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	Elizabeth Norman
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	Direct247,314 deferred rights to ordinary shares
	Indirect
	259,551 fully paid ordinary shares held by
	PLATINUM INVESTMENT MANAGEMENT LIMITED <MILO
	NOMINEES> E Norman
	377,953 fully paid ordinary shares held by
	PLATINUM INVESTMENT MANAGEMENT LIMITED <MILO
	NOMINEES> ShaneLiz Pty Limited ATF Elizabeth Ann Norman Family
	Trust
	129,244 fully paid ordinary shares held by
	PLATINUM INVESTMENT MANAGEMENT LIMITED <MILO
	NOMINEES>Norblew Pty Limited
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 L Norman.
Number acquired	120,644 deferred rights to ordinary shares
Number disposed	Nil

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	NilElizabeth Norman’s 2020 deferred bonus of $450,000 was translatedinto 120,644 deferred rights to ordinary shares pursuant to thePlatinum Asset Management Limited Deferred Remuneration Plan.The number of rights was calculated by dividing the deferred bonusamount by the volume weighted average price of the Company’sordinary shares, for the seven (7) trading days prior to grant date i.e.by $3.73.
No. of securities held after change	Direct367,958 deferred rights to ordinary sharesIndirect259,551 fully paid ordinary shares held byPLATINUM INVESTMENT MANAGEMENT LIMITED <MILONOMINEES> E Norman377,953 fully paid ordinary shares held byPLATINUM INVESTMENT MANAGEMENT LIMITED <MILONOMINEES> ShaneLiz Pty Limited ATF Elizabeth Ann Norman FamilyTrust129,244 fully paid ordinary shares held byPLATINUM INVESTMENT MANAGEMENT LIMITED <MILONOMINEES> Norblew Pty Limited
Nature of changeExample:on-markettrade,off-markettrade,exercise of options, issue of securities underdividend reinvestment plan, participation in buy-back	Issue of deferred rights to ordinary shares pursuant to the PlatinumAsset Management Limited Deferred Remuneration Plan.

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

Appendix 3Y Page 2

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Were the interests in the No 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 3