ASF GROUP LIMITED — Capital/Financing Update 2017

Jun 28, 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

29 June 2017

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

Dear Sir/Madam

Extension of Maturity Date of Convertible Notes (“CN”)

Further to the announcement of ASF Group Limited (“ ASF ” or “ Company ”) dated 14 June 2017 in relation to the amendment of terms to the $6 million CN issued to Oceanic Alliance Investments Limited, ASF is pleased to announce that it has also reached respective agreements with the following noteholders for the extension of maturity date to 1 March 2019:

• (i) $10 million CNs issued to various noteholders in August 2015 and June 2016 respectively;

• (ii) $5 million CN issued to Star Diamond Developments Limited (“ Star Diamond ”) in September 2016; and

• (iii) $6 million CN issued to Star Diamond in March 2017 (total facility amount of this CN is $10 million).

Other than extension of maturity date, other terms of the above CNs 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