MAGELLAN FINANCIAL GROUP LIMITED — Director's Dealing 2016

Jan 26, 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 19 January 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	21 January 2016
No. of securities held prior to change	11,087,000 Ordinary Shares (ASX:MFG);10,200,000 MFG Class B Shares (Unlisted)1,412,701.0429 Magellan Global Fund1,592,075.7465 Magellan High Conviction Fund75,418 Magellan Global Equities Fund (ASX:MGE)250,000 Magellan Global Equities Fund (CurrencyHedged) (ASX:MHG)
Class	Units in listed registered managed investmentscheme
Number acquired	250,000 units in Magellan Global EquitiesFund (Currency Hedged) (ASX:MHG)
Number disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	250,000 units at $2.26 per unit

• 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 11,087,000 Ordinary Shares (ASX:MFG); 10,200,000 MFG Class B Shares (Unlisted) 1,412,701.0429 Magellan Global Fund 1,592,075.7465 Magellan High Conviction Fund 75,418 Magellan Global Equities Fund (ASX:MGE) 500,000 Magellan Global Equities Fund (Currency Hedged) (ASX:MHG) Nature of change On-market trade Example: on-market trade, off-market trade, exercise of options, 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	N/A
(if issued securities)
Date of change	N/A
No. and class of securities to	N/A
which interest related prior to
change
Note: Details are only required for a
contract in relation to which the
interesthas changed
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration	N/A
Note: If consideration is non-cash,
provide details and an estimated
valuation
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?

27 January 2016

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011