ASF GROUP LIMITED — Major Shareholding Notification 2009

Apr 20, 2009

Form 604 Corporations Act 2001 Section 671 B 1. Details of substantial holder (1) Name Goldchoice Investments limited ("Goldchoice") ACN/ARSN (if applicable) N/A There was a change in the interests of the substantial holder on The previous notice was given to the company 0 The previous notice was dated

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company of scheme, are as follows:

Previous notice		Present notice
Person's votes	Votin	Person's votes	Votin	ower 5
4,320,625	2.05%	17,653,958	7.88%

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme as follows:

Date of	Person whose	Nature of	Consideration	Class and	Person's votes
change	relevant interestchanged	change (6)	given in relationto change (7)	number ofsecurities	affected
				affected
N/A	N/A	N/A	N/A	N/A	N/A

Holder of	Registere d	Person entitled	Nature of	Class and	Person's votes
relevant	holder of	to be registered	relevant	number of
interest	securities	as holder (8)	interest (6)	securities
N/A	N/A	N/A	N/A	N/A	N/A

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----- Start of picture text ----- 6. Changes in associationThe persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder In relation tovoting interests in the company or scheme are as follows:Name and ACN/ARSN (if applicable) Nature of associationN/A N/A7. AddressesThe addresses of persons named in this form are as follows:Name AddressGoldchoice Investments Limited Room 2101-2103, 21/F Yardley Commercial Buildino,3 ConnauQht Road West, HonQ Kong----- End of picture text -----

• DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant issues (eg. A corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

• (6) Include details of: (a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671 B(4} applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) any qualification of the power of a person to exercise, control the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

• See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.