L1 GROUP LIMITED — Director's Dealing 2013

May 7, 2013

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial 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.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	A Clifford
Date of appointment	8 May 2013

Part 1 - Director’s relevant interests in securities of which the director is the registered holder 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.

Number & class of securities

Options 3,844,350 Exercisable 17 June 2013 to 17 June 2015 @ $4.50

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

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

Name of holder & nature of interestNote: Provide details of the circumstances givingrise to the relevant interest.J CliffordA Clifford is the spouse of J Cliffordand is taken under s608(1)(b) of theCorporations Act to have a relevantinterest by reason of having thepower to exercise , or control theexercise of, a right to vote attachedto the securities.Platinum Investment ManagementLimited as nominee for J Clifford.A Clifford is the spouse of J Cliffordand is taken under s608(1)(b) of theCorporations Act to have a relevantinterest by reason of having thepower to exercise , or control theexercise of, a right to vote attachedto the securities.Platinum Investment ManagementLimited as nominee for Moya PtyLtd atf JAAM Trust.A Clifford is a director of Moya Pty Ltd

Number & class of SecuritiesOrdinary Shares5,000,000Ordinary Shares22,850,132Ordinary shares4,981,317

Part 3 – 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) No. and class of securities to which interest relates

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002