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L1 GROUP LIMITED Capital/Financing Update 2017

May 8, 2017

65211_rns_2017-05-08_d57ca679-c073-4197-a5b7-f49a5e53613e.pdf

Capital/Financing Update

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9 May 2017

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

By e-Lodgement

Manager Transfers Additional Options in PAI

Please refer attached announcement from Platinum Asia Investments Limited (ASX: PAI).

J Jefferies 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 [email protected] | Website www.platinum.com.au Platinum Investment Management Limited ABN 25 063 565 006 AFSL 221935 trading as Platinum Asset Management[® ]

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9 May 2017

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

By e-Lodgement

Manager Transfers Additional Options in PAI

Further to the announcement made on 19 April 2017, in which the investment manager Platinum Investment Management Limited ( PIML ) advised that, it had transferred 14 million options in PAI to a sophisticated third party investor ( Investor ), PIML has advised the PAI Board that, effective 9 May 2017, it transferred an additional tranche of 3 million options in PAI to the same Investor.

This means that PIML has now transferred a total of 17 million (34%) of its options in PAI to the same Investor.

The Board would like to remind remaining option holders that their opportunity to exercise will expire shortly, on 15 May 2017.

J Jefferies 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 5555 | Email [email protected] | Website www.platinumasia.com.au Platinum Asia Investments Limited ABN 13 606 647 358