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ASPEN GROUP Capital/Financing Update 2009

Jan 19, 2009

64404_rns_2009-01-19_3365ed12-e455-419b-9a3b-0f0d624bd4cd.pdf

Capital/Financing Update

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ASX ANNOUNCEMENT 20 January 2009

ASPEN COMPLETES SETTLEMENT OF GARDENTOWN SHOPPING CENTRE

Further to the announcement dated 13 January 2009, Aspen Group (ASX:APZ) is pleased to advise that the settlement of the Gardentown Shopping Centre has been completed as scheduled on 19 January 2009.

-ENDS-

For further information please contact: Angelo Del Borrello Managing Director, Aspen Group Phone: (08) 9220 8400 Mobile: 0419 335 411

John McGlue FD Third Person Phone: (08) 9386 1233 Mobile: 0417 926 915

Or visit www.aspengroup.com.au

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Aspen Group ASX Announcement 20/01/09

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 has progressed rapidly and is now a member of the S&P/ASX 300 index with assets under management now in excess of $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 Australia-wide. 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.

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Aspen Group ASX Announcement 20/01/09