MAGELLAN FINANCIAL GROUP LIMITED — Director's Dealing 2020

Dec 13, 2020

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	Karen Phin
Date of last notice	24 November 2020

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	Direct and Indirect	Direct and Indirect
		Nature of indirect interest	Eleanore Phin		hin
		(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Eleanore Phin and Karen Phin ATF the P A PPortable Superannuation Fund (trustee)
		Date of change	8 December 2020
		No of securities held rior to chane	89,312 Ordinary Shares (ASX: MFG)91,344 Units in (ASX: MGG)19,049.0704 Units in Airlie Australian Share Fund121,571 Units in(ASX: MHH)
		. p g	, y91344 Units in (ASX: MGG)
			,19,049.0704 Units in Airlie Australian Share Fu121,571 Units in(ASX: MHH)
			,.121,571 Units in(ASX: MHH)
		Class	Units in the Magellan Global Trust (ASX:Units in Maellan Global Fund (Close	MGG)d Cla	ss)
			g(ASX: MGF)
		Number acquired	91,344 Units in the Magellan Global Fund	(Clos	ed
			Class) (ASX: MGF)
		Number disposed*	91,344 Units in the Magellan Global TruMGG)*	st (A	SX:
		Value/ConsiderationNote: If consideration is non-cash, provide details and estimated	$1.8286 per Unit in (ASX: MGG)$18278 per Unit in (ASX: MGF)
		valuation
		No. of securities held after change	89,312 Ordinary Shares (ASX: MFG)91344 Uit i Cld Cl ASX MGF
*Units were not disposed, rather acquired resulting in the Magellan Global Fund holding all units in MGG & MGE121,571 Units in (ASX: MHH)			121,571 Units in (ASX: MHH)

*Units were not disposed, rather acquired resulting in the Magellan Global Fund holding all units in MGG & MGE

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change On 8 December 2020, the restructure approved Example: on-market trade, off-market trade, exercise of options, issue by unitholders on 25 November 2020 was of securities under dividend reinvestment plan, participation in buyback implemented, resulting in Magellan Global Fund holding all units on issue in Magellan Global Equities Fund (ASX: MGE) and Magellan Global Trust (ASX: 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 to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	N/A
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

14 December 2020

Authorised by

Marcia Venegas | Company Secretary

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011