ASF GROUP LIMITED — Capital/Financing Update 2015

Oct 29, 2015

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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

30 October 2015

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

Dear Sir/Madam

Loan Facility to Rey

ASF Group Limited (“ ASF” ) announces that it has entered into a loan facility agreement with Rey Resources Limited (“ Rey ”) on 29 October 2015 pursuant to which ASF will provide up to $2 million in standby funding under which Rey can draw down as required, to fund its exploration activities and general working capital.

Interest will accrue daily at a rate of 9% per annum. Repayment of the loan facility is due on 29 January 2016, or earlier at Rey’s election, with the provision for an extension of up to 2 months, in either cash or, at ASF’s election, fully paid ordinary shares in the capital of Rey, at an issue price of 8 cents per share. As at 29 October 2015, $850,000 of loan funds had been drawn down by Rey.

As at the date of this announcement, ASF is interested in approximately 18.3% in the issued share capital of Rey.

Information about ASF

ASF Group Limited (ASX: AFA) is unique among ASX-listed public companies. 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 oil & gas, resources, property, infrastructure, travel and financial services sectors.

ASF is part of the S&P/ASX All Ordinaries Index (AOI) which consists of the largest 500 companies listed on the ASX.

Geoff Baker Director Ph: +612 9251 9088