MAGELLAN FINANCIAL GROUP LIMITED — Director's Dealing 2021

May 6, 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	6 May 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 circumstancesgiving rise to the relevant interest.	Midas Touch Investments Pty LtdDouglass Employee Share Fund Pty LtdDouglass Foundation Pty LtdHambella Pty Ltd
Date of change	6 May 2021
No. of securities held prior tochange	22,212,727 Ordinary Shares (ASX: MFG)2,312,582.5752 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 Fund15,633,043 Units in Magellan High Conviction Trust (ASX: MHH)21,769,659 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	Magellan Global Fund (Closed Class) (ASX: MGF)Magellan High Conviction Trust (ASX: MHH)
Number acquired	1.100,000 Units in Magellan Global Fund (Closed Class) (ASX:MGF)2.100,000 Units in Magellan High Conviction Trust (ASX: MHH)
Number disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, providedetails and estimated valuation	1. $1.7340 (average) per Unit in Magellan Global Fund (ClosedClass) (ASX: MGF)2. $1.4730 (average) per Unit in 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	No. of securities held after change	No. of securities held after change	22,212,727 Ordinary Shares (ASX: MFG)2,312,582.5752 Units in Magellan High Conviction Fund11593712571 Units in Magellan High Conviction Fund – Class B	22,212,727 Ordinary Shares (ASX: MFG)2,312,582.5752 Units in Magellan High Conviction Fund11593712571 Units in Magellan High Conviction Fund – Class B	22,212,727 Ordinary Shares (ASX: MFG)2,312,582.5752 Units in Magellan High Conviction Fund11593712571 Units in Magellan High Conviction Fund – Class B	22,212,727 Ordinary Shares (ASX: MFG)2,312,582.5752 Units in Magellan High Conviction Fund11593712571 Units in Magellan High Conviction Fund – Class B	22,212,727 Ordinary Shares (ASX: MFG)2,312,582.5752 Units in Magellan High Conviction Fund11593712571 Units in Magellan High Conviction Fund – Class B	22,212,727 Ordinary Shares (ASX: MFG)2,312,582.5752 Units in Magellan High Conviction Fund11593712571 Units in Magellan High Conviction Fund – Class B
			,,.520,484 Units in Magellan Global			Equities Fund (Currency Hedged)
			(ASX: MHG)
			101,173.613915733043 U		Units in Magellan Iit i Mll Hi	nfrastructure Fundh Citi Tt A	SX MHH
			,,21,869,659 U		s n agean gnits in Magellan G	onvcon rus (lobal Fund (Closed	: )Class) (ASX:
			MGF)
Nature of change			12,829,522 MGF Options (expiring 1 March 2024)3,421,126.0678 Units in Magellan Global Fund (Open Class) (ASX:MGOC)
			On-market purchases
Example: on-market trade, off-market	trade,
exercise of options, issue of securitiesdividend reinvestment plan, participabuy-back	undertion in
Part 2 – Change of directo	r’s interests in c			ontracts

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	Detail of contract	Detail of contract	N/A	N/A	N/A	N/A	N/A
Nature of interest			N/A
Name of registered holder			N/A
(if issued securities)
Date of changeNo. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide details
			N/A
			N/A
			N/A
			N/A
			N/A
and an estimated valuation
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?If so, was prior written clearance provided to allow thei hi i	No
	N/A
trade to proceed durng ts perod?
If prior written clearance was provided, on what date was	N/A
this provided?
7 May 2021Authorised byMi V	C St

7 May 2021 Authorised by

Marcia Venegas | Company Secretary

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011