ASF GROUP LIMITED — Capital/Financing Update 2014

May 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 May 2014

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

Dear Madam/Sir

Additional $1M Convertible Loan from Star Diamond

ASF Group Limited (“ASF”) is pleased to announce that it has obtained a further advance of an additional $1 million convertible loan (“$1M CL”) from Star Diamond Developments Limited to be used as working capital for the Group. The $1 million facility has been drawndown today, making a total outstanding convertible loan amount of $3 million.

The $1M CL will bear an interest of 1% per month, repayable on or before 31 December 2014. On or before the loan maturity date, ASF may elect, at its sole discretion, to either repay the $1M CL by cash or by conversion of shares in ASF’s subsidiaries/associates or transfer of securities held by ASF’s subsidiaries/associates. ASF can only convert to those shares and no ASF shares are to be issued to Star Diamond Developments limited under this loan.

Information about ASF

ASF is unique among ASX-listed public companies in Australia. It is a Sino-Australian investment and trading house which focuses principally on the identification, incubation and realization of opportunities in areas of synergy between China and Australia including resources, property, infrastructure, travel and financial services sectors.

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

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