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ASPEN GROUP Capital/Financing Update 2015

Mar 19, 2015

64404_rns_2015-03-19_3e508536-371b-4c69-969a-c710bcfea485.pdf

Capital/Financing Update

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Aspen Group Limited ABN 50 004 160 927 Aspen Property Trust ARSN 104 807 767 Level 3, Newspaper House 129 St Georges Terrace, Perth Western Australia, 6000 Telephone: 08 9220 8400 Facsimile: 08 9220 8401 Email: [email protected]

MARKET RELEASE

ASX ANNOUNCEMENT 20 March 2015

Aspen Parks Property Fund Purchase of Australiana Holiday Park, Hervey Bay, Queensland

Aspen Group ( ASX:APZ ) advises that Aspen Parks Property Fund ( APPF ) has exchanged contracts for the purchase of the Australiana Holiday Park (“ Australiana” or “the Property ”) in Hervey Bay, Queensland. The purchase price, including acquisition costs, is $6.3m, and represents a yield of 10%.

Australiana is a 4.5 star AAA rated accommodation park which comprises 107 sites with a mix of two thirds short stay caravan sites and cabins, and one third permanent residents. The Property is being acquired on a freehold basis.

The Property is situated in Hervey Bay some 290 km north of Brisbane on the Fraser Coast, a popular town for both tourism and retirement. The Property provides APPF with exposure to the Queensland coastal market, with income generation underpinned by both visitors and permanent residents. The acquisition is consistent with the APPF’s objective of increasing the geographic diversity of its portfolio.

Aspen Group owns 42% of APPF.

End

For further information please contact:	For media enquiries:
Clem Salwin	David Tasker
Chief Executive Officer	Professional Public Relations
Phone: (+61) 8 9220 8400	Phone: (+61) 8 9388 0944
Email: [email protected]	Mobile: (+61) 433 112 936
	Email: [email protected]