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L1 GROUP LIMITED Board/Management Information 2021

Jan 31, 2021

65211_rns_2021-01-31_141329d7-bdaf-4a55-b2f1-be69936b8ab9.pdf

Board/Management Information

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1 February 2021

The Manager ASX Market Announcements Australian Securities Exchange Limited

By e-Lodgement

Platinum Asset Management Limited (ASX: PTM) (the “Company”)

Appointment of Clay Smolinski to Co-Chief Investment Officer

The Company advises that Platinum Investment Management Limited (“Platinum”) has appointed Clay Smolinski to the role of Co-Chief Investment Officer (“CIO”) working alongside Platinum’s current CIO, Andrew Clifford. Clay’s appointment will take effect from 1 April 2021.

Clay joined Platinum in 2006 as an analyst, became the portfolio manager of the Platinum European Fund in 2009, and was assigned to manage the Platinum Unhedged Fund in 2014. In 2018, he took over the portfolio management responsibilities for two other global portfolios and currently comanages the flagship Platinum International Fund.

Appointment of managers for Platinum’s Asia ex-Japan portfolios*

Internal replacements have also been named by Platinum for the management of Platinum’s Asia exJapan portfolios following the recent departure of the manager.

Andrew Clifford and Cameron Robertson will co-manage the portfolios commencing 1 April 2021, with Andrew to manage the majority of the portfolios’ assets.

Andrew previously managed Platinum’s Asia ex-Japan strategy from its initial inception in 2003 through to 2014. He remains as a co-manager on a number of Platinum’s global portfolios.

Cameron joined Platinum in 2010, having initially focused on resources and industrial companies, and later on the technology and communications sectors. Cameron was appointed as co-manager of the Platinum International Technology Fund in early 2017 and was previously the sector lead of the technology / communications team.

*Platinum Asia Fund; Platinum Asia Fund (Quoted Managed Hedge Fund (ASX: PAXX)); Platinum Asia Investments Limited (ASX: PAI); Platinum World Portfolios plc – Asia Fund; Platinum Asia Opportunities Funds.

Appointment of additional manager for Platinum’s Global portfolios

In addition, Nikola Dvornak will be appointed as a co-manager to the Platinum International Fund and to Platinum Capital Limited (ASX: PMC), Platinum’s global equity listed investment company.

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 [email protected] | Website www.platinum.com.au

Platinum Asset Management Limited ABN 13 050 064 287

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Nik will co-manage the portfolios from 1 April 2021, alongside co-managers Andrew Clifford and Clay Smolinski. Andrew will continue to manage the majority of the portfolios’ assets.

Nik joined Platinum in 2006 as an analyst in the financials / services sector. He was appointed a comanager of the Platinum European Fund in 2014, before becoming the sole manager in early 2017 and continues to cover the financials / services sector.

Authorised by

Joanne Jefferies | Company Secretary

Investor contact

Elizabeth Norman | Director of Investor Services and Communications Platinum Asset Management Limited Tel: 61 2 9255 7500 Fax: 61 2 9254 5555

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 [email protected] | Website www.platinum.com.au

Platinum Asset Management Limited ABN 13 050 064 287