ASF GROUP LIMITED — M&A Activity 2013

May 12, 2013

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ActivEX Limited A.C.N. 113 452 896 117 Quay Street BRISBANE QLD 4000 P.O. Box 1533 MILTONN QLD 4064 P: (07) 3236 4188

F: (07) 3236 4288

• E: admin@activex.com.au

ASX Release – 13 May 2013

RECEIPT OF SECOND BIDDER STATEMENT

ActivEX Limited advise that it has received from ASF Gold and Copper Pty Limited (ASFGC or the Bidder) a notice of withdrawal of their Bidder Statement and in respect of their previously announced conditional off-market bid to acquire all the ordinary shares not currently held in ActivEX for A$0.02 per share (Offer).

ActivEX Limited also wish to advise they have received a second Bidders Statement from ASFGC a wholly owned subsidiary of ASF Group Limited (ASX:AFA).

The second takeover bid is an unconditional on market bid for all shares at $0.015 per share ( Current Offer ).

The Current Offer is unsolicited, opportunistic and comes at a time when the market is significantly depressed, particularly for junior minerals exploration companies.

Accordingly, the independent Directors recommend that shareholders TAKE NO ACTION in relation to the Current Offer. ActivEX will prepare its Target Statement, which will set out the view of the independent Director's in relation to the Current Offer and full details and reasons for their recommendation in relation to the Current Offer.

The Target Statement will also include the outcome of an independent expert report, including the independent expert’s valuation of the Company’s shares.

For further information contact:-

Managing Director Doug Young or Company Secretary Paul Crawford

on (07) 3236-4188 or visit our website at www.activex.com.au