ASF GROUP LIMITED — Capital/Financing Update 2014

Mar 9, 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

10 March 2014

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

Dear Madam/Sir

Amendment to Convertible Loan Facility

Further to the announcement of ASF Group Limited (“ASF”) dated 6 March 2014 in relation to the additional convertible loan facility (“Loan Facility”) granted by Star Diamond Developments Limited (“Star Diamond”), ASF advises that Star Diamond has agreed to amend the terms of the Loan Facility by removing the possible conversion of any of the loan amount to ASF shares.

As a result, the Loan Facility can only be repaid by the conversion of shares in ASF subsidiaries/associates or in cash.

Information about ASF

ASF is unique among ASX-listed public companies in Australia as a creator and facilitator of two-way cross-border investments, trade and funds management between China and Australia. Since its transformation into a Sino-Australian investment and trading house in 2006, ASF has focused principally on the identification, incubation and realisation of opportunities across various industries including energy, resource, property, finance and tourism.

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

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