• Offer price of $2.90 per new stapled security
• Aims to raise up to $4 million
• Funds to be used to reduce debt and strengthen balance sheet
• Open to eligible securityholders in Australia and New Zealand

Aspen Group is conducting a security purchase plan (SPP) to provide eligible securityholders in Australia and New Zealand the opportunity to acquire up to $30,000 worth of new stapled securities in the company without paying any brokerage, commissions or other transaction costs. The new stapled securities will be issued at $2.90 per security, the same price as the recent $70.18 million institutional placement. The SPP aims to raise up to $4 million and is not underwritten. If the total value of applications exceeds $4 million, Aspen will scale back applications. The new stapled securities will rank equally with existing securities and will be entitled to the distribution for the half year ending 30 June 2025. Participation in the SPP is optional and is open to eligible securityholders who were holders of Aspen securities on the record date of 14 May 2025. The purpose of the Offer is to initially reduce debt to strengthen Aspen's balance sheet and put it in a better position to pursue acquisition opportunities.