MAGELLAN FINANCIAL GROUP LIMITED — Director's Dealing 2021

Jun 2, 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.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	Brett Peter Cairns
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 therelevant interest.	Euclid Pty Limited
**Date of change **	2 June 2021
No. of securities held prior to change	1,150,615 Ordinary Shares (ASX: MFG)11,496 Units in Magellan Global EquitiesFund (Currency Hedged) (ASX: MHG)187,201 Units in Magellan High ConvictionTrust (ASX: MHH)20,989 Units in Airlie Australian Share Fund(ASX: AASF)142,270 Units in Magellan Global Fund(Closed Class) (ASX: MGF)70,416 Units in Magellan Global Fund (OpenClass) (ASX: MGOC)96,598 MGF Options (expiring 1 March 2024)
Class	Magellan FuturePay (Chi-X: FPAY)
Number acquired	20,000 units in Magellan FuturePay (Chi-X:FPAY)
Number disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$5.7600 per Unit in Magellan FuturePay (Chi-X: FPAY)

• 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

1,150,615 Ordinary Shares (ASX: MFG)11,496 Units in Magellan Global EquitiesFund (Currency Hedged) (ASX: MHG)187,201 Units in Magellan High ConvictionTrust (ASX: MHH)20,989 Units in Airlie Australian Share Fund(ASX: AASF)142,270 Units in Magellan Global Fund(Closed Class) (ASX: MGF)70,416 Units in Magellan Global Fund (OpenClass) (ASX: MGOC)96,598 MGF Options (expiring 1 March 2024)20,000 units in Magellan FuturePay (Chi-X:FPAY)

Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participationin buy-back

On-market purchase

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 priorto 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 No detailed above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow N/A the trade to proceed during this period?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

If prior written clearance was provided, on what N/A date was this provided?

3 June 2021

Authorised by

Marcia Venegas | Company Secretary

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3