ASPEN GROUP — Director's Dealing 2015

Mar 1, 2015

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	John Carter
Date of last notice	23 February 2015

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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances givingrise to the relevant interest.	i.Belinda Jane Evans:Spouse, who has agreed to dispose of stapled securitiesat the direction of John Carterii.Lorwest Pty Ltd:John Carter is a shareholder and a director of thetrusteeiii.Rupert Baroona Pty Ltd:John Carter is a shareholder and a director of the trusteeiv.Rupert Baroona Pty Ltd ATF Carter Evans Super Fund:John Carter is a shareholder and a director of the trustee
Date of change	27 February 2015
No. of securities held prior to change	i.370,000 stapled securitiesii.869,329 stapled securitiesiii.974,135 stapled securitiesiv.1,016,000 stapled securities
Class	Stapled Securities

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired		975,000 (Lorwest Pty Ltd)525,000(Rupert Baroona Pty Ltd ATF Carter Evans Super)1,500,000
Number disposed		Nil
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation		$1.26 per Stapled Security
No. of securities held after change		i.370,000 stapled securitiesii.1,394,329 stapled securitiesiii.974,135 stapled securitiesiv.1,991,000 stapled securities
Nature of changeExample:on-markettrade,off-markettrade,exercise of options, issue of securities underdividend reinvestment plan, participation in buy-back		On-market trade

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 whichinterest related prior to changeNote: 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, provide detailsand an estimated valuation
Interest after change

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Part 3 – Closed Period

Part 3 – Closed Period
Were the interests in the securities or contracts detailedabove 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 date wasthisprovided?	N/A

• See chapter 19 for defined terms.

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