L1 GROUP LIMITED — Board/Management Information 2011

Mar 30, 2011

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31 March 2011

The Manager Announcements Companies Office Australian Securities Exchange Limited Sydney NSW 2000

By E-lodgement

Platinum Asset Management Limited (PTM)

Retirement of Director & Company Secretary

Appointment of Director & Company Secretary

M Halstead has advised the Company that he intends to retire from the roles of Finance Director and Company Secretary. He will become a part-time consultant to the Company to assist his successor, as is required, in achieving an orderly succession. He will retain the role of Chief Technology Officer in a parttime consulting capacity. These changes come into effect at close of business 31 March 2011.

Mr Philip Howard has been appointed as Finance Director and Company Secretary with effect from the close of business 31 March 2011. Mr. Howard has been Platinum’s Chief Operations Officer since his appointment to that role on 19 September 2001. Mr. Howard (BComm, UTas) is a Chartered Accountant with over 25 years experience in the financial services industry. Prior to Platinum, Mr Howard has held senior roles in finance, operations and management with State Street Australia, Bankers Trust Australia and Price Waterhouse, Sydney.

M Halstead Secretary

Level 8, 7 Macquarie Place, Sydney NSW 2000, Australia Tel 61 2 9255 7500 | Facsimile 61 2 9254 5555 | Email invest@platinum.com.au | Website www.platinum.com.au Platinum Asset Management Limited ABN 13 050 064 287