ASF GROUP LIMITED — Capital/Financing Update 2019

Mar 11, 2019

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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 March 2019

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

Dear Sir/Madam

Repayment of $6M OAIL Convertible Note

ASF Group Limited (the “Company”) refers to the $6 million convertible note (“CN”) issued to Oceanic Alliance Investments Limited in April 2015 maturing on 1 March 2019.

The Company is pleased to announce that it has repaid the CN together with accrued interest in full by cash and is accordingly discharged and released from all obligations and liabilities under the CN.

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.

Geoff Baker Director Ph: +612 9251 9088