ASF GROUP LIMITED — Capital/Financing Update 2017

Jun 4, 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

5 June 2017

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

Dear Sir/Madam

Confirm of despatch of offer document

Further to its announcement on 26 May 2017, ASF Group Limited (ACN 008 924 570) (ASX: AFA) ( Company ) advises that it has despatched the offer document under section 708AA of the Corporations Act 2001 (Cth) for the Company's pro-rata non-renounceable one (1) for eight (8) rights issue offer, along with personalised Entitlement and Acceptance forms to all Eligible Shareholders on the Company's share register on the Record Date, being 7.00pm (Sydney time) on 31 May 2017.

For further information on your Entitlement, please contact the Company Secretary on (02) 9251 9088 for callers within Australia or +61 2 9251 9088 from callers outside of Australia.

William Kuan

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

Legal/48521823_1