ASF GROUP LIMITED — Capital/Financing Update 2017

Nov 13, 2017

==> picture [121 x 38] intentionally omitted <==

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

14 November 2017

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

Dear Sir/Madam

Loan Facility to AIV

ASF Group Limited (“ ASF” ) announces that it has entered into a loan facility agreement with ActivEX Limited (“ AIV ”) pursuant to which ASF will provide up to $1 million in standby funding for AIV’s exploration activities and general working capital.

Interest will accrue daily at a rate of 12% per annum. Repayment of the loan facility is due on 13 November 2018, or earlier at ASF’s election upon 3 months’ notice to AIV.

As at the date of this announcement, ASF has an investment of approximately 19.62% in the issued share capital of AIV.

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