MAGELLAN FINANCIAL GROUP LIMITED — Director's Dealing 2021

Jul 26, 2021

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	Robert Fraser
Date of last notice	4 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 interests
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.		Tracy Fraser (wife)Fraser Family Trust (trustee and beneficiary)Fraser Family Superannuation Fund (trustee andbeneficiary)
Date of change		21 July 2021
No. of securities held prior to change		(ASX: MFG)Robert Fraser 13,132 FPOTracy Fraser 380,228 FPOFraser Family Trust 105,860 FPOFraser Family Superannuation Fund 780 FPOTotal 500,000 FPO(ASX: MGF)Tracy Fraser 260,893 UnitsMGF Options expiring 1 March 2024Tracy Fraser 158,092 Options(ASX: MHH)Robert Fraser 37,440 UnitsTracy Fraser 74,881 UnitsFraser Family Trust 74,880 UnitsFraser Family Superannuation Fund 73,162 UnitsTotal 260,363 Units

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Class		Units in Magellan Global Fund (Closed Class)(ASX: MGF)Units in Magellan High Conviction Trust (ASX:MHH)
Number acquired		1. 5,348 Units in Magellan Global Fund (ClosedClass) (ASX: MGF)2. 3,558 Units in Magellan High ConvictionTrust (ASX: MHH)
Number disposed		N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation		1. $1.7856 per Unit in Magellan Global Fund(Closed Class) (ASX: MGF)2. $1.6467 per Unit in the Magellan HighConviction Trust (ASX: MHH)
No. of securities held after change		(ASX: MFG)Robert Fraser 13,132 FPOTracy Fraser 380,228 FPOFraser Family Trust 105,860 FPOFraser Family Superannuation Fund 780 FPOTotal 500,000 FPO(ASX: MGF)Tracy Fraser 266,241 UnitsMGF Options expiring 1 March 2024Tracy Fraser 158,092 Options(ASX: MHH)Robert Fraser 37,952 UnitsTracy Fraser 75,904 UnitsFraser Family Trust 75,903 UnitsFraser Family Superannuation Fund 74,162 UnitsTotal 263,921 Units
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back		Units issued under Distribution ReinvestmentPlan.

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

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

27 July 2021

Authorised by

Marcia Venegas | Company Secretary

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3