L1 GROUP LIMITED — Director's Dealing 2026

Mar 9, 2026

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10 March 2026

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

L1 Group Limited (ASX: L1G) Appendix 3Y – Change of Director’s Interest Notice – Julian Russell

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

Authorised by

Joanne Jefferies | Company Secretary

Investor contact

Andrew Stannard | Chief Financial Officer L1 Group Limited Tel: 61 2 9255 7500 Fax: 61 2 9254 5555

Phone +61 3 9286 7000 Fax +61 3 9286 7099 www.L1Group.com.au

L1 Group Limited ABN 13 050 064 287 Level 45, 101 Collins Street, Melbourne VIC 3000

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	L1	Group 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	Julian Russell
Date of last notice	3 November 2025

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	9 March 2026
No. of securities held prior to change	6,600
Class	Newclassto	be	advised	of
	performancerights,		where	each
	performance right constitutes a right to
	receive up to one ordinary share
	subject to vesting	conditions being
	met. Resultant ordinary		shares must
	be purchased on market.
Number acquired	1,824,561 performance		rights	(new
	class to be advised)
Number disposed	Nil

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Nil
No. of securities held after change	6,600 ordinary shares1,824,561 performance rights (newclass to be advised)
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	Issue of new class of performancerights pursuant to the L1 Group LimitedLong Term Incentive Plan (a sub-planof the Platinum Asset ManagementLimited Equity 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
Name of registered holder(if issued securities)	N/A
**Date of change **	N/A
No. and class of securities to which interestrelated prior to changeNote: Details are only required for a contract in relation to which theinteresthas changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and an estimatedvaluation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities orcontracts detailed above traded during a+closed period where prior written clearancewas required?	No
If so, was prior written clearance provided toallow the trade to proceed during thisperiod?	N/A
If prior written clearance was provided, onwhat date was this provided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011