L1 GROUP LIMITED — Director's Dealing 2022

Nov 22, 2022

==> picture [135 x 36] intentionally omitted <==

23 November 2022

The Manager ASX Market Announcements Australian Securities Exchange Limited Sydney NSW 2000

Platinum Asset Management Limited (PTM) – Appendix 3Y – Change of Director’s Interest Notice – Andrew Clifford

Attached is the Appendix 3Y, change of director’s interest notice for Andrew Clifford.

Authorised by

Joanne Jefferies | Company Secretary

Investor contact

Elizabeth Norman | Director of Investor Services and Communications Platinum Asset Management Limited Tel: 61 2 9255 7500 Fax: 61 2 9254 5555

Level 8, 7 Macquarie Place, Sydney NSW 2000, Australia | GPO Box 2724, Sydney NSW 2001 Telephone 61 2 9255 7500 | Investor Services 1300 726 700 | Facsimile 61 2 9254 5590 | Email invest@platinum.com.au | Website www.platinum.com.au

Platinum Asset Management Limited ABN 13 050 064 287

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	29 April 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		Indirect interest.
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.		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 NOMINEES> J Clifford • 4,981,317 fully paid ordinary shares held by Platinum Investment Management LimitedNOMINEES> Moya Pty Ltd as trustee for JAAM Trust.
Date of change		16 November 2022

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change		Direct • 165,563 deferred rights (PTMAA) granted under the Platinum Asset Management Limited Deferred Remuneration Plan; and 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 NOMINEES> J Clifford • 4,981,317 fully paid ordinary shares held by Platinum Investment Management LimitedNOMINEES> Moya Pty Ltd as trustee for JAAM Trust.
Class		Direct Each PTMAA right constitutes a right to receive one ordinary share, subject to vesting conditions being met. Resultant ordinary shares must be purchased on- market. Indirect Fully paid ordinaryshares.
Number acquired		895,070 performance rights (PTMAB) granted under the Platinum Partners’ Long-Term Incentive Plan. Each PTMAB right constitutes a right to receive up to two ordinary shares, subject to vesting and exercise conditions being met. Resultant ordinary shares must be purchased on-market.
Number disposed		Nil.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		Andrew Clifford was granted 895,070 performance rights (PTMAB) under the Platinum Partners’ Long-Term Incentive Plan with a face value of $1,500,000. The no. of performance rights was calculated by dividing the face value of the award by the volume weighted average price of the ordinary shares on the seven (7) trading days before 20 September 2022 (the date set by the Board on 3 June 2022 when the award was approved by the Board).
No. of securities held after change		Direct • 165,563 deferred rights (PTMAA) granted under the Platinum Asset Management Limited Deferred Remuneration Plan; and • 895,070 performance rights (PTMAB) granted under the Platinum Partners’ Long-Term Incentive Plan. 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 NOMINEES> J Clifford • 4,981,317 fully paid ordinary shares held by Platinum Investment Management LimitedNOMINEES> Moya Pty Ltd as trustee for 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		Allocation of 895,070 performance rights under Platinum Partners’ Long-Term Incentive 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	N/A
Nature of interest	N/A

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

Name of registered holder (if issued securities)	N/A
Date of change	N/A
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	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

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?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011