ASPEN GROUP — Director's Dealing 2026

Mar 9, 2026

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Aspen Group Limited ABN 50 004 160 927 Suite 21, 285A Crown Street Surry Hills NSW 2010 Telephone: 02 9151 7500 Email: homemail@aspengroup.com.au

ASX ANNOUNCEMENT 10 March 2026

Aspen Group – Share Sales by Joint CEOs

Aspen Group (ASX: APZ) advises that Joint CEOs David Dixon and John Carter have sold a total of 3.5 million APZ securities, equating to 18% of their combined interests in the group, via a block trade. An Appendix 3Y for the securities sales will be lodged on ASX separately.

This is the first time the CEOs have sold an interest in APZ securities. The CEOs initially acquired the majority of their interest in 2015 and joined APZ as executives in 2019. The sale was undertaken for diversification purposes.

After completion of the sale, the Joint CEOs will own a combined total interest in 13.4 million securities representing 5.9% of total securities currently on issue. They own a further 2.5 million rights over securities in their long term incentive plan that are subject to vesting hurdles.

The Joint CEOs confirm they have no current intention to sell any additional APZ securities and remain passionately committed to the continued success and profitable growth of the business over the long term.

The sale of securities was undertaken in accordance with Aspen’s securities trading policies.

Announcement authorised by the Board of Aspen Group Limited.

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For further information, please contact:

David Dixon Joint Chief Executive Officer Phone: (+61) 2 9151 7584 Email: davidd@aspengroup.com.au

John Carter Joint Chief Executive Officer Phone: (+61) 2 9151 7586 Email: johnc@aspengroup.com.au

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Disclaimer

Aspen Group (ASX: APZ) comprises the stapling of Aspen Group Limited and Aspen Property Trust ("Aspen") . The Responsible Entity (“RE”) of the Aspen Property Trust is Evolution Trustees Limited (ABN 29 611 839 519, AFSL 486217). This announcement has been prepared by Aspen Group Limited on behalf of Aspen and should not be considered in any way to be an offer, invitation, solicitation or recommendation with respect to the subscription for, purchase or sale of any security, and neither this document nor anything in it shall form the basis of any contract or commitment. Prospective investors should make their own independent evaluation of an investment in Aspen. Nothing in this announcement constitutes investment, legal, tax or other advice. The information in this announcement does not take into account your investment objectives, financial situation or particular needs. The information does not purport to constitute all of the information that a potential investor may require in making an investment decision.

Aspen has prepared this announcement based on information available to it. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this announcement. To the maximum extent permitted by law, none of Aspen, its directors, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising from fault or negligence on the part of any of them or any other person, for any loss arising from the use of this announcement or its contents or otherwise arising in connection with it.

This announcement contains forward looking information. Indications of, and guidance on, future earnings, distributions and financial position and performance are forward looking statements. Forward looking statements are based on Aspen’s current intentions, plans, expectations, assumptions, and beliefs about future events and are subject to risks, uncertainties and other factors which could cause actual results to differ materially. Aspen and its related bodies corporate and their respective directors, officers, employees, agents, and advisers do not give any assurance or guarantee that the occurrence of any forward-looking information, view or intention referred to in this announcement will actually occur as contemplated. All references to dollar amounts are in Australian currency.

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Koala Shores Holiday Park, NSW

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