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ASPEN GROUP Major Shareholding Notification 2010

Feb 25, 2010

64404_rns_2010-02-25_3817342d-d409-4813-b966-f79708877969.pdf

Major Shareholding Notification

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FORM 605 Corporations Act 2001 Section 671B

NOTICE OF CEASING TO BE A SUBSTANTIAL HOLDER

To: Company Name/Scheme

APZ - Aspen Group

004 160 927

ACN/ARSN 004 160 927 1. Details of Substantial Holder(1) Name Acorn Capital Limited ACN/ARSN (if applicable) 082 694 531 There was a change in the interests of the 25-Feb-2010 substantial holder on The previous notice was given to the company on 05-Jan-2009 The previous notice was dated 05-Jan-2009

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 relevant Nature of Consideration given in Class and number of Person's votes
interest changed change relation to change securities affected affected
05-Nov-2009 to25-Feb-2010 Acorn Capital Limited Sale ($7,649,865.01) 16,319,823 16,319,823

3. Changes in Associates

The persons who have become associates (2) of, ceased to be associates, or have change the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

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

Print Name DOUGLAS LOH Capacity Portfolio Manager

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Date 26-Feb-2010

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