ASF GROUP LIMITED — Capital/Financing Update 2019

Jan 9, 2019

Share Purchase Plan (SPP) - Application Form

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Record Date: 7.00pm (AEDT) 4 January 2019 Closing Date: 5.00pm (AEDT) 1 February 2019 SPP Issue Price per New Share: $0.08

This is an important document which requires your immediate attention. If you are in doubt as to how to deal with this document please contact your professional advisers. Terms not defined in this Application Form have the meaning given in the Offer Booklet accompanying this Application Form

A Offer Details

Eligible Shareholders are entitled to apply to purchase a parcel of New Shares under the SPP in increments of $1,000 with a minimum application amount of $1,000 and a maximum application amount of $15,000.

Before applying for New Shares you should read the Offer Booklet accompanying this Application Form and the ‘ Applicant’s Certification and Acknowledgments’ on the back of this Application Form carefully.

This SPP is non-renounceable meaning that you cannot transfer your right to purchase New Shares to another person. Applications can only be accepted in the name printed on the Application Form.

If you are a custodian, you must complete and return this Application Form together with the Custodian Certificate referred to in Section F of this Application Form.

If you do not wish to subscribe for New Shares under the SPP, there is no need to take any action.

B Offer Choice

Indicate the parcel of New Shares you wish to apply for by marking one box only below:

Offer A Offer B Offer C Offer D Offer E A$1,000 A$2,000 A$3,000 A$4,000 A$5,000  12,500 New Shares  25,000 New Shares  37,500 New Shares  50,000 New Shares  62,500 New Shares Offer F Offer G Offer H Offer I Offer J A$6,000 A$7,000 A$8,000 A$9,000 A$10,000  75,000 New Shares  87,500 New Shares  100,000 New Shares  112,500 New Shares  125,000 New Shares Offer K Offer L Offer M Offer N Offer O A$11,000 A$12,000 A$13,000 A$14,000 A$15,000  137,500 New Shares  150,000 New Shares  162,500 New Shares  175,000 New Shares  187,500 New Shares

C Payment Details

Payment may only be made by BPAY or cheque, bank draft or money order and in Australian dollars. Cash will not be accepted and payments cannot be made at any bank. Custodians cannot make payment by BPAY.

Payment Option 1 - BPAY

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Biller Code: Ref:

Telephone and Internet Banking - BPAY®

Contact your bank, credit union or building society to make this payment from your cheque or savings account.

• To pay via BPAY please contact your participating financial institution.

• If paying by BPAY you do not need to return this Application Form.

• Please ensure you pay the correct amount. If your BPAY payment is:

• an amount less than A$1,000, ASF will reject your application for New Shares and refund your application money in full (without interest); or

• an amount greater than A$1,000 that is not equal to one of the designated amounts, ASF may, at its discretion:

  • reject your application for New Shares and refund your application money in full (without interest); or

  • treat your application as if you had applied for the next lowest parcel of New Shares and refund the excess application money to you (without interest).

Payment Option 2 - Cheque, bank draft or money order

Record your cheque details below:

Drawer Cheque No. BSB No. Account No. Amount A$

• If paying by cheque, bank draft or money order you must complete this Application Form and submit it together with your cheque, bank draft or money order.

• Only cheques, bank drafts or money orders in Australian dollars and drawn on a bank or financial institution in Australia will be accepted.

• Your cheque, bank draft or money order must be made payable to "ASF Group Limited" and crossed ' Not Negotiable '.

• Please ensure that you submit the correct amount. If your cheque, bank draft or money order is for:

• an amount less than A$1,000, ASF will reject your application for New Shares and refund your application money in full (without interest); or

• an amount greater than A1,000 that is not equal to one of the designated amounts, ASF may, at its discretion:

  • reject your application for New Shares and refund your application money in full (without interest); or

  • treat your application as if you had applied for the next lowest parcel of New Shares and refund the excess application money to you (without interest).

• Make sure you send your completed Application Form and payment allowing enough time for mail delivery so the Share Registry, Boardroom Pty Limited, receives them no later than 5.00pm (AEDT) on 1 February 2019.

• If paying by cheque, please ensure sufficient cleared funds are held in your account as your cheque will be banked as soon as it is received.

• ASF reserves the right not to process any Application Forms that are incomplete or where payment is received after the Closing Date.

D Contact Details

Please provide a telephone number and contact name in case we need to contact you regarding your application.

Home telephone No. Work telephone No. Contact name

E Applicant’s Certification and Acknowledgements

By completing and returning this Application Form with your cheque, bank draft or money order to the Share Registry or making a BPAY payment, you:

• represent and warrant that you have read and understood the Offer Booklet (including the Terms of the SPP) and that you acknowledge the matters, and make the representations, warranties and certifications, in the Terms of the SPP, including as to your eligibility to participate in the SPP; and

• provide authorisation to be registered as the holder of the New Shares acquired by you and agree to be bound by the constitution of ASF Group Limited.

NO SIGNATURE IS REQUIRED ON THIS FORM

THIS OFFER IS NON-RENOUNCEABLE

BPAY payments or Application Forms and accompanying cheques, bank drafts or money orders must be received no later than 5pm (AEDT) on 1 February 2019 at:

MAILING ADDRESS	HAND DELIVERY ADDRESS
Boardroom Pty Limited	Boardroom Pty Limited
GPO Box 3993	Level 12
SYDNEY NSW 2001	225 George Street
	SYDNEY NSW 2000

F Information for Custodians

If you are a custodian, as defined in ASIC Class Order CO 09/425, you must complete this Application Form and a Custodian Certificate (which must be requested from the Share Registry) and submit both documents together with your cheque, bank draft or money order. Custodians cannot make payment by BPAY. Please contact the Share Registry, Boardroom Pty Limited, on 1300 737 760 within Australia and +61 2 9290 9600 outside Australia to obtain a copy of the Custodian Certificate. Applications received from custodians that are not accompanied by the Custodian Certificate will be rejected.