ASF GROUP LIMITED — Capital/Financing Update 2017

Oct 11, 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

12 October 2017

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 12 October 2017 pursuant to which ASF will provide up to $1 million in standby funding for Rey’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 11 October 2018, or earlier at ASF’s election upon 3 months’ notice to Rey.

As at the date of this announcement, ASF has an investment of approximately 16.31% in the issued share capital of Rey.

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