ASF GROUP LIMITED — Capital/Financing Update 2016

Dec 4, 2016

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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 December 2016

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

Dear Sir/Madam

Extension of $10M Convertible Notes Maturity Date (2017)

ASF Group Limited (“ ASF” ) refers to the issue of (i) $7.5 million unsecured convertible notes in August 2015; and (ii) $2.5 million unsecured convertible notes in June 2016 (together the “ $10M Notes ”), to various sophisticated investors (“ Noteholders ”) and is pleased to announce that it has entered into Deeds of Amendment with respective Noteholders for the extension of maturity date of the $10M Notes to 31 December 2017.

Save as aforesaid, other terms and conditions of the Notes remain unchanged.

Information about ASF

ASF Group Limited (ASX: AFA) is unique among ASX-listed public companies. It is an investment and trading house which focuses principally on the identification, incubation and realization of opportunities in areas of synergy between China, Australia, UK and Europe 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