ASPEN GROUP — Director's Dealing 2024

May 7, 2024

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	22 August 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.

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Direct or indirect interest Direct and Indirect
Nature of indirect interest Appleton PSF Pty Ltd atf CR & J Appleton
(including registered holder) PSF A/C - Beneficiary
Note: Provide details of the circumstances giving rise to the relevant interest. MaxApples Pty Ltd atf MaxApples Super
Fund A/C- Beneficiary
Date of change 2 May 2024,
3 May 2024 and
6 May 2024
No. of securities held prior to 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
Class Stapled Securities
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• See chapter 19 for defined terms.

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

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Number acquired 32,076 Stapled Securities - Clive Robert
Appleton Share Fund
10,401 Stapled Securities - Clive Robert
Appleton Share Fund
1,860 Stapled Securities - Clive Robert
Appleton Share Fund
Number disposed Nil
Value/Consideration 32,076 Stapled Securities at $1.7456 per
Note: If consideration is non-cash, provide details and estimated valuation Stapled Security
10,401 Stapled Securities at $1.7300 per
Stapled Security
1,860 Stapled Securities at $1.7300 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
644,337 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 On-market purchase
Example: on-market trade, off-market trade, exercise of options, issue
of securities under dividend reinvestment plan, participation in buy-
back
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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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

Appendix 3Y Change of Director’s Interest Notice

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

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required?

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

• See chapter 19 for defined terms.

Appendix 3Y Page 3