ASF GROUP LIMITED — Capital/Financing Update 2014

Jan 21, 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

22 January 2014

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

Dear Madam/Sir

Additional Investment in Key Petroleum Limited

Further to the announcement of ASF Group Limited (“ ASF ”) dated 20 January 2013 in relation to the placement by Key Petroleum Limited (“ Key ”) to ASF of new shares for the total subscription amount of $1,175,815, ASF announces that it has subscribed for additional shares through a further placement by Key (“ Second Placement ”).

Pursuant to the Second Placement, ASF has agreed to pay an additional $292,119.06 to subscribe for 22,470,697 fully paid ordinary shares of Key at a price of 1.3 cents per share, taking its holding to 19.9% of the enlarged issued capital of Key.

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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