MAGELLAN FINANCIAL GROUP LIMITED — Director's Dealing 2021

Jul 26, 2021

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Level 36, 25 Martin Place Sydney NSW 2000 AUSTRALIA

27 July 2021

General: +61 2 9235 4888 Facsimile: +61 2 9235 4800 Website: www.magellangroup.com.au ABN: 31 120 593 946 AFSL: 304 301

ASX Limited ASX Market Announcements Office Exchange Centre 20 Bridge Street SYDNEY NSW 2000

MAGELLAN FINANCIAL GROUP LIMITED CHANGE OF DIRECTOR’S INTEREST NOTICE – JOHN EALES

We refer to the Appendix 3Y Change of Director’s Interest Notice for John Eales attached to this announcement.

This Appendix 3Y includes an on-market purchase of units in the Airlie Australian Share Fund (ASX: AASF) on 14 December 2020, which was not reported in December due to human error.

The Company and its Directors are aware of their obligations under the ASX Listing Rules including Listing Rules 3.19A and 3.19B.

We have strengthened controls in this area to prevent recurrence and the Company believes that the revised arrangements are adequate.

Authorised by

Marcia Venegas | Company Secretary

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	John Eales
Date of last notice	5 March 2021

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 the relevant interest.	Superannuation Fund Family Trust
Date of change	1. 14 December 2020 2. 21 July 2021 3. 21 July 2021
No. of securities held prior to change	77,616 Ordinary Shares in (ASX: MFG) 224,934 Units in Magellan High Conviction Trust (ASX: MHH) 388,435 Units in Magellan Global Fund (Closed Class) (ASX: MGF) 235,377 MGF Options (expiring 1 March 2024)
Class	1. Units in Airlie Australian Share Fund 2. Units in Magellan High Conviction Trust (ASX: MHH)
Number acquired	1. 16,685 Units in Airlie Australian Share Fund 2. 3,074 Units in Magellan High Conviction Trust (ASX: MHH) 3. 7,961 Units in Magellan Global Fund (Closed Class) ~~(ASX:MGF)~~
Number disposed	N/A

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	1. $2.9900 per Unit in Airlie Australian Share Fund 2. $1.6467 per Unit in the Magellan High Conviction Trust (ASX: MHH) 3. $1.7856 per Unit in Magellan Global Fund (Closed Class) (ASX: MGF).
No. of securities held after change	77,616 Ordinary Shares in (ASX: MFG) 228,008 Units in Magellan High Conviction Trust (ASX: MHH) 396,396 Units in Magellan Global Fund (Closed Class) (ASX: MGF) 235,377 MGF Options (expiring 1 March 2024) 16,685 Units in Airlie Australian Share Fund
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	1. On-market purchase 2. Units issued under DRP 3. Units issued under DRP

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 which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	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?

27 July 2021 Authorised by Marcia Venegas | Company Secretary

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011