ASF GROUP LIMITED — Capital/Financing Update 2017

Dec 17, 2017

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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

18 December 2017

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

Dear Sir/Madam

Additional Loan Facility to Rey

Further to the announcement of ASF Group Limited (“ ASF” ) dated 12 October 2017 in relation to the granting of $1 million loan facility (“ Facility ”) to Rey Resources Limited (“ Rey ”), ASF announces that it has entered into a Deed of Amendment with Rey for the increase of the Facility amount to $1.5 million.

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

Information about ASF

ASF Group Limited (ASX: AFA) is unique among ASX-listed public companies as it powers business between the East and West. ASF 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