MAGELLAN FINANCIAL GROUP LIMITED — Director's Dealing 2015

Sep 27, 2015

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28 September 2015

ASX Limited ASX Market Announcements Office Exchange Centre 20 Bridge Street SYDNEY NSW 2000

Appendix 3Y – Change of Director’s interest Notice – Paul Lewis

Please find attached an Appendix 3Y – Change of Directors Interest Notice for Paul Lewis (Notice) for lodgement on behalf of Magellan Financial Group Limited (MFG).

The Notice includes disclosure in relation to units issued in Magellan Global Fund to an entity associated with Mr Lewis on 4 August 2015. An Appendix 3Y was not lodged at that time due to an oversight by the Director in notifying the Company. This was identified as part of the notification by the Director of units subsequently acquired on 21 September 2015, the subject of this notice.

The Company and its Directors are aware of their obligations under the ASX Listing Rules, including Listing Rule 3.19A and 3.19B. Pursuant to the terms of their agreement with the Company each Director is obliged to provide information to the Company regarding securities that they hold and of any changes to those holdings. In addition, the Company’s Trading Policy regulates the pre-approval and notification processes in respect of trading in the Company’s securities and those of any registered managed investment scheme operated by a related entity.

MFG believes that the current arrangements are adequate and are being enforced and that this was an isolated incident.

Yours faithfully

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Geoffrey Stirton

Company Secretary

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 Magellan Financial Group Limited ABN 59 108 437 592

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 Paul Lewis Date of last notice 3 August 2015

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
(including registered holder)	PAJ Lewis Superannuation Fund Pty Ltd
Note: Provide details of the circumstances giving rise to the relevantinterest.	PAJ Lewis Pty LimitedMelissaLewisFoundation
Date of change	4 August 2015
	21 September 2015.
No. of securities held prior to change	1,850,000 Ordinary Shares in MFG
	411,564.8280 units in Magellan Global Fund
	41,431.6950 units in Magellan Infrastructure
	Fund
Class	Unitsinunlistedregistered	managed
	investment schemes
Number acquired	14,931.3159 units in Magellan Global Fund
	15,307.6845 units in Magellan Global Fund
	byMelissa Lewis Foundation
Number disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$30,000.00$30,000.00
No. of securities held after change	1,850,000 Ordinary Shares in MFG
	441,803.8284 units in Magellan Global Fund
	41,431.6950 units in Magellan Infrastructure
	Fund

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Purchase of units in unlisted registered Example: on-market trade, off-market trade, exercise of options, managed investment scheme. issue of securities under dividend reinvestment plan, participation in buy-back

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(if issued securities)	N/A
Date of change	N/A
No. and class of securities towhich interest related prior tochangeNote: Details are only required for acontract in relation to which theinterest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash,provide details and an estimatedvaluation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the N/A trade to proceed during this period? If prior written clearance was provided, on what date was N/A this provided?

28 September 2015

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011