L1 GROUP LIMITED — Board/Management Information 2017

Jun 18, 2017

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19 June 2017

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

Retirement of Non-Executive Director

Platinum Asset Management Limited (ASX code: PTM) ( PTM or the Company ) advises that Mr Bruce Coleman, Non-Executive Director and Chair of the Nomination and Remuneration Committee ( NRC ), has given notice of his resignation from the Company, effective today.

Mr Stephen Menzies will assume the Chair of the NRC going forward.

This change forms part of the Company’s previously announced program of director renewal. The board wishes to thank Bruce for his invaluable contribution and the leadership that he has provided to the Company since its initial public offering and listing in 2007. The Company is fortunate to be able to retain Mr Coleman’s experience within the broader business, with Bruce continuing to chair the boards of the two listed investment companies, Platinum Capital Limited (ASX code: PMC) and Platinum Asia Investments Limited (ASX code: PAI ).

The board is currently reviewing candidates to replace Bruce as a Non-Executive Director of the Company in accordance with its director renewal policy.

Yours sincerely

Michael Cole Chairman

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[® ]