ASPEN GROUP — Director's Dealing 2025

Jun 16, 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 Carter
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.

==> picture [408 x 325] intentionally omitted <==

----- Start of picture text ----- Direct or indirect interest Direct and indirectNature of indirect interest Hurtle Myrtle Pty Ltd atf Carter Evans(including registered holder) Super Fund. BeneficiaryNote: Provide details of the circumstances giving rise to the relevant interest. Lorwest Pty Ltd atf Lorwest Trust.BeneficiaryRupert Baroona Pty Ltd atf Carter Trust.BeneficiaryBelinda Evans – SpouseDate of change 17 June 2025No. of securities held prior to change 1. 1,204,885 Performance rights665,296 Stapled Securities2. 3,023,242 Stapled Securities - HurtleMyrtle Pty Ltd atf Carter Evans SuperFund3. 2,193,217 Stapled Securities - LorwestPty Ltd atf Lorwest Trust4. 2,109,332 Stapled Securities - RupertBaroona Pty Ltd atf Carter Trust5. 307,580 Stapled Securities – BelindaEvansClass Stapled Securities----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

==> picture [408 x 277] intentionally omitted <==

----- Start of picture text ----- Number acquired 2. 10,344 Stapled SecuritiesNumber disposed NilValue/Consideration $2.90 per Stapled SecurityNote: If consideration is non-cash, provide details and estimatedvaluationNo. of securities held after change 1. 1,204,885 Performance rights665,296 Stapled Securities2. 3,033,586 Stapled Securities - HurtleMyrtle Pty Ltd atf Carter Evans SuperFund3. 2,193,217 Stapled Securities - LorwestPty Ltd atf Lorwest Trust4. 2,109,332 Stapled Securities - RupertBaroona Pty Ltd atf Carter Trust5. 307,580 Stapled Securities – BelindaEvansNature of change Issue of staple securities pursuant toExample: on-market trade, off-market trade, exercise of options, Securities Purchase Plan announced onissue of securities under dividend reinvestment plan, participation inbuy-back ASX on 15 May 2025----- 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.

==> picture [408 x 299] intentionally omitted <==

----- 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 -----

• See chapter 19 for defined terms.

Appendix 3Y Page 2

Appendix 3Y Change of Director’s Interest Notice

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