ASF GROUP LIMITED — M&A Activity 2013

Apr 15, 2013

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ActivEX Limited A.C.N. 113 452 896 117 Quay Street BRISBANE QLD 4000 P.O. Box 217 PADDINGTON QLD 4064 P: (07) 3236 4188 F: (07) 3236 4288

• E: admin@activex.com.au

ASX Release – 16 April 2013

EXPRESSION OF INTEREST - TAKEOVER

Further to this morning’s announcement, the independent Directors of ActivEX Limited ( ASX:AIV ) wish to comment on the expression of interest from ASF Gold & Copper Pty Limited (ASFGC), a wholly owned subsidiary of ASF Group Limited (ASX:AFA), to acquire all the shares in ActivEX that ASFGC does not currently own through an off-market takeover at 2 cents per share.

The Directors of ActivEX who are independent of ASFGC advise shareholders not to take any action in respect of their shares or share options pending further announcements by the Company.

Discussions with ASFGC through its representatives on the ActivEX Board of Directors regarding the direction and future funding of the Company over the past year have led the Company to believe that ASFGC was a strongly, supportive cornerstone investor in ActivEX. This proposal from ASFGC is completely unexpected and comes at a time when the market is significantly depressed, particularly for junior minerals exploration companies.

The independent Directors of ActivEX advise shareholders that due to the common directorships between the two companies, the bidder will need to provide an Independent Expert Report which will assess whether the proposal is fair and reasonable. Prior to receipt of that report the independent Directors of ActivEX recommend that shareholders take no action.

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