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ASPEN GROUP Capital/Financing Update 2017

Apr 30, 2017

64404_rns_2017-04-30_54916519-fba6-483e-b648-ed5eaab279ff.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]

ASX ANNOUNCEMENT 1 May 2017

Aspen Group extends tenancy duration to Woodside Petroleum Limited

Aspen Group Limited (ASX: APZ) is pleased to announce a one year extension to the existing tenancy agreement with Woodside Petroleum Limited ( Woodside ) at Aspen Karratha Village ( AKV ). The agreement extends Woodside’s tenancy at AKV to January 2019.

Commenting on the extension, Aspen Group Chief Executive Officer Joel Cann said:

“We are delighted with the extension which builds upon our longstanding arrangement with Woodside. We consider this to be an affirmation of continued delivery of quality accommodation and service to our guests at AKV.”

The extension reinforces predictability in Aspen Group’s recurring revenue throughout the 2018 financial year.

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For further information, please contact: Joel Cann Emmanuel Zammit Chief Executive Officer Chief Financial Officer Phone: (+61) 2 9151 7500 Phone: (+61) 2 9151 7500 Email: [email protected] Email: [email protected]