Platinum Asset Management (PTM) EGM 2025 summary

Opening remarks and agenda

• Meeting opened by the Chair, acknowledging traditional custodians, confirming quorum, and focusing on shareholder approval for resolutions related to the proposed merger with L1 Capital.

Specific resolutions to be voted on

• Resolutions 1–4: Approvals required to effect the merger, including acquisition of shares and interests by L1 Capital founders.

• Resolution 5: Approval for Platinum to acquire a relevant interest in escrowed shares issued to L1 Capital shareholders.

• Resolution 6: Approval to change the company name to L1 Group Limited, conditional on merger completion.

• Resolutions 7–8: Appointment of Jane Stewart and Neil Chatfield as Directors, conditional on merger completion.

• Resolution 9: Authorization of termination benefits for certain employees, not conditional on the merger.

Board and executive committee updates

• Introduction of Board members and committee chairs, including Audit, Risk, Compliance, and Nomination and Remuneration.

• Jane Stewart and Neil Chatfield proposed as new directors, conditional on merger completion.

• Board unanimously recommended all merger-related resolutions, with one abstention.

• Expected resignations of three directors upon merger completion, with thanks for their service.