L1 GROUP LIMITED — Director's Dealing 2020

Jun 25, 2020

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 (the Company ) 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.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	Andrew Stannard
Date of last notice	27 June 2019

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	N/A
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change	20 June 2020
No. of securities held prior to change	78,996 deferred rights to ordinary shares
Class	Deferred rights to receive the Company’s ordinary
	shares, subject to vesting. These shares will be
	purchased on-market for the Platinum Employee Share
	Trust prior to exercise by A Stannard.
Number acquired	40,215 deferred rights to ordinary shares
Number disposed	Nil
Value/Consideration	Nil
Note: If consideration is non-cash, provide details and estimatedvaluation	Andrew Stannard’s 2020 deferred bonus of $150,000
	was translated into 40,215 deferred rights to ordinary
	shares pursuant to the Platinum Asset Management
	Limited Deferred Remuneration Plan.
	The number of rights was calculated by dividing the
	deferred bonus amount by the volume weighted average
	price of the Company’s shares, for the seven (7) trading
	days prior to grant date i.e. by $3.73.

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change 119,211 deferred rights to ordinary shares Nature of change Issue of deferred rights to ordinary shares pursuant to Example: on-market trade, off-market trade, exercise of options, the Platinum Asset Management Limited Deferred issue of securities under dividend reinvestment plan, participation in Remuneration Plan. 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 inrelation to which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuationInterest after change----- End of picture text -----

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No 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