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ASPEN GROUP Capital/Financing Update 2013

Feb 28, 2013

64404_rns_2013-02-28_d3ca8345-345c-4538-acd3-a485209f3f08.pdf

Capital/Financing Update

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----- Start of picture text ----- Aspen Group LimitedABN 50 004 160 927Aspen Property TrustARSN 104 807 767Level 3, Newspaper House129 St Georges Terrace, PerthWestern Australia, 6000Telephone: 08 9220 8400Facsimile: 08 9220 8401Email: [email protected]----- End of picture text -----

MARKET RELEASE

ASX ANNOUNCEMENT 1 March 2013

Sale of Castle Hill Homemaker Centre – Aspen Diversified Property Fund

Further to the announcement of its half year results on 25 February 2013, Aspen is pleased to advise that the settlement of the Castle Hill Homemaker Centre in New South Wales has occurred for $19.0 million.

The Castle Hill property was one of seven commercial properties held by the Aspen Diversified Property Fund (‘ADPF’ or ‘the Fund’). Unitholders of ADPF voted in July 2012 to conduct an orderly sale of the Fund assets.

Proceeds from the sale have been applied to reduction of debt and allows the Fund to meet the covenanted step down in its banking facility for 30 June 2013.

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