MAGELLAN FINANCIAL GROUP LIMITED — Director's Dealing 2017

Oct 17, 2017

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 Brett Peter Cairns Date of last notice 2 August 2017

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	Direct and indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	Euclid Pty Limited
Date of change	12 October 2017
No. of securities held prior to change	1,024,523 Ordinary Shares in MFG41,250 Units in Magellan Global Equities Fund(ASX:MGE)10,178 units in Magellan Global Equites Fund(Currency Hedged) (ASX:MHG)
Class	Units in Magellan Global Trust (ASX:MGG)
Number acquired	66,666 Units in MGG under the Priority Offer
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	$1.50 per unit in MGG

• 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	1,024,523 Ordinary Shares in MFG66,666 Units in Magellan Global Trust (ASX:MGG)41,250 Units in Magellan Global Equities Fund(ASX:MGE)10,178 units in Magellan Global Equites Fund(Currency Hedged) (ASX:MHG)
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan,participation in buy-back	IPO for MGG

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

art 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow thetrade to proceed during this period?	N/A
If prior written clearance was provided, on what date wasthis provided?	N/A

18 October 2017

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011