Mangrove Partners Reports 17% Stake in Asta Funding Inc (ASFI); Plans Tender Offer for 3.0 Mln Shares

Page 12 of 17 SEC Filing

F.	MPF InvestCo 4

(a)

As of the close of business on the date hereof, MPF InvestCo 4 directly owned 0 Shares.

Percentage: Approximately 0.00%

(b)

1. Sole power to vote or direct vote: 0

2. Shared power to vote or direct vote: 0

3. Sole power to dispose or direct the disposition: 0

4. Shared power to dispose or direct the disposition: 0

(c)

MPF InvestCo 4 has not entered into any transactions in the Shares during the past sixty (60) days.

G.	Nathaniel August

(a)

As of the close of business on the date hereof, Mr. August did not directly own any Shares. As a director of each of Mangrove Partners and Mangrove Capital, Mr. August may be deemed to beneficially own the 2,102,427 Shares directly owned by Mangrove Master Fund.

Percentage: Approximately 17.4%

(b)

1. Sole power to vote or direct vote: 0

2. Shared power to vote or direct vote: 2,102,427

3. Sole power to dispose or direct the disposition: 0

4. Shared power to dispose or direct the disposition: 2,102,427

(c)

Mr. August has not entered into any transactions in the Shares during the past sixty (60) days.

As of the close of business on the date hereof, the Reporting Persons collectively beneficially owned an aggregate of 2,102,427 Shares, constituting approximately 17.4% of the Shares outstanding.

Each of the Reporting Persons, as a member of a “group” with the other Reporting Persons for purposes of Rule 13d-5(b)(1) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), may be deemed to beneficially own the securities of the Issuer owned by the other Reporting Persons.  The filing of this Amendment No. 1 shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Exchange Act, the beneficial owners of any securities of the Issuer he or it does not directly own.  Each of the Reporting Persons specifically disclaims beneficial ownership of the securities of the Issuer reported herein that he or it does not directly own.

(d)

No person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares.

(e)

Not applicable.

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