L1 GROUP LIMITED — Director's Dealing 2023

Jul 6, 2023

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7 July 2023

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

Appendix 3Y – Change of Director’s Interest Notice – Andrew Stannard

Attached is an Appendix 3Y (Change of Director’s Interest Notice) for Andrew Stannard.

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 Stannard
Date of last notice	23 November 2022

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.	N/A
Date of change	29 June 2023
No. of securities held prior to change	- 317,866 deferred rights (PTMAA) granted under the Platinum Asset Management Limited Deferred Remuneration Plan. - 268,521 performance rights (PTMAB) granted under the Platinum Partners’ Long-Term Incentive Plan.

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Class	Each PTMAA deferred right constitutes a right to receive one ordinary share subject to vesting conditions being met. Resultant ordinary shares must be purchased on market. Each PTMAB performance 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 acquired	147,495 PTMAA deferred rights.
Number disposed	67,130 PTMAB performance rights lapsed on 30 June 2023 as the performance conditions for vesting of those performance rights were not met.
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation 268,521 PTMAB performance rights	Nil. Andrew Stannard’s 2023 deferred bonus of $250,000 was translated into 147,495 PTMAA deferred rights granted under. The number of rights was calculated by dividing the deferred bonus amount by the volume weighted average price for the seven (7) trading days prior to the grant date of 20 June 2023 being $1.69 (rounded).
No. of securities held after change	- 465,361 PTMAA deferred rights. - 201,391 PTMAB performance rights.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	- Issue of PTMAA deferred rights pursuant to the Platinum Asset Management Limited Deferred Remuneration Plan - Lapse of PTMAB performance rights awarded in 2022 under the Platinum Partners’Long-Term Incentive Plan.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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
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.

01/01/2011

Appendix 3Y Page 3