ASPEN GROUP — Director's Dealing 2021

Dec 8, 2021

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Aspen Group Limited ABN 50 004 160 927 Aspen Property Trust ARSN 104 807 767 Suite 21, 285A Crown Street Surry Hills NSW 2010 Telephone: 02 9151 7500 Email: homemail@aspengroup.com.au

ASX ANNOUNCEMENT 9 December 2021

Aspen Group (ASX: APZ)

Joint CEO Share Issue

Aspen Group (which comprises Aspen Group Limited and the Aspen Property Trust) (ASX: APZ) advises that Mr David Dixon, the Joint Chief Executive Officer of the Company, has acquired 39,885 stapled securities at the issue price of $1.31 as a result of the short-term incentive payment, as approved by the shareholders in the FY21 Annual General Meeting. Whilst Mr Dixon is not a Director of APZ, this announcement is made to provide transparency to the market.

In addition to the above, Mr Dixon holds a 50% indirect interest in shares in Mill Hill Capital Pty Ltd.

Announcement authorised by the Board of Aspen Group Limited.

END

For further information, please contact: David Dixon John Carter Joint Chief Executive Officer Joint Chief Executive Officer Phone: (+61) 2 9151 7584 Phone: (+61) 2 9151 7586 Email: davidd@aspengroup.com.au Email: johnc@aspengroup.com.au