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L1 GROUP LIMITED Major Shareholding Notification 2017

Dec 13, 2017

65211_rns_2017-12-13_9f7e9000-8917-4c9a-80e4-901cd93e7dab.pdf

Major Shareholding Notification

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14 December 2017

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

Confirmation of reduction in Platinum Investment Management Limited’s investment in PAI

Please refer attached announcement from Platinum Asia Investments Limited (ASX: PAI).

J Jefferies Company Secretary

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 [email protected] | Website www.platinum.com.au

Platinum Asset Management Limited ABN 13 050 064 287

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14 December 2017

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

Confirmation of reduction in Platinum Investment Management Limited’s investment in PAI

Pursuant to the announcement made on 13 December 2017, Platinum Asia Investments Limited (PAI) confirms that its investment manager and cornerstone investor, Platinum Investment Management Limited (PIML) has sold 20 million of PIML’s ordinary shares in PAI at a price of $1.22 per share, via a block trade. PIML still retains an investment of 30 million shares in PAI.

J Jefferies Company Secretary

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 5555 | Email [email protected] | Website www.platinumasia.com.au

Platinum Asia Investments Limited ABN 13 606 647 358