Company issues to me/us.

I/We were given access to the Offer Document together with the Entitlement and Acceptance Form and I/we represent and warrant that applicable laws do not prohibit us from being given the Offer Document and any supplementary or replacement Offer Document or making an Application on this Entitlement and Acceptance Form.

If I/We are a trustee, I/we are authorised under the constituent documents of the trust to apply for and hold Shares.

I/We acknowledge that the information contained in the Offer Document including this Entitlement and Acceptance Form (or any supplementary or replacement Offer Document) is not investment advice or a recommendation that Shares are suitable for me/us, given my/our investment objectives, financial situation or particular needs and that the investment performance of Shares is not guaranteed by the Company.

I/We authorise the Company and the Underwriters to do anything on my/our behalf necessary for Shares to be issued to me/us and authorise the Company to complete or correct this Entitlement and Acceptance Form.

LODGEMENT INSTRUCTIONS TO APPLICANTS

Please read these instructions carefully

ACCEPTANCE OF YOUR ENTITLEMENT IN FULL OR PART

Multiply the number of New Shares for which you are accepting by $0.18 then fill in the acceptance details, where necessary, in the space provided on the front of this form. Complete your cheque details on the front of this form and send your cheque/draft and completed form to:

Boardroom Pty Limited GPO Box 3993 SYDNEY NSW 2001

Telephone No. 02 9290 9600 Facsimile No. 02 9279 0664

If you do not deal with your entitlement it will lapse at 5.00 pm AEST on 22 July 2014 unless the Closing Date is varied by the Company.

PAYMENT

Cheque or Draft

All cheques or drafts (expressed in Australian currency) are to be made payable to “ ASF Group Limited” and crossed “Not Negotiable”.

BPAY

If you make payment using BPAY you must contact your Australian bank, credit union or building society to make this payment from your cheque or savings account. For more information: www.bpay.com.au. Refer to the front of this form for the Biller Code and Customer Reference Number. Payments must be received by BPAY before 5.00 pm AEST on 22 July 2014.

PAYMENT - OVERSEAS RESIDENTS

Overseas shareholders who are permitted to apply for shares must obtain a draft in Australian currency payable on a bank in Australia, or where the shareholder has an account with a bank in Australia, by a cheque drawn on that bank within Australia.

The Australian currency draft should be attached to your completed form and the document mailed to:

Boardroom Pty Limited GPO Box 3993 SYDNEY NSW 2001

OVERSEAS SHAREHOLDERS ARE ADVISED TO ENSURE THEIR DOCUMENTS ARE POSTED TO AUSTRALIA BY AIRMAIL AND RECEIVED BY BOARDROOM PTY LIMITED BEFORE 5.00 PM AEST ON 22 JULY 2014 AS LATE APPLICATIONS WILL BE REJECTED.

Personal cheques drawn on overseas banks in Australian or any foreign currency will not be accepted. These will be returned and the acceptance deemed to be invalid.

INTERPRETATION

Terms used in this Entitlement and Acceptance Form have the same meaning as defined in the Offer Document.

CHANGES OF ADDRESS SUPPORTED BY YOUR SIGNATURE(S)

If your address is not exactly as shown, please provide details on the front page and sign next to the changes. This is only relevant for Issuer Sponsored registered holdings. CHESS holders must notify your sponsoring broker for amendments to holdings on the CHESS Subregister.

Privacy Statement:

Boardroom Pty Limited advises that Chapter 2C of the Corporations Act 2001 (Cth) requires information about you as a shareholder (including your name, address and details of the shares you hold) to be included in the public register of the entity in which you hold shares. Information is collected to administer your share holding and if some or all of the information is not collected then it might not be possible to administer your share holding. Your personal information may be disclosed to the entity in which you hold shares. You can obtain access to your personal information by contacting us at the address or telephone number shown on the Entitlement and Acceptance Form.

Our privacy policy is available on our website (http://www.boardroomlimited.com.au/Privacy.html).