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ASPEN GROUP M&A Activity 2015

Oct 21, 2015

64404_rns_2015-10-21_65a807c1-bc56-4bea-9977-e3c8f7b96ba3.pdf

M&A Activity

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==> picture [198 x 80] intentionally omitted <==

Aspen Group Limited ABN 50 004 160 927 Aspen Property Trust ARSN 104 807 767 Level 18, 9 Hunter Street Sydney NSW 2000 Telephone: 02 9151 7500 Facsimile: 02 9151 7599 Email: [email protected]

MARKET RELEASE

ASX ANNOUNCEMENT 22 October 2015

Acquisition of inner Adelaide caravan park completed

Aspen Group (ASX:APZ) advises that settlement was completed for the acquisition of Adelaide Caravan Park, as previously announced on 6 October, 2015. The acquisition price was $9.25 million, of which $0.9 million is subject to a deferred settlement of up to two years.

END

For further information please contact:Clem SalwinChief Executive OfficerPhone: (+61) 2 9151 7500Email: [email protected] For media enquiries:David TaskerProfessional Public RelationsPhone: (+61) 8 9388 0944Mobile: (+61) 433 112 936Email: [email protected]