MAGELLAN FINANCIAL GROUP LIMITED — Director's Dealing 2021

Jul 22, 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	Hamish Douglass
Date of last notice	8 July 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.

disclosed in thispart.
Direct or indirect interest	Direct and Indirect Interests
Nature of indirect interest(including registered holder)Note: Provide details of the circumstancesgiving rise to the relevant interest.	Midas Touch Investments Pty LtdDouglass Employee Share Fund Pty LtdDouglass Foundation Pty LtdHambella Pty Ltd
Date of change	21 July 2021
No. of securities held prior tochange	22,212,727 Ordinary Shares (ASX: MFG)2,339,662.1248 Units in Magellan High Conviction Fund1,159,371.2571 Units in Magellan High Conviction Fund – Class B520,484 Units in Magellan Global Equities Fund (Currency Hedged)(ASX: MHG)101,173.6139 Units in Magellan Infrastructure Fund15,733,043 Units in Magellan High Conviction Trust (ASX: MHH)21,869,659 Units in Magellan Global Fund (Closed Class) (ASX:MGF)12,829,522 MGF Options (expiring 1 March 2024)3,421,126.0678 Units in Magellan Global Fund (Open Class) (ASX:MGOC)
Class	Units in Magellan Global Fund (Open Class) (ASX: MGOC)Units in Magellan Global Fund (Closed Class) (ASX: MGF)Units in Magellan High Conviction Trust (ASX: MHH)
Number acquired	35,823 Units in Magellan Global Fund (Open Class) (ASX: MGOC)414,898 Units in Magellan Global Fund (Closed Class) (ASX: MGF)213,505 Units in Magellan High Conviction Trust (ASX: MHH)
Number disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, providedetails and estimated valuation	$2.6895 per Unit in Magellan Global Fund (Open Class) (ASX:MGOC)$1.7856 per Unit in Magellan Global Fund (Closed Class) (ASX:MGF)$1.6467 per Unit in Magellan High Conviction Trust (ASX: MHH)

• 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

22,212,727 Ordinary Shares (ASX: MFG)2,339,662.1248 Units in Magellan High Conviction Fund1,159,371.2571 Units in Magellan High Conviction Fund – Class B520,484 Units in Magellan Global Equities Fund (Currency Hedged)(ASX: MHG)101,173.6139 Units in Magellan Infrastructure Fund15,946,548 Units in Magellan High Conviction Trust (ASX: MHH)22,284,557 Units in Magellan Global Fund (Closed Class) (ASX:MGF)12,829,522 MGF Options (expiring 1 March 2024)3,456,949.0678 Units in Magellan Global Fund (Open Class) (ASX:MGOC)

Nature of changeExample: on-market trade, off-market trade,exercise of options, issue of securities underdividend reinvestment plan, participation inbuy-back

Units issued under the 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 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

23 July 2021 Authorised by

Marcia Venegas | Company Secretary

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011