Aspen Group announced the extension of the appointment of Mr. Hugh Martin as Interim Chief Executive Officer of Aspen, effective immediately. The intention to appoint Mr. Guy Farrands to the Aspen Group Board as a Non-Executive Director, with effect from 26 November 2012. Mr. Terry Budge has advised he will not seek re-election to the Aspen Group Board at the Annual General Meeting to be held later on November 23, 2012.

The appointment of Mr. Farrands continues the renewal of the Board ­ a process that commenced in April this year and led to the appointments of Mr. Hugh Martin and Mr. Clive Appleton.