Head Office, Perth, Western Australia. Septimus Roe Square.

The Aspen Group Dividend and Distribution Reinvestment Plan (DRP) provides holders of Aspen Group stapled securities with a convenient method of reinvesting all or a part of their dividends and distributions in additional Securities in the Aspen Group.

DRP Securities will be issued at a discount of 2.5% to the weighted average price of the Stapled Securities sold on the Australian Stock Exchange Limited on the 5 business days after the Stapled Securities are quoted ex-distribution.

If you have not elected to participate in the DRP and wish to do so, please contact Computershare or visit their website, to submit and election notice by 30 July 2010.

A copy of the plan booklet can be viewed on the attached link.

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