ASPEN GROUP — Director's Dealing 2023

Jun 26, 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

documents given to ASX become ASX’s property and may be made public.Introduced 30/09/01 Amended 01/01/11
Name of entityAspen Group
ABN50 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	12 October 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.	Appleton PSF Pty Ltd atf CR & J AppletonPSF A/C - BeneficiaryMaxApples Pty Ltd atf MaxApples SuperFund A/C- Beneficiary
Date of change	26 June 2023
No. of securities held prior to change	146,605 Stapled Securities under AppletonPSF Pty Ltd atf CR & J Appleton PSF A/C566,228 Stapled Securities under CliveRobert Appleton Share Fund 80,583StapledSecuritiesunderMaxApples Pty Ltd atf MaxApples SuperFund 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	50,000 Stapled Securities - Appleton PSFPty Ltd atf CR & J Appleton PSF A/C
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$1.8010 per Stapled Security
No. of securities held after change	196,605 Stapled Securities under AppletonPSF Pty Ltd atf CR & J Appleton PSF A/C566,228 Stapled Securities under CliveRobert Appleton Share Fund 80,583StapledSecuritiesunderMaxApples Pty Ltd atf MaxApples SuperFund A/C
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof 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 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