ASF GROUP LIMITED — M&A Activity 2013

Jun 17, 2013

ASF Gold and Copper Pty Ltd

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ACN 158 308 260 Bennelong, 2/3B Macquarie Street Sydney NSW 2000 Telephone: (61 2) 9251 9088 Facsimile: (61 2) 9251 9066 www.asfgroupltd.com

18 June 2013

Dear Fellow ActivEX Shareholder

ASF GROUP OFFER IS FINAL – OFFER TO CLOSE ON 28 JUNE 2013

I am writing to you in relation to ASF Gold and Copper Pty Limited’s ( ASF Group ) on-market takeover offer ( Offer ) of $0.015 in cash for all the shares in ActivEX Limited ( ActivEX ).

The purpose of this letter is to inform you that:

• ASF Group’s Offer of $0.015 per ActivEX share is final and will not be increased; and

• the Offer period ends at the close of trading on 28 June 2013 and will not be extended[1] .

ASF Group urges all ActivEX Shareholders who wish to sell their shares to do so prior to the close of the Offer on 28 June 2013. Shareholders should note that:

As noted by the independent expert, the ActivEX share price may fall in the absence of the Offer.

Shareholders who do not accept the Offer may become minority shareholders in ActivEX if ASF Group acquires more than 50% of ActivEX. ASF Group has now increased its shareholding in ActivEX from 19.9% to 37.53%

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If you wish to accept the Offer, please contact your Broker and instruct them to sell all or some of your ActivEX Shares to ASF Group on-market. Please note that you are not required to complete a form to accept the Offer.

If you have any questions about the Offer, please contact your legal, financial or other professional adviser or call the Offer Information Line on 1300 307 857 (for callers within Australia) or +61 2 8022 7902 (for callers outside Australia).

Yours sincerely ASF Gold and Copper Pty Ltd

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Min Yang Chairman

1. The offer period will not be extended unless there is a third party bid or if ASF Group’s voting power in ActivEX increases to more than 50% within the last seven days of the offer period, in which case there is an automatic extension.