ASPEN GROUP — Director's Dealing 2026

Mar 10, 2026

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	John Carter
Date of last notice	25 November 2025

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 Hurtle Myrtle Pty Ltd atf Carter Evans
(including registered holder) Super Fund. Beneficiary
Note: Provide details of the circumstances giving rise to the relevant interest. Lorwest Pty Ltd atf Lorwest Trust.
Beneficiary
Rupert Baroona Pty Ltd atf Carter Trust.
Beneficiary
Belinda Evans – Spouse
Date of change 10 March 2026
No. of securities held prior to change 1. 1,264,749 Performance rights
665,296 Stapled Securities
2. 3,033,586 Stapled Securities - Hurtle
Myrtle Pty Ltd atf Carter Evans Super
Fund
3. 2,533,353 Stapled Securities - Lorwest
Pty Ltd atf Lorwest Trust
4. 2,109,332 Stapled Securities - Rupert
Baroona Pty Ltd atf Carter Trust
5. 307,580 Stapled Securities – Belinda
Evans
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 Nil
Number disposed 1. 500,000 Stapled Securities
3. 1,000,000 Stapled Securities
Value/Consideration $5.7 per Stapled Security
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after change 1. 1,264,749 Performance rights
165,296 Stapled Securities
2. 3,033,586 Stapled Securities - Hurtle
Myrtle Pty Ltd atf Carter Evans Super
Fund
3. 1,533,353 Stapled Securities - Lorwest
Pty Ltd atf Lorwest Trust
4. 2,109,332 Stapled Securities - Rupert
Baroona Pty Ltd atf Carter Trust
5. 307,580 Stapled Securities – Belinda
Evans
Nature of change On-market trade
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.

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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
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details
and an estimated valuation
Interest after change
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• 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