ASPEN GROUP — Capital/Financing Update 2022

Nov 22, 2022

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Aspen Group Limited ABN 50 004 160 927 Aspen Property Trust ARSN 104 807 767

Suite 21 285A Crown Street Surry Hills NSW 2010 Telephone: 02 9151 7500 Email: homemail@aspengroup.com.au

ASX ANNOUNCEMENT 23 November 2022

ASPEN GROUP (ASX: APZ)

RELEASE OF SECURITIES FROM VOLUNTARY ESCROW

In accordance with ASX Listing Rule 3.10A, we advise that 79,770 fully paid ordinary stapled securities, each comprising one ordinary share in Aspen Group Limited and one ordinary unit in the Aspen Property Trust, stapled together on a 1:1 basis, issued on 6 December 2021, will be released from voluntary escrow on 5 December 2022.

Authorised for release by the Company Secretary, Mark Licciardo.

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For further information, please contact: David Dixon John Carter Joint Chief Executive Officer Joint Chief Executive Officer Phone: (+61) 2 9151 7584 Phone: (+61) 2 9151 7586 Email: davidd@aspengroup.com.au Email: johnc@aspengroup.com.au