ASPEN GROUP — Share Issue/Capital Change 2021

Dec 6, 2021

Application for quotation of +securities

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Announcement Summary

Entity name

ASPEN GROUP

Announcement Type

New announcement

Date of this announcement

Tuesday December 07, 2021

The +securities to be quoted are:

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Other

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
New code to be	FULLY PAID ORDINARY/UNITS STAPLED	79,770	06/12/2021
confirmed	SECURITIES - NEW

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

ASPEN GROUP

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

ABN

Registration number 50004160927

1.3 ASX issuer code

APZ

1.4 The announcement is

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New announcement

1.5 Date of this announcement

7/12/2021

Application for quotation of +securities

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Application for quotation of +securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

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Other

2.2 The +securities to be quoted are:

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Additional +securities in a class that is already quoted on ASX ("existing class")

2.3c Have these +securities been offered under a +disclosure document or +PDS?

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No

2.3d Please provide any further information needed to understand the circumstances in which you are applying to have these +securities quoted on ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

Shares are issued as a result of short term incentive payment approved by the shareholders at FY21 Annual General Meeting

• 2.4 Any on-sale of the +securities to be quoted within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f)

Application for quotation of +securities

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Application for quotation of +securities

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Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an Appendix 3B

Additional +securities to be quoted in an existing class

ASX +security code and description APZ : FULLY PAID ORDINARY/UNITS STAPLED SECURITIES Issue date 6/12/2021 Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? No If some of the issued +securities do not rank equally: Is the actual date from which the +securities will rank Provide the actual non-ranking end date equally (non-ranking end date) known? Yes 5/12/2022 Please state the extent to which the +securities do not rank equally: In relation to the next dividend, distribution or interest payment; or For any other reason 79,770 shares will rank equally with other existing fully paid ordinary shares once issued except that they are under voluntary escrow which expires on 5 December 2022

Application for quotation of +securities

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Application for quotation of +securities

Issue details

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Number of +securities to be quoted

79,770

Are the +securities being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

Shares are issued as a result of short term incentive payment approved by the shareholders at FY21 Annual General Meeting

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

1.310000

Any other information the entity wishes to provide about the +securities to be quoted

The shares will be under voluntary escrow which expires on 5 December 2022

The purpose(s) for which the entity is issuing the securities

Other

Please provide additional details

Shares are issued as a result of short term incentive payment approved by the shareholders at FY21 Annual General Meeting

Application for quotation of +securities

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Application for quotation of +securities

Part 4 - Issued capital following quotation

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Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application)

Total number of ASX +security code and description +securities on issue APZ : FULLY PAID ORDINARY/UNITS STAPLED SECURITIES 139,568,272

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)

Total number of ASX +security code and description +securities on issue APZAI : PERFORMANCE RIGHTS 2,440,376

Application for quotation of +securities

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Application for quotation of +securities

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Part 5 - Other Listing Rule requirements

5.1 Are the +securities being issued under an exception in Listing Rule 7.2 and therefore the issue does not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

14

Application for quotation of +securities

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