L1 GROUP LIMITED — Director's Dealing 2015

Mar 1, 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	8 May 2013

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 relevant interest.	J Clifford - A Clifford is the spouse of J Clifford Platinum Investment Management Limited as nominee for J Clifford Platinum Investment Management Limited as nominee for Moya Pty Ltd atf JAAM Trust. A Clifford is a director of Moya Pty Ltd
Date of change	24 February 2015 25 February 2015 26 February 2015 27 February2015
No. of securities held prior to change	Direct 3,844,350 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.

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	Options Ordinary Shares
Number acquired
Number disposed	24 February 2015: Exercise of 500,000 options and sale of 500,000 ordinary shares. 25 February 2015: Exercise of 59,300 options and sale of 59,300 ordinary shares. 26 February 2015: Exercise of 432,000 options and sale of 432,000 ordinary shares. 27 February 2015: Exercise of 356,400 options and sale of 356,400 ordinary shares.
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	24 February 2015 $4,348,000 25 February 2015 $518,887 26 February.2015 $3,655,238 27 February.2015 $3,041,945
No. of securities held after change	Direct 2,496,650 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 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

• See chapter 19 for defined terms.

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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 detailed above traded during a+closed period where prior written clearance was required?	No
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?

• See chapter 19 for defined terms.

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