ASF GROUP LIMITED — Director's Dealing 2010

Feb 11, 2010

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity	ASF GROUP LIMTIED
ABN	50 008 924 570

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director Date of last notice

Alan John Humphris 6 September 2007

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest		Direct and indirect interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.		Ordinary shares held in the name of:500,000Balmoral Capital Pty Ltd (being adirector and controllingshareholder)500,000A J & E A Humphris (as nomineeof Balmoral Capital)
Date of change		30/11/2009
No. of securities held prior to change		Direct interest1,200,000 ordinary sharesIndirect interestOrdinary shares held in the name of:500,000Balmoral Capital Pty Ltd (being adirector and controllingshareholder)
Class		Ordinary
Number acquired		500,000
Number disposed		N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation		No consideration (to meet obligation in aconsulting agreement with Balmoral CapitalPty Ltd)
No. of securities held after change		Direct interest1,200,000 ordinary sharesIndirect interestOrdinary shares held in the name of:500,000Balmoral Capital Pty Ltd (being adirector and controllingshareholder)500,000A J & E A Humphris (as nomineeof Balmoral Capital)
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back		Issue of 500,000 ordinary shares to meetobligation under consulting agreement withBalmoral Capital Pty Ltd

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002