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 – Elizabeth Norman

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

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	Elizabeth Norman
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 and indirect interests
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	-259,551 fully paid ordinary sharesheldbyPLATINUMINVESTMENTMANAGEMENTLIMITED<MILONOMINEES> E Norman-377,953 fully paid ordinary sharesheldbyPLATINUMINVESTMENTMANAGEMENTLIMITED<MILONOMINEES> ShaneLiz Pty Limited ATFElizabeth Ann Norman Family Trust-129,244 fully paid ordinary sharesheldbyPLATINUMINVESTMENTMANAGEMENTLIMITED<MILONOMINEES>Norblew Pty Limited
Date of change	29 June 2023

• 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-617,767 deferred rights (PTMAA)granted under the Platinum AssetManagement Limited DeferredRemuneration Plan.-268,521 performance rights (PTMAB)granted under the Platinum Partners’Long-Term Incentive Plan.Indirect-259,551 fully paid ordinary sharesheld by PLATINUM INVESTMENTMANAGEMENT LIMITED <MILONOMINEES> E Norman-377,953 fully paid ordinary sharesheld by PLATINUM INVESTMENTMANAGEMENT LIMITED <MILONOMINEES> ShaneLiz Pty Limited ATFElizabeth Ann Norman Family Trust-129,244 fully paid ordinary sharesheld by PLATINUM INVESTMENTMANAGEMENT LIMITED <MILONOMINEES> Norblew Pty Limited
Class		DirectEach PTMAA deferred right constitutes aright to receive one ordinary share subjectto vesting conditions being met. Resultantordinary shares must be purchased onmarket.EachPTMABperformancerightconstitutes a right to receive up to twoordinary shares, subject to vesting andexercise conditions being met. Resultantordinary shares must be purchased onmarket.IndirectFully paid ordinary shares
Number acquired		147,495 PTMAA deferred rights.
Number disposed		Direct67,130 PTMAB performance rights lapsedon 30 June 2023 as the performanceconditionsforvestingofthoseperformance rights were not met.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation		Nil.Elizabeth Norman’s 2023 deferred bonusof $250,000 was translated into 147,495PTMAA deferred rights.The number of rights was calculated bydividing the deferred bonus amount by thevolume weighted average price for theseven (7) trading days prior to the grantdate of 20 June 2023, being $1.69(rounded).
No. of securities held after change		Direct-765,262 PTMAA deferred rights.-201,391 PTMAB performance rights.Indirect-259,551 fully paid ordinary sharesheld by PLATINUM INVESTMENTMANAGEMENT LIMITED <MILONOMINEES> E Norman-377,953 fully paid ordinary sharesheld by PLATINUM INVESTMENTMANAGEMENT LIMITED <MILONOMINEES> ShaneLiz Pty Limited ATFElizabeth Ann Norman Family Trust-129,244 fully paid ordinary sharesheld by PLATINUM INVESTMENTMANAGEMENT LIMITED <MILONOMINEES> Norblew Pty Limited
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back		-IssueofPTMAAdeferredrightspursuanttothePlatinumAssetManagementLimitedDeferredRemuneration Plan-Lapse of PTMAB performance rightsawarded in 2022 under the PlatinumPartners’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.

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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 whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand 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 detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow thetrade to proceed during this period?	N/A
If prior written clearance was provided, on what date wasthis provided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011