ASPEN GROUP — Director's Dealing 2025

Jun 17, 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	John Freedman
Date of last notice	20 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 DirectNature of indirect interest N/A(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.Date of change 17 June 2025No. of securities held prior to change 40,383 Stapled SecuritiesClass Stapled SecuritiesNumber acquired 2,800 Stapled SecuritiesNumber disposed NilValue/Consideration $2.90 per stapled securityNote: If consideration is non-cash, provide details and estimatedvaluationNo. of securities held after change 43,183 Stapled Securities----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Issue of stapled securities pursuant to Example: on-market trade, off-market trade, exercise of options, issue Securities Purchase Plan announced of securities under dividend reinvestment plan, participation in buyback on ASX on 15 May 2025

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 interest N/AName of registered holder N/A(if issued securities)Date of change N/ANo. and class of securities to N/Awhich interest related prior tochangeNote: Details are only required for a contract inrelation to which the interest has changedInterest acquired N/AInterest disposed N/AValue/Consideration N/ANote: If consideration is non-cash, providedetails and an estimated valuationInterest after change N/A----- End of picture text -----

Part 3 –[+] Closed period

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2