ASPEN GROUP — Director's Dealing 2021

Dec 1, 2021

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Amended 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 30/09/01 Amended 01/01/11

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	Clive Appleton
Date of last notice	22 December 2020

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

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

Direct or indirect interest	Direct and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Appleton PSF Pty Ltd atf CR & J AppletonPSF A/C - BeneficiaryMs Judith Appleton & Ms Natalie Appletonatf Max Apples Super Fund A/C -Beneficiary
Date of change	30 November 2021
No. of securities held prior to change	76,189 Stapled Securities under AppletonPSF Pty Ltd atf CR & J Appleton PSF A/C475,862 Stapled Securities under CliveRobert Appleton Share Fund 53,562 Stapled Securities under Ms JudithAppleton & Ms Natalie Appleton atf MaxApples Super Fund A/C
Class	Stapled Securities

• See chapter 19 for defined terms.

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number acquired	90,842 Stapled Securities
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$1.33 per Stapled Security
No. of securities held after change	87,618 Stapled Securities under AppletonPSF Pty Ltd atf CR & J Appleton PSF A/C547,241 Stapled Securities under CliveRobert Appleton Share Fund 61,596 Stapled Securities under Ms JudithAppleton & Ms Natalie Appleton atf MaxApples Super Fund A/C
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	Issue of shares as approved at the FY21Annual General Meeting

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.

Appendix 3Y Page 2

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 writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 3