ASF GROUP LIMITED — Capital/Financing Update 2017

Mar 30, 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

31 March 2017

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

Dear Sir/Madam

Extension of $6M Convertible Note Facility

Further to the announcement of ASF Group Limited (“ ASF” ) dated 8 April 2015 in relation to the $6 million convertible note facility (“ CN ”) granted by Oceanic Alliance Investments Limited (“ OAIL ”), ASF advises that both ASF and OAIL have agreed to extend the maturity date of the CN by 3 months. The parties also agreed that the interest rate will be increased from 5% to 10% for that three month extension period and any interest accrued up to and including 1 April 2017 will be repaid by ASF on or before 5 April 2017.

Save as aforesaid, other terms of the CN remain unchanged.

Information about ASF

ASF Group Limited (ASX: AFA) is unique among ASX-listed public companies. It is a Sino-Australian investment and trading house, which focuses principally on the identification, incubation and realization of opportunities in areas of synergy between China and Australia, UK and Europe including integrated developments, infrastructure, oil & gas, resources, property, 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