L1 GROUP LIMITED — Director's Dealing 2015

Apr 21, 2015

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	Andrew Clifford
Date of last notice	23 March 2015

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.	J Clifford - A Clifford is the spouse of JCliffordPlatinum Investment Management Limited asnominee for J CliffordPlatinum Investment Management Limited asnominee for Moya Pty Ltd atf JAAM Trust.A Clifford is a director of Moya Pty Ltd
Date of change	15 April 201516 April 201517 April 201520 April 2015
No. of securities held prior to change	Direct1,496,650 options @ $4.50 strike priceIndirect5,000,000 fully paid ordinary shares held by JClifford22,850,132 fully paid ordinary shares held byPlatinum Investment Management Limited forJ Clifford4,981,317 fully paid ordinary shares held byPlatinum Investment Management Limited asnominee for Moya Pty Ltd atf JAAM Trust.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Class	Options
	Ordinary Shares
Number acquired
Number disposed	15 April 2015: Exercise of 18,300 options and
	sale of 18,300 ordinary shares.
	16 March 2015: Exercise of 250,000 options
	and sale of 250,000 ordinary shares.
	17 April 2015: Exercise of 250,000 options
	and sale of 250,000 ordinary shares.
	20 April 2015: Exercise of 219,300 options
	and sale of 219,300 ordinary shares.
Value/Consideration	15 April 2015 $148,526
Note: If consideration is non-cash, provide details and estimatedvaluation	16 April 2015 $2,046,55017 April.2015 $1,996,550
	20 April 2015 $1,690,913
No. of securities held after change	Direct
	759,050 options @ $4.50 strike price
	Indirect
	5,000,000 fully paid ordinary shares held by J
	Clifford
	22,850,132 fully paid ordinary shares held by
	Platinum Investment Management Limited for
	J Clifford
	4,981,317 fully paid ordinary shares held by
	Platinum Investment Management Limited as
	nominee for Moya Pty Ltd atf JAAM Trust.
Nature of change	Exercise of options
Example: on-market trade, off-market trade, exercise of options,	On-market trades
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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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 detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?
If prior written clearance was provided, on what date was thisprovided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3