MAGELLAN FINANCIAL GROUP LIMITED — Director's Dealing 2016

Nov 21, 2016

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 Hamish Douglass Date of last notice 18 October 2016

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.

e disclosed in this part.
Direct or indirect interest	Direct and Indirect Interests
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Midas Touch Investments Pty LtdDouglass Employee Share Fund Pty Ltd
Dates of change	22 November 2016
No. of securities held prior to change	11,487,000 Ordinary Shares (ASX:MFG);10,200,000 MFG Class B Shares (Unlisted)1,537,725.1048 Magellan Global Fund1,719,489.4584 Magellan High Conviction Fund587,069MagellanGlobalEquitiesFund(ASX:MGE)510,385 Magellan Global Equities Fund (CurrencyHedged) (ASX:MHG)
Class	Ordinary Shares (ASX:MFG)
Number acquired	10,305,277Ordinary Shares (ASX:MFG) fromconversion of 10,200,000 Class B Shares toOrdinary Shares
Number disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Nil consideration, closing market price on 21November 2016 was $21.91 per OrdinaryShare.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	21,792,277 Ordinary Shares (ASX:MFG);1,537,725.1048 Magellan Global Fund1,719,489.4584 Magellan High Conviction Fund587,069MagellanGlobalEquitiesFund(ASX:MGE)510,385 Magellan Global Equities Fund (CurrencyHedged) (ASX:MHG)
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	Conversion of Class B Shares to OrdinaryShares

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 theinteresthas 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?

22 November 2016

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011