Company Aspen Group Ltd. TEL AVIV STOCK EXCHANGE

Aspen Group Ltd is an Israel-based company that specializes in high yield income producing real estate and the development of leisure and residential projects in Israel and abroad. The Company has also started renewable energy projects in Israel and is looking at other locations such as Italy and Spain. Aspen Group Ltd is the parent company of Aspen Real Estate and Aspen Properties (1990). The Group owns a total of 317,000-square meters of property, rented out to more than 300 tenants. Aspen Real Estate Company is engaged in high yield income producing real estate in Israel and abroad, with properties in Israel designated primarily for rental by industry and logistics companies. Aspen Properties (1990) owns commercial properties, malls and office buildings. On June 5, 2012, the Company's subsidiary completed the acquisition of a solar park in southern Italy. The solar park converts energy generated by the sun at a 1 mega-watt output.