ASF GROUP LIMITED — Capital/Financing Update 2017

Jun 25, 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

26 June 2017

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

Dear Sir/Madam

RIGHTS ISSUE SUCCESSFULLY COMPLETED

ASF Group Limited (ASX: AFA) (“ Company ”) advises that its pro-rata non-renounceable 1 for 8 rights issue (“ Offer ”) closed on Wednesday, 21 June 2017.

The Company is pleased to announce that the Offer has raised a total amount of $12,051,810.08 for the Company, before costs.

Valid acceptances and shortfall applications for 75,323,813 new shares (“ New Shares ”), representing approximately 99.9% of the total entitlements of the Offer, were received from shareholders of the Company. The remaining shortfall of 75,439 shares will not be placed with any other shareholders or third parties.

The Company anticipates that the allotment of the New Shares and the dispatch of the holding statements will occur on Wednesday, 28 June 2017.

It is also anticipated that normal trading of the New Shares will commence on Thursday, 29 June 2017.

William Kuan

Company Secretary Ph: +612 9251 9088 Fax: +612 9251 9066