ASPEN GROUP — Director's Dealing 2014

Sep 24, 2014

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	Frank Zipfinger
Date of last notice	16 September 2013

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
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	i)	24 September 2014
	ii)	25 September 2014
No. of securities held prior to change	100,000	Stapled Securities
Class	Stapled	Securities
Number acquired	i)	61 Stapled Securities
	ii)	19,878 Stapled Securities
Number disposed
Value/Consideration	i)	$1.25 per Stapled Security
Note: If consideration is non-cash, provide details and estimated valuation	ii)	$1.30 per Stapled Security
No. of securities held after change	119,939	Stapled Securities
Nature of change	On-market trade
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back

• 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

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

	re:ct	t 2 – Change of director’s interIn the case of a company, interests which comeor” should be disclosed in this part.	t 2 – Change of director’s interIn the case of a company, interests which comeor” should be disclosed in this part.	ests in contwithin paragraph (ii	ests in contwithin paragraph (ii	racts) of the d	efinition of	“notifiable int	erest o	f a
D	e	tail of contract		N/A
N	a	ture of interest
Name of registered holder(if issued securities)	ame of registered holderf issued securities)	me of registered holder
Date of change
No. and class of securities towhich interest related prior tochangeNote: Details are only required for a contract inrelation to which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, providedetails and an estimated valuation
Interest after change

Part 3 – Closed Period

Were the interests in the securities or contractsdetailed above traded during a closed period where**prior written clearance was required? **	No
If so, was prior written clearance provided to allow thetrade toproceed during thisperiod?	N/A
If prior written clearance was provided, on what datewas thisprovided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

30/9/2001