ASF GROUP LIMITED — Major Shareholding Notification 2008

Jan 24, 2008

ASF Group Limited

Fully Paid Ordinary Shares

Fully paid shares Escrowed 12 mths fr issue date Fully paid shares Escrowed 24 mths fr re quote date Top 20 Holdings as at 17-01-2008

Holder Name	Balance at 17-01-2008	%
FY HOLDINGS LIMITED	41,620,000	23.217
GOLDCHOICE INVESTMENTS LIMITED	24,350,000	13.583
GOLDENRAY CONSORTIUM(S)PTE LTD	15,000,000	8.367
NGA FONG LAO	12,928,000	7.212
CITIC INTERNATIONAL ASSETS MANAGEMENT LIMITED	8,380,000	4.675
WAI SANG HO	8,333,333	4.649
GOLD STAR INDUSTRY LIMITED	5,150,000	2.873
CHANCELLOR MANAGEMENT PTY LTD	2,000,000	1.116
ZHONGRUI INVESTMENT GROUPS CO LTD	2,000,000	1.116
FORTITUDE ASSET MANAGEMENT SDN BHD\C	1,009,101	0.563
MR IAN BROOKER DRUMMOND	1,000,000	0.558
MS CHOO KHENG YEOH	1,000,000	0.558
DR MARC LAVAL KOO SIN LIN	1,000,000	0.558
CHUN FAT LAW	1,000,000	0.558
LIJUN HE	1,000,000	0.558
SUPER YEAR ENTERPRISES LIMITED	1,000,000	0.558
MR STUART TURNER	1,000,000	0.558
ORTEGA HOLDINGS PTY LIMITED <DATAMAIL RETIRE FUND NO2 A/C>	1,000,000	0.558
MR MALCOLM KUVEKALOVIC	1,000,000	0.558
J H KILROY INVESTMENTS PTY LTD <JH KILROY SUPER FUND A/C>	1,000,000	0.558
CYBER CITY INTERNATIONAL LTD	1,000,000	0.558
MS ETHEL TI SOO WOO	1,000,000	0.558
PEI LAN SONG	1,000,000	0.558
MS KAIZHI CAI	1,000,000	0.558
	134,770,434	75.179
	179,266,919