ASPEN GROUP — Director's Dealing 2014

Sep 21, 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	Clem Salwin
Date of last notice	12 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	17 September 2014
No. of securities held prior to change	i.576,472 Stapled Securitiesii.528,018 Performance Rightsiii.1,729,412 Options
Class	i.Stapled Securitiesii.Performance Rightsiii.Options
Number acquired	i.65,262 Stapled Securities
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	i.$1.267 per Stapled Security
No. of securities held after change	i.641,734 Stapled Securitiesii.528,018 Performance Rightsiii.1,729,412 Options

• See chapter 19 for defined terms.

Appendix 3Y Page 1

30/9/2001

Appendix 3Y Change of Director’s Interest Notice

Nature of change	i.	StapledSecuritiesgrantedas
Example: on-market trade, off-market trade, exercise of options, issue of		deferred consideration under the
securities under dividend reinvestment plan, participation in buy-back		Short Term Incentive Policy (STI)
		and in accordance with approval
		granted by securityholders at a
		general meeting of 6 September
		2013. The securities are subject of
		an 18 month trading lock.

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.

Detail of contract	N/A
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to
which interest related prior to
change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide
details and an estimated valuation
Interest after change

Part 3 – Closed Period

Part 3 – Closed Period
Were the interests in the securities or contracts	No
detailed above traded during a closed period where
**prior written clearance was required? **
If so, was prior written clearance provided to allow the	N/A
trade toproceed during thisperiod?
If prior written clearance was provided, on what date	N/A
was thisprovided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

30/9/2001