ASPEN GROUP — Capital/Financing Update 2018

Jul 5, 2018

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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: homemail@aspengroup.com.au

ASX ANNOUNCEMENT 6 July 2018

Aspen Group finalises Midvale property sale

Aspen Group Limited (ASX: APZ) as trustee for the Midland Property Trust, is pleased to announce that all special conditions for the sale of its Midvale property have been satisfied and the contract is now unconditional. Gross contract value of sale is $2.5 million with settlement scheduled for 28 July 2018.

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

“Midvale is the sole remaining asset in our non-core portfolio and this sale allows the group to continue its growth strategy towards rebuilding its core portfolio within the affordable accommodation sector.”

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For further information, please contact:Joel CannChief Executive OfficerPhone: (+61) 2 9151 7500Email: joelc@aspengroup.com.au	Emmanuel ZammitChief Financial OfficerPhone: (+61) 2 9151 7500Email: emmanuelz@aspengroup.com.au