L1 GROUP LIMITED — Director's Dealing 2026

Feb 26, 2026

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27 February 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 – Rachel Grimes AM

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

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	Rachel Grimes AM
Date of last notice	1 December 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	Indirect
Nature of indirect interest	Beneficial interest	in shares held by
(including registered holder)Note: Provide details of the circumstances giving rise to the relevant	PatrickGrimes	&	Co	Employees
interest.	Provident Fund Pty	Limited.
Date of change	27 February 2026
No. of securities held prior to change	141,578
Class	Ordinary shares
Number acquired	50,000
Number disposed	Nil
Value/Consideration	$61,500
Note: If consideration is non-cash, provide details and
estimated valuation
No. of securities held after change	191,578
	(141,578 held directly by Rachel Grimes
	50,000 held indirectly		by Patrick Grimes
	& Co Employees	Provident		Fund Pty
	Limited)

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change On-market trade. Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buyback

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	N/A
(if issued securities)
Date of change	N/A
No. and class of securities to which interest	N/A
related prior to change
Note: Details are only required for a contract in relation to which the
interest has changed
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration	N/A
Note: If consideration is non-cash, provide details and an estimated
valuation
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