MAGELLAN FINANCIAL GROUP LIMITED — Director's Dealing 2016

Sep 20, 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 Paul Lewis Date of last notice 26 August 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.

Direct or indirect interest	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	PAJ Lewis Superannuation Fund Pty LtdPAJ Lewis Pty LimitedMelissaLewisFoundation
Date of change	20 September 2016
No. of securities held prior to change	1,725,000 Ordinary Shares in MFG505,919.8538 units in Magellan Global Fund44,578.6885 units in Magellan InfrastructureFund
Class	Units in Magellan Infrastructure Fund
Number acquired	326,930.9358
Number disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$1.2235 per unit
No. of securities held after change	1,725,000 Ordinary Shares in MFG505,919.8538 units in Magellan Global Fund371,509.6243 units in Magellan InfrastructureFund

• See chapter 19 for defined terms.

Appendix 3Y Page 1

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Nature of change Acquire units in registered managed Example: on-market trade, off-market trade, exercise of options, 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	Detail of contract	Detail of contract	N/A	N/A	N/A	N/A	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
	terest has changed
I	nterest acquired		N/A
I
	nterest disposed		N/A
Value/ConsiderationNote: If consideration is non-cash,provide details and an estimatedvaluation	alue/Consideration		N/A
	ote: If consideration isrovide details and an	non-cash,estimated
Interest after change			N/A

Part 3 –[+] Closed period

art 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?

21 September 2016

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011