L1 GROUP LIMITED — Director's Dealing 2010

Mar 22, 2010

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	15-03-10

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 (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Platinum Investment Management Limited as nominee for Charmfair Pty Limited. M Halstead is a director of Charmfair Pty Limited.
Date of change	16-03-10; 17-03-10; 19-03-10; 22-03-10
No. of securities held prior to change	22,134,931
Class	Ordinary
Number acquired
Number disposed	141,950; 600,000; 262,499; 324,510
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	756,593.50; 3,288,000.00; 1,454,244.46; 1,789,640.20
No. of securities held after change	20,805,972

• See chapter 19 for defined terms.

Appendix 3Y Page 1

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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

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23 March 2010

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

By eLodgement

Platinum Asset Management Limited (ASX Code: PTM)

M Halstead advised the Company that his relevant interest in PTM shares has been reduced by an onmarket trade.

The disposal arose from an administrative rebalancing of various investment portfolios in which he has a relevant interest.

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[® ]