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ASPEN GROUP Capital/Financing Update 2016

Apr 18, 2016

64404_rns_2016-04-18_d5be1748-2db7-41ed-9ecf-878e38de7fe4.pdf

Capital/Financing Update

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Aspen Group Limited ABN 50 004 160 927 Aspen Property Trust ARSN 104 807 767 Level 18, 9 Hunter Street Sydney NSW 2000 Telephone: 02 9151 7500 Facsimile: 02 9151 7599 Email: [email protected]

MARKET RELEASE

ASX ANNOUNCEMENT 19 April 2016

Mill Hill Capital proposal update

Aspen Group (ASX: APZ) refers to its announcement of 15 April 2016 updating the status of the unsolicited proposal from Mill Hill Capital (MHC Proposal). Discussions have proceeded since that time but no agreement to proceed with the MHC Proposal has yet been reached. As a result, the Heads of Agreement as announced on 23 February has now automatically terminated. However, the parties continue discussions.

Aspen Group will update the market as appropriate.

End

For further information please contact: For media enquiries: Frank Zipfinger David Tasker Independent Non-executive Chairman Professional Public Relations Phone: (+61) 2 9151 7500 Phone: (+61) 8 9388 0944 Email: [email protected] Mobile: (+61) 433 112 936 Email: [email protected]

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