L1 GROUP LIMITED — Director's Dealing 2010

Jul 27, 2010

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28 July 2010

The Manager, Announcements Companies Office Australian Securities Exchange Limited Sydney NSW 2000

By eLodgement

Platinum Asset Management Limited (ASX Code: PTM)

AMENDMENT to APPENDIX 3Y lodged 1 April 2010

Attached is an Appendix 3Y, in respect of M Halstead, which revises the Appendix 3Y lodged on 1 April 2010. The original Appendix 3Y had an accounting error of 15 shares. There was no error in respect of the consideration.

This revision reduces the holding by 15 shares to 16,997,999 shares.

M Halstead Secretary

Level 8, 7 Macquarie Place, Sydney NSW 2000, Australia | GPO Box 2724, Sydney NSW 2001 Tel 61 2 9255 7500 | Investor Services 1300 726 700 | Facsimile 61 2 9254 555 | 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[® ]

Appendix 3Y Change of Director’s Interest Notice

ppRule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity Platinum Asset Management Limited

ABN 13 050 064 287

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	M Halstead
Date of last notice	23-03-10

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest	Platinum Investment Management Limited as
(including registered holder)	nominee for Charmfair Pty Limited. M
Note: Provide details of the circumstances giving rise to the relevantinterest.	Halstead is a director of Charmfair PtyLimited.
Date of change	25-03-10; 26-03-10
No. of securities held prior to change	20,805,972
Class	Ordinary
Number acquired
Number disposed	307,973; 3,500,000
Value/Consideration	1,643,995; 17,675,000
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after change	16,997,999

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Nature of change On-market trades Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002