L1 GROUP LIMITED — Board/Management Information 2015

Aug 20, 2015

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21 August 2015

The Manager ASX Market Announcements Australian Securities Exchange Limited SYDNEY NSW 2000

By e-Lodgement

CHANGES TO PLATINUM CAPITAL LIMITED (PMC) BOARD

Consistent with the Board structure of the new Platinum LIC, Platinum Asia Investments Limited ( PAI ), and in keeping with present corporate governance principles for listed companies to have a majority of independent directors, the PTM Board has decided to relinquish its right to have a nominee managing director on the board of the global listed investment company, Platinum Capital Limited ( PMC ). This decision has been accepted by the Board of PMC and two PTM representatives, Kerr Neilson and Andrew Clifford have resigned from the PMC board with effect on 21 August 2015 (please refer to today’s PMC ASX Announcement).

Platinum Investment Management Limited ( PIML ), a wholly owned subsidiary of PTM, remains the investment manager and administrator of PMC and there is no change in the mandate responsibility of PIML. Kerr Neilson and Andrew Clifford will continue in their positions as current CEO and CIO respectively of PIML and Executive Directors of PTM. They will regularly report to the PMC Board and continue to provide quarterly investment reporting to PMC shareholders and investment updates at the PMC Annual General Meeting.

The PMC Board structure, effective from 21 August 2015, will consist solely of Non-Executive Directors (as below) who continue to manage the company’s affairs in accordance with company law and ASX responsibilities:

• Bruce Coleman (Chairman)

• Richard Morath

• Jim Clegg.

Janna Vynokur Company Secretary

Level 8, 7 Macquarie Place, Sydney NSW 2000, Australia | GPO Box 2724, Sydney NSW 2001 Telephone 61 2 9255 7500 | Investor Services 1300 726 700 | Facsimile 61 2 9254 5590 | Email invest@platinum.com.au | Website www.platinum.com.au Platinum Investment Management Limited ABN 25 063 565 006 AFSL 221935 trading as Platinum Asset Management[® ]