ASPEN GROUP — Director's Dealing 2015

Feb 25, 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	Clem Salwin
Date of last notice	11 November 2014

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		25 February 2015 26 February 2015
No. of securities held prior to change		i. 641,734 Stapled Securities ii. 1,354,604 Performance Rights iii. 1,729,412 Options
Class		i. Stapled Securities ii. Performance Rights iii. Options
Number acquired		345,000 Stapled Securities (25 Feb 2015) 49,687 Stapled Securities (26 Feb 2015) 394,687 Stapled Securities (Total)
Number disposed		Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		345,000 @ $1.26 per Stapled Security 49,687 @ $1.2562 per Stapled Security
No. of securities held after change		i. 1,036,421 Stapled Securities ii. 1,354,604 Performance Rights iii. 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 On-market trade Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

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

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

30/9/2001