ASPEN GROUP — Director's Dealing 2023

Aug 21, 2023

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	Clive Appleton
Date of last notice	27 June 2023

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 relevant interest.	Appleton PSF Pty Ltd atf CR & J Appleton PSF A/C - Beneficiary MaxApples Pty Ltd atf MaxApples Super Fund A/C- Beneficiary
Date of change	18 August 2023 and 21 August 2023
No. of securities held prior to change	196,605 Stapled Securities under Appleton PSF Pty Ltd atf CR & J Appleton PSF A/C 566,228 Stapled Securities under Clive Robert Appleton Share Fund 80,583 Stapled Securities under MaxApples Pty Ltd atf MaxApples Super Fund A/C
Class	Stapled Securities

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	3,395 Stapled Securities - Appleton PSF Pty Ltd atf CR & J Appleton PSF A/C 33,772 Stapled Securities - Clive Robert Appleton Share Fund
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	3,395 Stapled Securities at $1.7500 per Stapled Security 33,772 Stapled Securities at $1.7600 per Stapled Security
No. of securities held after change	200,000 Stapled Securities under Appleton PSF Pty Ltd atf CR & J Appleton PSF A/C 600,000 Stapled Securities under Clive Robert Appleton Share Fund 80,583 Stapled Securities under MaxApples Pty Ltd atf MaxApples Super Fund A/C
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	On-market purchase

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

Appendix 3Y Change of Director’s Interest Notice

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 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 to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 3