ASF GROUP LIMITED — Capital/Financing Update 2019

Jan 9, 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

10 January 2019

Share Purchase Plan Cleansing Notice

The directors of ASF Group Limited (ASX: AFA) ( Company ) are pleased to announce that the Company will make offers to issue ordinary shares in the Company to eligible shareholders under a share purchase plan ( SPP ).

A copy of the SPP offer booklet and application form will be separately lodged with ASX later today.

In accordance with ASIC Class Order 09/425, the Company gives notice that:

• 1 The Company will make offers to issue shares under the SPP without disclosure to investors under Part 6D.2 of the Corporations Act 2001 (Cth) ( Act );

• 2 This notice is given in accordance with ASIC Class Order 09/425;

• 3 As at the date of this notice, the Company has complied with:

  • (a) the provisions of Chapter 2M of the Act, as they apply to the Company; and

  • (b) section 674 of the Act; and

• 4 As at the date of this notice, there is no information which is "excluded information" within the meaning of section 708A(7) and 708A(8) of the Act which is required to be disclosed by the Company.

Signed for and on behalf of ASF Group Limited

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……………………....................……

Min Yang Chairman

About the Company

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 new energy, mining & resources, property, infrastructure, venture capital and financial services.

For further information, please contact:

William Kuan Company Secretary ASF Group Limited E: williamkuan@asfgroupltd.com T: + 61 2 9251 9088