ASHLEY SERVICES GROUP LIMITED — Major Shareholding Notification 2014

Aug 20, 2014

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Pre-Quotation Disclosure

The following information is required to be provided to ASX Limited for release to the market in connection with the official quotation and deferred settlement trading of the fully paid ordinary shares ( Shares ) in Ashley Services Group Limited ( ASH ).

Capitalised terms not defined in this document have the meanings given to them in the replacement prospectus lodged by ASH with the Australian Securities and Investments Commission on 7 August 2014 ( Prospectus ).

1 Basis of allocation and procedures for determining allocations

The initial public offering of Shares in ASH ( Offer ) closed on 18 August 2014. The allocation for each component of the Offer was as followings:

• (1) Broker Firm Offer: For Broker Firm Offer participants, it was a matter for the Syndicate Brokers how they allocate Shares among their clients. Applicants under the Broker Firm Offer may confirm their allocations by phoning the Syndicate Broker from whom they received their allocation.

• (2) Bonus Issue to Staff: ASH issued 488,328 Shares to Senior Management and staff for nil consideration. The allocation of shares to Senior Management was determined by the directors based on the assessed contribution of staff members to the float process. The balance of the bonus issue was allocated to staff based on a range of factors, including seniority and length of service.

The Joint Lead Managers have advised successful Applicants in the Institutional Offer of their allocations.

Applicants can confirm their allocation of Shares, or make general enquiries regarding the offer, by contacting the Ashley Services Group Offer Information Line on 1300 361 735 (within Australia) or +61 1300 361 735 (outside Australia) from 8:30am to 5:00pm (AEST) Monday to Friday.

2 Number of Shares issued or transferred

The number of shares issued or transferred under each component of the Offer is as follows:

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	Offer component	Number of Shares
	Institutional Offer	48,584,217

Ashley Services Group Limited

PO > PO BOX 166

A > 11 Holbeche Road

T > 02 9672 7777

Blacktown NSW 2148 F > 02 9672 7007 W > ashleyservicesgroup.com.au

Arndell Park NSW 2148

ABN 92 094 747 510

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		10,903,359	10,903,359
	Broker Firm Offer	10,903,359
	Total	59487576
		,,
	Bonus Issue to Staff	488,328
	Shares issued to Holmes in connection	6,024,096
	with Completion of the Integracom
	Acquisition
	Shares retained by Existing Shareholders	84,000,000
	Total Shares	150,000,000

3 Despatch

The date specified by ASX for the despatch of:

• (1) in relation to all holdings on the CHESS sub-register, a notice from the Company under ASX Settlement Operating Rule 8.9.1;

• (2) in relation to all other holdings, issuer sponsored holding statements; and

• (3) any refund money,

is Monday, 25 August 2014.

4

Distribution Schedule

A distribution schedule of the numbers of holders is attached as Annexure A.

5 Statement of 20 largest holders

A statement of the 20 largest holders is attached as Annexure B.

6 Completion of Integracom Acquisition

ASH confirms that completion under the Integracom USPA occurred on 20 August 2014.

7 Recommendations of the ASX Corporate Governance Council

The Company will provide an explanation of any departures from the Corporate Governance Principles and Recommendations in its future annual reports. The table

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Ashley Services Group Limited ABN 92 094 747 510

A > 11 Holbeche Road PO > PO BOX 166 T > 02 9672 7777 Arndell Park NSW 2148 Blacktown NSW 2148 F > 02 9672 7007 W > ashleyservicesgroup.com.au

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below provides a summary of the recommendations with which the company does not currently comply, together with an explanation.

		S f iti f th C	S f iti f th C
	Ct G Piil d	S f iti f th C
	orporae overnance rncpes an Recommendations	ummary o poson o e ompany
	Recommendation 2.4:A majority of the	While ASH does not currently comply
	board of a listed entity should be	with this Recommendation 2.4, the
	independent directors.	Company may consider appointing
		further independent directors in the
		future. ASH is of the view that given the current size and scale of its operations, non-compliance with Recommendation 2.4 will not be detrimental to ASH.
	Recommendation 4.1:The board of a listed entity should: (a) have an audit committee which: (1) has at least three members, all of whom are non-executive directors and a majority of whom are independent directors; and (2) is chaired by an independent director, who is not the chair of the board, and disclose: (3) the charter of the committee;	Due to the current structure of the Board, ASH is unable to fully comply with Recommendation 4.1. Currently Vince Fayad is acting as Chief Financial Officer, and so cannot be considered a non-executive director. Once Mr Fayad steps down from this position, ASH will be in compliance with Recommendation 4.1. ASH is satisfied that the current composition of committee members is adequate and that non-compliance with Recommendation 4.1 will not be detrimental to ASH.

Ashley Services Group Limited ABN 92 094 747 510

PO > PO BOX 166 T > 02 9672 7777 Blacktown NSW 2148 F > 02 9672 7007 W > ashleyservicesgroup.com.au

A > 11 Holbeche Road

Arndell Park NSW 2148

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(4) the relevant qualifications and experience of the members of the committee; and (5) in relation to each reporting period, the number of times the committee met throughout the period and the individual attendances of the members at those meetings; or (b) if it does not have an audit committee, disclose that fact and the processes it employs that independently verify and safeguard the integrity of its corporate reporting, including the processes for the appointment and removal of the external auditor and the rotation of the audit engagement partner.

8 Voluntary Escrow

The number of shares subject to voluntary escrow and the escrow period applying to those Shares is as follows:

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		Number of escrowed Shares 84,000,000 6,024,096
	Escrow period	Number of escrowed Shares
	Until the date which is 2 years from quotation	84,000,000
	Until 20 August 2016	6,024,096

Ashley Services Group Limited ABN 92 094 747 510

PO > PO BOX 166

A > 11 Holbeche Road

T > 02 9672 7777

Blacktown NSW 2148 F > 02 9672 7007 W > ashleyservicesgroup.com.au

Arndell Park NSW 2148

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Annexure A

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Ashley Services Group Limited ABN 92 094 747 510

A > 11 Holbeche Road PO > PO BOX 166 T > 02 9672 7777 Arndell Park NSW 2148 Blacktown NSW 2148 F > 02 9672 7007 W > ashleyservicesgroup.com.au

PAGE NUMBER : 1 REPORT DATE : 21/08/2014 REPORT TIME : 08.31.50

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ASHLEY SERVICES GROUP LIMITED

INVESTOR RANGES THURSDAY21 AUGUST2014

Ranges Investors Securities % Issued Capital

Security Group: FPO ORDS & ESCROWS

Holding Type : Issuer

1 to 1000	127	127,000	.09
1001 to 5000	64	104,638	.07
5001 to 10000	11	74,964	.05
10001 to 100000	24	981,999	.66
100001 and Over	5	90,200,986	60.13
Total	231	91,489,587	60.99
Holding Type : CHESS
1 to 1000	1	124	.00
1001 to 5000	52	138,211	.09
5001 to 10000	82	615,449	.41
10001 to 100000	201	5,200,777	3.47
100001 and Over	37	52,555,852	35.04
Total	373	58,510,413	39.01
Totals for Security Group		FPO
1 to 1000	128	127,124	.09
1001 to 5000	116	242,849	.16
5001 to 10000	93	690,413	.46
10001 to 100000	225	6,182,776	4.12
100001 and Over	42	142,756,838	95.17
Total	604	150,000,000	100.00

end of report

Confidential - Link Market Services Limited

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Annexure B

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Ashley Services Group Limited ABN 92 094 747 510

A > 11 Holbeche Road PO > PO BOX 166 T > 02 9672 7777 Arndell Park NSW 2148 Blacktown NSW 2148 F > 02 9672 7007 W > ashleyservicesgroup.com.au

PAGE NUMBER : 1 REPORT DATE : 21/08/2014 REPORT TIME : 08.32.08

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ASHLEY SERVICES GROUP LIMITED

FIRST 20 INVESTORS REPORT THURSDAY21 AUGUST2014 Current Rank Investor Balance Sec. Group: FPO - ORDS & ESCROWS 1 MRS CATHERINE SHRIMPTON 60,858,282 2 ACTION JAMES HOLDINGS PTY 21,631,861 LIMITED 3 NATIONAL NOMINEES LIMITED 10,700,052 4 HSBC CUSTODY NOMINEES 9,834,640 (AUSTRALIA) LIMITED 5 HOLMES MANAGEMENT GROUP PTY 6,024,096 LTD 6 AUSTRALIAN FOUNDATION 4,819,277 INVESTMENT COMPANY LIMITED 7 RBC INVESTOR SERVICES 3,313,254 AUSTRALIA NOMINEES PTY LIMITED 8 UBS NOMINEES PTY LTD 3,280,528 9 BNP PARIBAS NOMS PTY LTD 3,209,308 10 J P MORGAN NOMINEES AUSTRALIA 3,019,925 LIMITED 11 AMP LIFE LIMITED 2,219,428 12 BRISPOT NOMINEES PTY LTD 1,627,531 13 MR MARC SHRIMPTON 1,500,000 14 MIRRABOOKA INVESTMENTS LIMITED 1,445,783 15 CITICORP NOMINEES PTY LIMITED 999,160 16 CITICORP NOMINEES PTY LIMITED 985,671 17 AMCIL LIMITED 963,856 18 NETWEALTH INVESTMENTS LIMITED 764,086

% Issued Capital

40.57% 14.42% 7.13% 6.56% 4.02% 3.21% 2.21% 2.19% 2.14% 2.01% 1.48% 1.09% 1.00% .96% .67% .66% .64% .51%

Confidential - Link Market Services Limited

PAGE NUMBER : 2 REPORT DATE : 21/08/2014 REPORT TIME : 08.32.08

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ASHLEY SERVICES GROUP LIMITED

FIRST 20 INVESTORS REPORT

		FIRST 20 INVESTORS REPORT
	Rank 19 20	THURSDAY21 AUGUST2014 Investor RBC INVESTOR SERVICES AUSTRALIA NOMINEES PTY LTD MERRILL LYNCH (AUSTRALIA) NOMINEES PTY LIMITED	Current Balance 602,410 409,639	% Issued Capital
				.40% .27%
		Investors TOTAL FOR TOP 20: 138,208,787 20		92.14%
		Investors TOTAL IN THIS REPORT: 138,208,787 20 TOTAL OTHER INVESTORS: 11,791,213 584 GRAND TOTAL: 150,000,000 604		92.14% 7.86% 100.00%

end of report

Confidential - Link Market Services Limited