L1 GROUP LIMITED — Director's Dealing 2014

Dec 23, 2014

Appendix 3Y Change of Director’s Interest Notice

Rule 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 30/09/01 Amended 01/01/11

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	Philip Howard
Date of last notice	15 December 2014

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	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances givingrise to therelevantinterest.	Philip Howard as a director of Votraint no899 P/L as trustee of the Chung/Howard Family Trust.
Date of change	19 December 2014 22 December 2014 23 December 2014
No. of securities held prior to change	Direct 349,798 options @ $4.50 strike price Indirect 104,281 fully paid ordinary shares held by Votraint P/L
Class	Options OrdinaryShares
Number acquired
Number disposed	19 December 2014: Exercise of 74,000 options and sale of 74,000 ordinary shares. 22 December 2014: Exercise of 50,000 options and sale of 50,000 ordinary shares. 23 December 2014: Exercise of 18,000 options and sale of 18,000 ordinaryshares

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	19 December 2014: $533,392 22 December 2014: $364,240 23 December 2014: $130,860
No. of securities held after change	Direct 207,798 options @ $4.50 strike price Indirect 104,281 fully paid ordinary shares held by Votraint P/L
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Exercise of options On-market trades

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

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Appendix 3Y Change of Director’s Interest Notice

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	N/A
If so, was prior written clearance provided to allow the trade to proceed during this period?
If prior written clearance was provided, on what date was this provided?

Appendix 3Y Page 3