L1 GROUP LIMITED — Director's Dealing 2014

Sep 30, 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	17 April 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	ShaneLiz Pty Ltd ATF Elizabeth Ann Norman
(including registered holder)	Family Trust Elizabeth Norman is a director
Note: Provide details of the circumstances giving rise to the relevantinterest.	of ShaneLiz Pty Ltd
	Norblew Pty Ltd Elizabeth Norman is a
	director of Norblew Pty Ltd
Date of change	18 September 2014 – exercise of options
	19 September 2014 – sale of shares
No. of securities held prior to change	Direct
	259,551 fully paid ordinary shares
	991,123 options @ $4.50 strike price
	Indirect
	377,953 fully paid ordinary shares held by
	ShaneLiz Pty Ltd
	129,244 fully paid ordinary shares held by
	Norblew PtyLtd
Class	Options
	OrdinaryShares
Number acquired
Number disposed	Exercise of 100,000 options and sale of
	100,000 ordinaryshares
Value/Consideration	$610,000
Note: If consideration is non-cash, provide details and estimated valuation

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change Direct 259,551 fully paid ordinary shares 891,123 options @ $4.50 strike price Indirect 377,953 fully paid ordinary shares held by ShaneLiz Pty Ltd 129,244 fully paid ordinary shares held by Norblew Pty Ltd Nature of change Exercise of options Example: on-market trade, off-market trade, exercise of options, issue of Purchase of shares on-market 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.

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----- Start of picture text ----- Detail of contractNature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract in relationto which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuationInterest after change----- End of picture text -----

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