ASPEN GROUP — Share Issue/Capital Change 2013

Oct 24, 2013

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Level 3, 129 St Georges Tce Pert h WA 6000 PO Box Z5025, St Georges Tce Pert h WA 6831

T + 61 8 9220 8400 F + 61 8 9220 8401

w w w w .aspengroup.com .au

25 October 2013

ASX Market Announcements Australian Securities Exchange Limited Exchange Plaza, 2 The Esplanade Perth WA 6000

By e-lodgement

Dear Sirs

UPDATE ON SHARE CONSOLIDATION

As of today, Aspen Group Limited (Aspen) advises that as a result of the 1:10 share consolidation approved by securityholders at the annual general meeting on 23 October 2013, its securities will be trading temporarily on a deferred settlement basis over the consolidation period, under ASX code APZDA as below:-

1. Commencing today, Friday 25 October 2013 , the consolidation process commences and the securities will trade under APZDA (stapled securities). The number of APZDA traded is on a post consolidation basis.

2. The consolidation period will end on or around 8 November 2013 , and the securities will commence trading on a normal settlement basis, back under the code APZ.

3. Despatch of statements to securityholders will occur by 8 November 2013 .

Regards,

Eric Lee Company Secretary