ASPEN GROUP — Director's Dealing 2007

Nov 5, 2007

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity:	Aspen Group
	ABN 50 004 160 927

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Matthew McCann
Date of last notice	8 August 2007

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

	Direct or indirect interest	Direct or indirect interest	Direct	Direct	Direct
	Nature of indirect interest(including registered holder)
	Note:intere	Provide details of the circumstances giving rise to the relevantst.
	Date	of change		2 November 2007 & 5 Novem	ber 2007
	No of securities held prior to change			0 Staled Securities
	.			p
	Clas	s		Stapled Securities
	Number acquired		80,000 Stapled Securities
	Number disposed
	Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation		$2.69 cents per stapled security
	No. of securities held after change		Stapled Securities
	Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back		On Market.

• See chapter 19 for defined terms.

Appendix 3Y Page 1

30/9/2001

Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

==> picture [434 x 319] intentionally omitted <==

----- Start of picture text ----- Detail of contractNature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, providedetails and an estimated valuationInterest after change----- End of picture text -----

• See chapter 19 for defined terms. Appendix 3Y Page 2

30/9/2001