L1 GROUP LIMITED — Director's Dealing 2014

Oct 28, 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	Elizabeth Norman
Date of last notice	1 October 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 giving rise to the relevantinterest.	ShaneLiz Pty Ltd ATF Elizabeth Ann NormanFamily Trust Elizabeth Norman is a directorof ShaneLiz Pty LtdNorblew Pty Ltd Elizabeth Norman is adirectorof Norblew PtyLtd
Date of change	23 October 201424 October 2014
No. of securities held prior to change	Direct259,551 fully paid ordinary shares891,123 options @ $4.50 strike priceIndirect377,953 fully paid ordinary shares held byShaneLiz Pty Ltd129,244 fully paid ordinary shares held byNorblew PtyLtd
Class	OptionsOrdinaryShares
Number acquired
Number disposed	23 October 2014: Exercise of 35,000 optionsand sale of 35,000 ordinary shares.24 October 2014: Exercise of 65,000 optionsand sale of 65,000 ordinary shares.

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	23 October 2014: $223,825.0024 October 2014: $416,136.50
No. of securities held after change	Direct259,551 fully paid ordinary shares791,123 options @ $4.50 strike priceIndirect377,953 fully paid ordinary shares held byShaneLiz Pty Ltd129,244 fully paid ordinary shares held byNorblew Pty Ltd
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Exercise of optionsPurchase of shares on-market

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