L1 GROUP LIMITED — Capital/Financing Update 2015

Jun 9, 2015

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10 June 2015

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

By e-Lodgement

Platinum announces intention to launch new listed investment company for Asian equities

Platinum Asset Management Limited ( PTM ) intends to launch a new ASX listed investment company, Platinum Asia Investments Limited ( PAI ), which will focus on providing long-term capital growth through investing primarily in undervalued listed securities of companies in the Asia Region ex Japan.

The initial public offering of securities in PAI ( Offer ) will seek to raise a minimum of $150 million. PTM, through its wholly-owned subsidiary, Platinum Investment Management Limited, intends to subscribe for approximately 25% of the total amount raised under the Offer subject to a cap of $50 million.

It is expected that a prospectus for the Offer will be lodged with the Australian Securities and Investments Commission towards the end of July 2015.

Further details on the Offer will be announced in due course.

Anyone who wishes to acquire securities in PAI will need to complete the application form that will be attached to or accompany the prospectus.

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[® ]