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ASPEN GROUP Capital/Financing Update 2016

Sep 29, 2016

64404_rns_2016-09-29_4dd0416c-d309-41b5-b9b2-c3681830f990.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, 37 Pitt Street Sydney NSW 2000 Telephone: 02 9151 7500 Facsimile: 02 9151 7599 Email: [email protected]

30 September 2016

ASX Market Announcements ASX Limited Exchange Centre, 20 Bridge Street Sydney NSW 2000

Dear Sir/Madam

Lapse of employee performance rights and options

Aspen Group (ASX: APZ) advises the following Performance Rights and Options to acquire stapled securities in Aspen Group Limited have lapsed under the terms of the Company’s Performance Rights Plan and Options Deed respectively.

Class of SecuritiesPerformance RightsPerformance RightsOptions No. CancelledFinancial Year issued826,586FY2015457,659FY20161,284,2451,729,412FY2014

Following the cancellation of performance rights, the balance of classes on issue is as follows:

101,897,037 Stapled Securities 150,772 Performance Rights NIL Options

Yours faithfully

Mandy Chiang Company Secretary