ASPEN GROUP — Director's Dealing 2025

Sep 1, 2025

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	entityAspen 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	David Dixon
Date of last notice	27 November 2024

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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----- Start of picture text ----- Direct or indirect interest Direct and indirectNature of indirect interest Vine Street Investments Pty Ltd <Vine(including registered holder) Street Investment A/C>Note: Provide details of the circumstances giving rise to the relevant Mr Dixon is a Director and Shareholderinterest.Mr David Allan Dixon + Ms CatherineLouise Ramm < DD Super A/C>Date of change 1 September 2025No. of securities held prior to change 1. 1,204,886 Performance Rights -Direct2. 7,630,610 Stapled Securities - VineStreet Investments Pty Ltd <VineStreet Investment A/C3. 291,076 Stapled Securities - Mr DavidAllan Dixon + Ms Catherine LouiseRamm < DD Super A/C>Class Stapled Securities----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

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----- Start of picture text ----- Number acquired 340,136 Stapled SecuritiesNumber disposed 340,136 Performance RightsValue/Consideration Stapled Securities issued for nilNote: If consideration is non-cash, provide details and estimated consideration on conversion ofvaluationperformance rights. Estimated value perStapled Security on date of issues is $4.34.No. of securities held after change 1. 864,749 Performance Rights -Direct2. 7,630,610 Stapled Securities - VineStreet Investments Pty Ltd <VineStreet Investment A/C3. 631,212 Stapled Securities - Mr DavidAllan Dixon + Ms Catherine LouiseRamm < DD Super A/C>Nature of change Issue of stapled securities on conversion ofExample: on-market trade, off-market trade, exercise of options, performance rights.issue of securities under dividend reinvestment plan, participation inbuy-back----- End of picture text -----

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.

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----- Start of picture text ----- Detail of contract N/ANature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuationInterest after change----- End of picture text -----

Part 3 –[+] Closed period

• See chapter 19 for defined terms.

Appendix 3Y Page 2

Appendix 3Y Change of Director’s Interest Notice

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