L1 GROUP LIMITED — Major Shareholding Notification 2007

May 20, 2007

CRS/COMPUTERSHARE INVESTOR SERVICES PTY LTD *** PLATINUM ASSET MANAGEMENT LIMITED/PTM		T O P $2 \quad 0$ RUN NUMBER 0018	HOLDERS *** 21/05/2007			(RSP520:10.19:210507) PAGE : 1
HOLDER NO	CLASS: FPO/FULLY PAID ORDINARY SHARES NAME AND ADDRESS		UNITS	% I/C	RANK
	PLATINUM INVESTMENT MANAGEMENT LIMITED		280,500,000	50.00	1
	MS JUDITH NEILSON		140,250,000	25.00	$\overline{2}$
	PIRIE STREET NOMINEES PTY LTD		963,800	0.17	3
	COMSEC NOMINEES PTY LIMITED		875,300	$0.16$ and $0.16$	4
	RBC DEXIA INVESTOR SERVICES AUSTRALIA NOMINEES PTY LIMITED $<$ NMSMT $A/C>$		792,200	0.14	5
	QUESTOR FINANCIAL SERVICES LIMITED		700,000	0.12	6
	ACCBELL NOMINEES PTY LTD		640,027	0.11	7
	PLATINUM INVESTMENT MANAGEMENT LIMITED		569,665	0.10	8
	ANZ NOMINEES LIMITED		493,400	0.09	9
	RBC DEXIA INVESTOR SERVICES AUSTRALIA NOMINEES PTY LIMITED $<$ MLCT $A/C>$		428,717	0.08	10
	INVESTMENT CUST SERV LTD (C)		372,000	0.07	11
	BELL POTTER NOMINEES LTD		366,340	0.07	12
	MUTUAL TRUST PTY LTD		309,000	0.06	13
	ZAMPATTI PTY LIMITED		300,000	0.05	14
	M F CUSTODIANS LTD		270,000	0.05	15
	OKH INVESTMENTS PTY LTD		260,000	0.05	16
	FORTIS CLEARING NOMINEES PTY LTD		254,000	0.05	17
	UBS WEALTH MANAGEMENT AUSTRALIA NOMINEES PTY LTD		204,000	0.04	18

	CRS/COMPUTERSHARE INVESTOR SERVICES PTY LTD *** PLATINUM ASSET MANAGEMENT LIMITED/PTM	TOP 20 RUN NUMBER 0018	HOLDERS 21/05/2007	***		(RSP520:10.19:210507) PAGE :	- 2
HOLDER NO	CLASS: FPO/FULLY PAID ORDINARY SHARES NAME AND ADDRESS		UNITS	% I/C	RANK
	ABTOURK (SYD NO 415) PTY LTD		200,000	0.04	19
	THE AUSTRALIAN NATIONAL UNIVERSITY		200,000	0.04	20
	REPORT TOTAL REMAINDER		428,948,449 132,051,551	76.46 23.54
	GRAND TOTAL		561,000,000 .	100.00

	--------------------------------------
TOTAL CURRENT HOLDERS MEETING CRITERIA FOR THIS REPORT:	31330 ---------------------------------------
	*********
**** NUMBER OF PAGES WRITTEN =	2 ** END OF REPORT ** NUMBER OF LINES WRITTEN = $54$ **
	********