L1 GROUP LIMITED — Major Shareholding Notification 2024

Sep 1, 2024

Form 605

Form 605

Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

==> picture [248 x 103] intentionally omitted <==

----- Start of picture text -----

To: Company Name/Scheme:	Platinum Asset Management Limited
ACN/ARSN:	050 064 287
1. Details of substantial holder
Name:	Mitsubishi UFJ Financial Group, Inc.
The holder ceased to be a substantial holder on:	28 August 2024
The previous notice was given to the company on:	30 August 2024
The previous notice was dated:	30 August 2024
The holder became aware on:	30 August 2024

----- End of picture text -----

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

==> picture [546 x 39] intentionally omitted <==

----- Start of picture text ----- Person whose Class and Date of change relevant interest changed Nature of change Consideration given in relation to change number of securities affected Person's votes affectedSee annexure A tothis notice----- End of picture text -----

3. Changes in association

The persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Nature of association

4. Addresses

The addresses of persons named in this form are as follows:

==> picture [546 x 31] intentionally omitted <==

----- Start of picture text -----

Name	Address
Mitsubishi UFJ Financial Group, Inc.	1-4-5, Marunouchi, Chiyoda-ku, Tokyo 100-8330, Japan

----- End of picture text -----

5. Signature

==> picture [134 x 31] intentionally omitted <==

==> picture [40 x 8] intentionally omitted <==

Dated 2 September 2024

Authorised signatory

Page 1

Annexure A

This is annexure A of 2 pages referred to in Form 605, Notice of ceasing to be a substantial holder dated 2 September 2024

==> picture [203 x 47] intentionally omitted <==

==> picture [40 x 9] intentionally omitted <==

Authorised signatory Dated 2 September 2024

==> picture [526 x 593] intentionally omitted <==

----- Start of picture text ----- Date of change [Person whose relevant interest ] changed Nature of change Consideration given in relation to change Class and number of securities affected Person's votes affectedSale of securities by an28/08/2024 Mitsubishi UFJ Financial Group, Inc. entity controlled by First Sentier Investors 179,019.41 179,919 Fully paid ordinary shares 179,919Holdings Pty LtdPurchase of securities by28/08/2024 Mitsubishi UFJ Financial Group, Inc. an entity controlled by 944.46 954 Fully paid ordinary shares 954Morgan StanleyPurchase of securities by28/08/2024 Mitsubishi UFJ Financial Group, Inc. an entity controlled by 0.98 1 Fully paid ordinary share 1Morgan StanleyPurchase of securities by28/08/2024 Mitsubishi UFJ Financial Group, Inc. an entity controlled by 0.98 1 Fully paid ordinary share 1Morgan StanleyPurchase of securities by28/08/2024 Mitsubishi UFJ Financial Group, Inc. an entity controlled by 3,032.37 3,063 Fully paid ordinary shares 3,063Morgan StanleyPurchase of securities by28/08/2024 Mitsubishi UFJ Financial Group, Inc. an entity controlled by 591.92 604 Fully paid ordinary shares 604Morgan StanleyPurchase of securities by28/08/2024 Mitsubishi UFJ Financial Group, Inc. an entity controlled by 2,935.35 2,965 Fully paid ordinary shares 2,965Morgan StanleyPurchase of securities by28/08/2024 Mitsubishi UFJ Financial Group, Inc. an entity controlled by 4,221.71 4,286 Fully paid ordinary shares 4,286Morgan StanleyPurchase of securities by28/08/2024 Mitsubishi UFJ Financial Group, Inc. an entity controlled by 31,003.37 31,500 Fully paid ordinary shares 31,500Morgan StanleyPurchase of securities by28/08/2024 Mitsubishi UFJ Financial Group, Inc. an entity controlled by 461.58 471 Fully paid ordinary shares 471Morgan StanleySale of securities by an28/08/2024 Mitsubishi UFJ Financial Group, Inc. entity controlled by 116.58 116 Fully paid ordinary shares 116Morgan StanleySale of securities by an28/08/2024 Mitsubishi UFJ Financial Group, Inc. entity controlled by 12,788.34 12,704 Fully paid ordinary shares 12,704Morgan StanleySale of securities by an28/08/2024 Mitsubishi UFJ Financial Group, Inc. entity controlled by 1,092.82 1,082 Fully paid ordinary shares 1,082Morgan StanleySale of securities by an28/08/2024 Mitsubishi UFJ Financial Group, Inc. entity controlled by 8,539.55 8,455 Fully paid ordinary shares 8,455Morgan StanleySale of securities by an28/08/2024 Mitsubishi UFJ Financial Group, Inc. entity controlled by 3,649.17 3,622 Fully paid ordinary shares 3,622Morgan StanleySale of securities by an28/08/2024 Mitsubishi UFJ Financial Group, Inc. entity controlled by 6,722.56 6,656 Fully paid ordinary shares 6,656Morgan Stanley----- End of picture text -----

Page 2

Annexure A

==> picture [525 x 468] intentionally omitted <==

----- Start of picture text ----- Sale of securities by an28/08/2024 Mitsubishi UFJ Financial Group, Inc. entity controlled by 931.94 925 Fully paid ordinary shares 925Morgan StanleySale of securities by an28/08/2024 Mitsubishi UFJ Financial Group, Inc. entity controlled by 660.92 656 Fully paid ordinary shares 656Morgan StanleySale of securities by an28/08/2024 Mitsubishi UFJ Financial Group, Inc. entity controlled by 7,551.77 7,477 Fully paid ordinary shares 7,477Morgan StanleySale of securities by an28/08/2024 Mitsubishi UFJ Financial Group, Inc. entity controlled by 498.94 494 Fully paid ordinary shares 494Morgan StanleySale of securities by an28/08/2024 Mitsubishi UFJ Financial Group, Inc. entity controlled by 742.53 737 Fully paid ordinary shares 737Morgan StanleySale of securities by an28/08/2024 Mitsubishi UFJ Financial Group, Inc. entity controlled by 3,173.42 3,142 Fully paid ordinary shares 3,142Morgan StanleySale of securities by an28/08/2024 Mitsubishi UFJ Financial Group, Inc. entity controlled by 12,274.07 12,213 Fully paid ordinary shares 12,213Morgan StanleySale of securities by an28/08/2024 Mitsubishi UFJ Financial Group, Inc. entity controlled by 5,143.86 5,043 Fully paid ordinary shares 5,043Morgan StanleySale of securities by an28/08/2024 Mitsubishi UFJ Financial Group, Inc. entity controlled by 1,037.81 1,025 Fully paid ordinary shares 1,025Morgan StanleySale of securities by an28/08/2024 Mitsubishi UFJ Financial Group, Inc. entity controlled by 26,928.98 26,795 Fully paid ordinary shares 26,795Morgan StanleyBorrow by an entity28/08/2024 Mitsubishi UFJ Financial Group, Inc. controlled by Morgan N/A 290,060 Fully paid ordinary shares 290,060Stanley - see Annexure BCollateral Returned by an28/08/2024 Mitsubishi UFJ Financial Group, Inc. entity controlled by N/A 712,137 Fully paid ordinary shares 712,137Morgan Stanley - seeAnnexure BBorrow Returned by an28/08/2024 Mitsubishi UFJ Financial Group, Inc. entity controlled by N/A 59,677 Fully paid ordinary shares 59,677Morgan Stanley - seeAnnexure B----- End of picture text -----

Page 3

Annexure B

This is annexure B of 3 pages referred to in Form 605, Notice of ceasing to be a substantial holder dated 2 September 2024

==> picture [193 x 44] intentionally omitted <==

==> picture [50 x 10] intentionally omitted <==

Authorised signatory Dated 2 September 2024

The below schedules are based on the relevant standard agreements. The entity filing the report will, if requested by the company or responsible entity to whom the prescribed form must be given or ASIC, give a copy of the agreement to the company, responsible entity or ASIC.

==> picture [537 x 550] intentionally omitted <==

----- Start of picture text ----- ScheduleType of Agreement Global Master Securities Lending AgreementParties to agreement Morgan Stanley & Co. International plc and STATE STREET BANK AND TRUST COMPANY20240626; 20240701; 20240702; 20240703; 20240705; 20240708; 20240709; 20240710; 20240711; 20240715; 20240716; 20240717;Transfer Date 20240719; 20240722; 20240723; 20240724; 20240725; 20240729; 20240730; 20240731; 20240801; 20240802; 20240805; 20240806;20240807; 20240808; 20240809; 20240812;Holder of Voting Rights BorrowerAre there any restrictions on voting rights? Yes/N oIf yes, detail Not applicableScheduled Return Date (if any) OpenDoes the borrower have the right to return early? Yes /NoIf yes, detail The Borrower is entitled at any time to terminate a Loan and to redeliver all and any Equivalent Securities due and outstanding to the Lender in accordance with the Lender's instructions.Does the lender have the right to recall early? Yes /NoIf yes, detail The Lender is entitled to terminate a Loan and to call for the redelivery of all or any Equivalent Securities at any time by giving notice on any Business Day of not less than the standardsettlement time for such Equivalent Securities on the exchange or in the clearing organisation through which the Loaned Securities were originally delivered.Will the securities be returned on settlement? Yes /NoIf yes, detail any exceptions If the Borrower does not redeliver Equivalent Securities in accordance with the Agreement, the Lender may by written notice to Borrower terminate the Loan forthwith andthe Parties' delivery and payment obligations in respect thereof.ScheduleType of Agreement Global Master Securities Lending AgreementParties to agreement Morgan Stanley & Co. International plc and JPMORGAN CHASE BANK, N.A.20240621; 20240625; 20240626; 20240627; 20240701; 20240702; 20240703; 20240705; 20240708; 20240709; 20240710; 20240717;Transfer Date20240719; 20240724; 20240809; 20240814; 20240815;Holder of Voting Rights BorrowerAre there any restrictions on voting rights? Yes/N oIf yes, detail Not applicableScheduled Return Date (if any) OpenDoes the borrower have the right to return early? Yes /NoIf yes, detail The Borrower is entitled at any time to terminate a Loan and to redeliver all and any Equivalent Securities due and outstanding to the Lender in accordance with the Lender's instructions.Does the lender have the right to recall early? Yes /NoIf yes, detail The Lender is entitled to terminate a Loan and to call for the redelivery of all or any Equivalent Securities at any time by giving notice on any Business Day of not less than the standardsettlement time for such Equivalent Securities on the exchange or in the clearing organisation through which the Loaned Securities were originally delivered.Will the securities be returned on settlement? Yes /NoIf yes, detail any exceptions If the Borrower does not redeliver Equivalent Securities in accordance with the Agreement, the Lender may by written notice to Borrower terminate the Loan forthwith andthe Parties' delivery and payment obligations in respect thereof.ScheduleType of Agreement Global Master Securities Lending AgreementParties to agreement Morgan Stanley & Co. International plc and BLACKROCK ADVISORS (UK) LIMITEDTransfer Date 20240619; 20240703; 20240826; 20240828;Holder of Voting Rights BorrowerAre there any restrictions on voting rights? Yes/N oIf yes, detail Not applicableScheduled Return Date (if any) OpenDoes the borrower have the right to return early? Yes /NoIf yes, detail The Borrower is entitled at any time to terminate a Loan and to redeliver all and any Equivalent Securities due and outstanding to the Lender in accordance with the Lender's instructions.Does the lender have the right to recall early? Yes /NoIf yes, detail The Lender is entitled to terminate a Loan and to call for the redelivery of all or any Equivalent Securities at any time by giving notice on any Business Day of not less than the standardsettlement time for such Equivalent Securities on the exchange or in the clearing organisation through which the Loaned Securities were originally delivered.Will the securities be returned on settlement? Yes /NoIf yes, detail any exceptions If the Borrower does not redeliver Equivalent Securities in accordance with the Agreement, the Lender may by written notice to Borrower terminate the Loan forthwith andthe Parties' delivery and payment obligations in respect thereof.----- End of picture text -----

Page 4

Annexure B

==> picture [538 x 708] intentionally omitted <==

----- Start of picture text ----- ScheduleType of Agreement Global Master Securities Lending AgreementParties to agreement Morgan Stanley & Co. International plc and SCHRODER INTERNATIONAL SELECTION FUND20240708; 20240712; 20240715; 20240718; 20240724; 20240726; 20240729; 20240730; 20240731; 20240801; 20240802; 20240805;Transfer Date20240807; 20240814; 20240828;Holder of Voting Rights BorrowerAre there any restrictions on voting rights? Yes/N oIf yes, detail Not applicableScheduled Return Date (if any) OpenDoes the borrower have the right to return early? Yes /NoIf yes, detail The Borrower is entitled at any time to terminate a Loan and to redeliver all and any Equivalent Securities due and outstanding to the Lender in accordance with the Lender's instructions.Does the lender have the right to recall early? Yes /NoIf yes, detail The Lender is entitled to terminate a Loan and to call for the redelivery of all or any Equivalent Securities at any time by giving notice on any Business Day of not less than the standardsettlement time for such Equivalent Securities on the exchange or in the clearing organisation through which the Loaned Securities were originally delivered.Will the securities be returned on settlement? Yes /NoIf yes, detail any exceptions If the Borrower does not redeliver Equivalent Securities in accordance with the Agreement, the Lender may by written notice to Borrower terminate the Loan forthwith andthe Parties' delivery and payment obligations in respect thereof.ScheduleType of Agreement Global Master Securities Lending AgreementParties to agreement Morgan Stanley & Co. International plc and ISHARES IV PLC-ISHARES MSCI EMU MID CAP UCITS ETFTransfer Date 20240626;Holder of Voting Rights BorrowerAre there any restrictions on voting rights? Yes/N oIf yes, detail Not applicableScheduled Return Date (if any) OpenDoes the borrower have the right to return early? Yes /NoIf yes, detail The Borrower is entitled at any time to terminate a Loan and to redeliver all and any Equivalent Securities due and outstanding to the Lender in accordance with the Lender's instructions.Does the lender have the right to recall early? Yes /NoIf yes, detail The Lender is entitled to terminate a Loan and to call for the redelivery of all or any Equivalent Securities at any time by giving notice on any Business Day of not less than the standardsettlement time for such Equivalent Securities on the exchange or in the clearing organisation through which the Loaned Securities were originally delivered.Will the securities be returned on settlement? Yes /NoIf yes, detail any exceptions If the Borrower does not redeliver Equivalent Securities in accordance with the Agreement, the Lender may by written notice to Borrower terminate the Loan forthwith andthe Parties' delivery and payment obligations in respect thereof.ScheduleType of Agreement Global Master Securities Lending AgreementParties to agreement Morgan Stanley & Co. International plc and CITIBANK NATransfer Date 20240815;Holder of Voting Rights BorrowerAre there any restrictions on voting rights? Yes/N oIf yes, detail Not applicableScheduled Return Date (if any) OpenDoes the borrower have the right to return early? Yes /NoIf yes, detail The Borrower is entitled at any time to terminate a Loan and to redeliver all and any Equivalent Securities due and outstanding to the Lender in accordance with the Lender's instructions.Does the lender have the right to recall early? Yes /NoIf yes, detail The Lender is entitled to terminate a Loan and to call for the redelivery of all or any Equivalent Securities at any time by giving notice on any Business Day of not less than the standardsettlement time for such Equivalent Securities on the exchange or in the clearing organisation through which the Loaned Securities were originally delivered.Will the securities be returned on settlement? Yes /NoIf yes, detail any exceptions If the Borrower does not redeliver Equivalent Securities in accordance with the Agreement, the Lender may by written notice to Borrower terminate the Loan forthwith andthe Parties' delivery and payment obligations in respect thereof.ScheduleType of Agreement International Prime Brokerage AgreementMorgan Stanley & Co. International plc for itself and as agent and trustee for and on behalf of the other Morgan Stanley Companies andParties to agreementREGAL FUNDS MANAGEMENT PTY LIMITED AS TRUSTEE FOR REGAL TACTICAL OPPORTUNITIES FUNDTransfer Date 20240827;Holder of Voting Rights Prime broker has the right to vote securities rehypothecated from the Client.Are there any restrictions on voting rights? Yes/N oIf yes, detail Not applicableScheduled Return Date (if any) OpenDoes the borrower have the right to return early? Yes /NoIf yes, detail Prime broker may return shares which were rehypothecated from the client at any time.Does the lender have the right to recall early? Yes /NoIf yes, detail Prime broker will be required to return to the client shares rehypothecated from the client's account upon a sale of those shares by the client.Will the securities be returned on settlement? Yes /NoIf yes, detail any exceptions Upon an Event of Default, the default market value of all Equivalent Securities to be delivered will be determined and on the basis of the amounts so established, an accountshall be taken of what is due from each party to the other. The amounts due from one party shall be set off against the amounts due from the other party and only the balance of the account shall bepayable.----- End of picture text -----

Page 5

Annexure B

==> picture [538 x 171] intentionally omitted <==

----- Start of picture text ----- ScheduleType of Agreement International Prime Brokerage AgreementMorgan Stanley & Co. International plc for itself and as agent and trustee for and on behalf of the other Morgan Stanley Companies andParties to agreementRegal Funds Management Pty Ltd as trustee for Regal Australian Active Extension TrustTransfer Date 20240828;Holder of Voting Rights Prime broker has the right to vote securities rehypothecated from the Client.Are there any restrictions on voting rights? Yes/N oIf yes, detail Not applicableScheduled Return Date (if any) OpenDoes the borrower have the right to return early? Yes /NoIf yes, detail Prime broker may return shares which were rehypothecated from the client at any time.Does the lender have the right to recall early? Yes /NoIf yes, detail Prime broker will be required to return to the client shares rehypothecated from the client's account upon a sale of those shares by the client.Will the securities be returned on settlement? Yes /NoIf yes, detail any exceptions Upon an Event of Default, the default market value of all Equivalent Securities to be delivered will be determined and on the basis of the amounts so established, an accountshall be taken of what is due from each party to the other. The amounts due from one party shall be set off against the amounts due from the other party and only the balance of the account shall bepayable.----- End of picture text -----

Page 6