ASPEN GROUP — Major Shareholding Notification 2008

Nov 27, 2008

FORM 605

Corporations Act 2001

Section 671B

Notice of ceasing to be a Substantial Holder

To: Aspen Group ACN/ARSN: 004 160 927

1. Details of substantial holder

Name: Commonwealth Bank of Australia ACN 123 123 124 (CBA), and its subsidiaries

The holder ceased to be a substantial holder on 25/11/2008 The previous notice was given to the company on 18/11/2008 The previous notice was dated 13/11/2008

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevantinterest changed	Nature of change	Consideration given inrelation to change	Class and number ofsecurities affected	Person's votes affected
See annexure “B” to this
notice.

3. Changes in association

The persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Nature of Association

4. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Avanteos Investments Limited	105 Camberwell Road Hawthorn East Vic 3123
Colonial First State Investment Limited (1)	Level 29, 52 Martin Place, Sydney NSW 2000
Colonial First State Investment Limited (2)	Level 29, 52 Martin Place, Sydney NSW 2000
Commonwealth Bank Officers Superannuation Corporation Pty	Level 9, 48 Martin Place, Sydney NSW 2000
Limited ATF Officers' Superannuation Fund
First State Investments (UK) Limited	23 St Andrew Square Edinburgh EH2 1BB
Colonial First State Investment Limited (3)	Level 29, 52 Martin Place, Sydney NSW 2000

5. Signature

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................................................................................. Dated the 28 day of November 2008. John Damien Hatton – Company Secretary

For any enquiries regarding this notice, please contact Carol Ye on 02 9303 6132 or John Paull on 02 9303 6021.

Annexure A

This is the annexure mark A referred to in Form 605, Notice of ceasing to be a Substantial Holder of Commonwealth Bank of Australia ACN 123 123 124 and certain other companies dated 25/11/2008

John Damien Hatton – Company Secretary

	hn Damien Hatton – Company Secretary
SCHEDULEASB Bank LimitedASB Capital LimitedASB Capital No.2 LimitedASB Group (Life) LimitedASB Holdings LimitedAvanteos Investments Ltd (ACN 096 259 979)Avanteos Pty Limited (ACN 066 862 97)Burdekin Investments LimitedCBA (Delaware) Finance IncorporatedCBA (Europe) Finance LimitedCBA Asia LimitedCBA Capital Trust 1CBA Capital Trust IICBA Funding (NZ) LimitedCBA Funding Trust 1CBA Investments Limited (ACN 000 835 423)CBA NZ Holding LimitedCBA USD Funding LimitedCBCL Australia LimitedCBFC Leasing Pty Limited(ACN 008 520 965)CBFC Limited (ACN 008 519 462)CFS Managed Property Limited(ACN 006 464 428)CMG Asia Life Holdings LimitedCollateral Leasing Pty Limited(ACN 002 681 218)Colonial AFS Services Pty Limited (ACN 083 514 667)Colonial Fiji Life LimitedColonial Finance Limited (ACN 067 105 435)Colonial First State (UK) Holdings LimitedColonial First State Asset Management (Australia) Limited (ACN 114 194 311)Colonial First State Group Limited (ACN 004 405 556)Colonial First State Investments (NZ) LimitedColonial First State Investments Limited (ACN 002 348 352)Colonial First State Property Limited (ACN 085 313 926)Colonial First State Property Management Pty Ltd (ACN 101 504 045)Colonial First State Property Retail TrustColonial Holding Company Limited (ACN 074 706 782)CommBank Europe LimitedCommBankManConsult(Asia)Co LtdCommCapital S.a.r.lCommInternational LimitedCommonwealth Financial Planning Limited(ACN 003 900 169)Commonwealth Insurance Holdings Limited (ACN 088 327 959)Commonwealth Insurance Limited (ACN 067 524 216)Commonwealth Managed Investments Limited (ACN 084 098 180)Commonwealth Securities Limited ( ACN 067 254 399)CommTrading LimitedCopacabana Beach Pty Ltd(ACN 123 047 978)Crystal Avenue Pty Limited(ACN 123 019 956)CTB Australia LimitedD Compartment ABI Lux CoeCommlegal Pty LtdFinancial Wisdom Limited(ACN 006 646 108)First State (HK) LLCFirst State Investment Holdings (Singapore) LtdFirst State Investment Managers ( Asia) Limited (ACN 054 571 701)First State Investments (Cayman) LimitedFringe Pty Ltd (ACN 078 791 901)FS Investments (Bermuda) LtdGreenwood Lending Pty Ltd(ACN 112 461 131)Group Treasury Services NZ Limited(ACN 1761530)GT Funding No6 Ltd Partnership(NSWLP 00000537)GT Investments No 3 Pty Ltd(ACN 126 767 931)GT Operating No.2 Pty Limited(ACN 100 915 517)GT Operating No4 Pty Ltd(ACN 121 276 088)Harboard Beach Pty Ltd(ACN 123 178 450)Hemisphere Lane Pty Ltd(ACN 100 915 400)Homepath Pty Limited (ACN 081 986 530)IWL Limited(ACN 078 119 212)Jacques Martin Administration and Consulting Pty Limited(ACN 006 787 748)Kiwi Income Properties LimitedKiwi Property Management LimitedLily Pty Ltd(ACN 124 503 117)Loft No 3 Pty Ltd(ACN 118 488 234)Luca Limited PartnershipM-Land Pty Ltd(ACN 106 099 923)Medallion Series Trust 2006 1GMedallion Trust Series 2003-1GMedallion Trust Series 2004-1GMedallion Trust Series 2005-1GMedallion Trust Series 2005-2GMedallion Trust Series 2007 4PMedallion Trust Series 2007 5PMedallion Trust Series 2007-1GMedallion Trust Series 2008-1RMIS Funding No1 Pty Limited(ACN 119 268 905)National Bank of Fiji LimitedNewport LimitedPadang Pty Ltd(ACN 106 099 496)Pavillion and Park LimitedPERLS II Trust (ARSN 107 133 488)PERLS III Trust (formally Preferred Capital Limited )Pontoon (Funding)PLCPrime Investment Entity Limited(ACN 065 915 139)PT Astra CMG LifePT Bank CommonwealthSecuritisation Advisory Services Pty Ltd(ACN 064 133 946)Series 2001-IG Medallion TrustSeries 2002-IG Medallion TrustShare Investments Pty Limited(ACN 010 035 837)SHIELD Series 21SHIELD Series 50Sovereign Group LimitedSovereign LimitedSparad (No. 24) Pty Limited ( ACN 057 975 087)Watermark Limited	HEDULESB Bank LimitedASB Capital No.2 LimitedASB Holdings LimitedAvanteos Pty Limited (ACN 066 862 97)BurA (Delaware) Finance IncorporatedCBA Asia LimitedCB	B Capital LimitedB Group (Life) Limitanteos Investments Ldekin Investments LA (Europe) Finance	edtd (ACN 096 259 979imitedLimited	)
		A Capital Trust 1

End of Annexure A

Annexure B

This is the annexure mark B referred to in Form 605, Notice of ceasing to be a Substantial Holder of Commonwealth Bank of Australia ACN 123 123 124 and certain other companies dated 25/11/2008

John Damien Hatton – Company Secretary

Colonial First State Investment Limited (2)

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----- Start of picture text ----- Date Registered Company Transaction type Quantity Consideration20 Nov 2008 Citicorp Nominees Pty Limited SELL -7500 -322521 Nov 2008 Citicorp Nominees Pty Limited SELL -18400 -885625 Nov 2008 Citicorp Nominees Pty Limited SELL -33434 -18073Total -59334 -30154Entity Total -59334 -30154Colonial First State Investment Limited (3)Date Registered Company Transaction type Quantity Consideration14 Nov 2008 Citicorp Nominees Pty Limited SELL -96 -5914 Nov 2008 Citicorp Nominees Pty Limited SELL -88 -5317 Nov 2008 Citicorp Nominees Pty Limited SELL -20855 -1101417 Nov 2008 Citicorp Nominees Pty Limited SELL -6 -318 Nov 2008 Citicorp Nominees Pty Limited SELL -33069 -1615818 Nov 2008 Citicorp Nominees Pty Limited SELL -472 -23419 Nov 2008 Citicorp Nominees Pty Limited SELL -8051 -370919 Nov 2008 Citicorp Nominees Pty Limited SELL -499 -24420 Nov 2008 Citicorp Nominees Pty Limited SELL -7501 -323921 Nov 2008 Citicorp Nominees Pty Limited SELL -11195 -499021 Nov 2008 Citicorp Nominees Pty Limited SELL -5629 -255424 Nov 2008 Citicorp Nominees Pty Limited SELL -1957 -102925 Nov 2008 Citicorp Nominees Pty Limited SELL -62305 -3357625 Nov 2008 Citicorp Nominees Pty Limited SELL -3871 -2129Total -155594 -78991Entity Total -155594 -78991Colonial First State Investment Limited (1)Date Registered Company Transaction type Quantity Consideration20 Nov 2008 Citicorp Nominees Pty Limited BUY 7500 3225Total 7500 3225Entity Total 7500 3225Grand Total -207428 -105920----- End of picture text -----

End of Annexure B