ASPEN GROUP — Director's Dealing 2022

Sep 11, 2022

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 30/09/01 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	John Carter
Date of last notice	1 June 2022

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.	Indirect:Hurtle Myrtle Pty Ltd atf Carter EvansSuper Fund. BeneficiaryLorwestPtyLtdatfLorwestTrust.BeneficiaryRupert Baroona Pty Ltd atf Carter Trust.BeneficiaryBelinda Evans(spouse)
Date of change	12 September 2022
No. of securities held prior to change	1. 585,589 Performance rights2. 9,187,342 Stapled Securities – Mill HillCapital Pty Ltd3. 1,368,162 Stapled Securities - HurtleMyrtle Pty Ltd atf Carter Evans SuperFund4. 335,692 Stapled Securities - LorwestPty Ltd atf Lorwest Trust5. 1,299,536 Stapled Securities - RupertBaroona PtyLtd atf Carter Trust
Class	Stapled Securities

• See chapter 19 for defined terms.

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number acquired	1. 662,046 Stapled Securities – John	1. 662,046 Stapled Securities – John
	Carter
	3. 1,655,080 Stapled Securities	-
	Hurtle Myrtle Pty Ltd atf Carter
	Evans Super Fund
	4. 1,159,169 Stapled Securities	-
	Lorwest Pty Ltd atf Lorwest Trust
	5. 809,796StapledSecurities	-
	Rupert Baroona Pty Ltd atf Carter
	Trust
	6. 307,580StapledSecurities	–
	Belinda Evans
Number disposed	2. 9,187,342 Stapled Securities – Mill
	Hill Capital Pty Ltd
Value/Consideration	Nil consideration.
Note: If consideration is non-cash, provide details and estimatedvaluation	Estimated price $1.47 based on APZclosing price at 30 June 2022
No. of securities held after change	1. 585,589 Performance rights
	662,046 Stapled Securities
	2. Nil
	3. 3,023,242 Stapled Securities - Hurtle
	Myrtle Pty Ltd atf Carter Evans Super
	Fund
	4. 1,494,861StapledSecurities	-
	Lorwest Pty Ltd atf Lorwest Trust
	5. 2,109,332 Stapled Securities - Rupert
	Baroona Pty Ltd atf Carter Trust
	6. 307,580 Stapled Securities – Belinda
	Evans
Nature of change	Off- market transfer
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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

Appendix 3Y Change of Director’s Interest Notice

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 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