L1 GROUP LIMITED — Director's Dealing 2014

Dec 14, 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.

director for the purposes of section 205G of the Corporations Act.
Name of Director	Philip Howard
	1 December 2014
Date of last notice

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 or indirect interest	Direct or indirect interest	Direct	Direct
	Direct or indirect interest		Direct
	Nature of indirect interest(including registered holder)Note: Provide details of the circumgivingrise to therelevantinterest.		Philip Howard as a director of Votraint no	899ily
		stances	P/L as trustee of the Chung/Howard FamTrust
			.
	Date of change		8 December 2014
	No. of securities held prior to chang		Direct	d by
			399,798 options @ $4.50 strike priceIndirect104,281 fully paid ordinary shares helVotraint P/L
	Class		OptionsOrdinaryShares
	Number acquired
Number disposed	Number disposed		8 December 2014: Exercise of 50,000options and sale of 50,000 ordinary shar

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration 8 December 2014: $362,295.00 Note: If consideration is non-cash, provide details and estimated valuation No. of securities held after change Direct 349,798 options @ $4.50 strike price Indirect 104,281 fully paid ordinary shares held by Votraint P/L Nature of change Exercise of options Example: on-market trade, off-market trade, Purchase of shares on-market 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

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? 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 2