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ASPEN GROUP Board/Management Information 2011

Mar 22, 2011

64404_rns_2011-03-22_a69aff41-b4bd-4353-affe-de68885cb168.pdf

Board/Management Information

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Aspen Group Limited ABN 50 004 160 927 Aspen Property Trust ARSN 104 807 767 Level 8, Septimus Roe Square 256 Adelaide Terrace, Perth Western Australia, 6000 Telephone: 08 9220 8400 Facsimile: 08 9220 8401 Email: [email protected]

ASX ANNOUNCEMENT 23 March 2011

Aspen Group Announces Resignation of Non-Executive Director

Aspen Group (ASX: APZ) advises that Seng Fai Chan has resigned from the Group’s Board of Directors with immediate effect.

Aspen Group Board Chairman, Mr Reg Gillard, thanked Mr Chan for his valuable contribution to the Company and wished him the very best for the future.

Ends

For further information please contact:

Mr Gavin Hawkins David Tasker Managing Director Professional Public Relations Aspen Group Phone: (08) 9388 0944 Phone: (08) 9220 8400 Mobile: 0433 112 936 Mobile: 0402 148 279 Email: [email protected]

ASX Announcement 23 March 2011

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About Aspen Group

Aspen Group is an ASX listed property investment and funds management group, focused on acquiring quality property assets and creating and managing innovative property funds and syndicates. Formed in 2001, Aspen is a member of the S&P/ASX 300 index with assets under management of approximately A$1.4 billion.

Aspen’s core strength lies within the Group’s broad expertise across property acquisition, development and management enabling the Group to provide leading edge property solutions.

Aspen directly owns and manages a well diversified portfolio of commercial property assets Australiawide. The portfolio is spread across the office, industrial and retail sectors and has grown through acquisitions and portfolio revaluations of existing properties driven by a strong property management focus.

Aspen also has developed an outstanding reputation for creating unique and successful funds management products and related services. These managed funds have provided investment opportunities across a broad spectrum of property sectors including tourist parks, residential land subdivisions, CBD office developments, private hospital developments and retirement and accommodation villages.

Aspen continues to source acquisition opportunities for both balance sheet and syndication purposes in order to achieve further growth in both assets and earnings for security holders.

Website: www.aspengroup.com.au

ASX Announcement 23 March 2011

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