MAGELLAN FINANCIAL GROUP LIMITED — Director's Dealing 2021

May 3, 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	3 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.

Part 1 - Change of director’s relevaIn the case of a trust, this includes interests		nt interests in securitiesin the trust made available by the responsible entity of the trust
Note: In the case of a company interests which		ome within paragraph (i) of the definition of “notifiable interest of a director” should be
,disclosed in this part.Direct or indirect interest
	Direct or indirect interest		Direct and Indirect Interests
	Nt f idit itt		Midas Touch Investments Pt Ltd
	aure o nrec neres(including registered holder)Note: Provide details of the circumstancgiving rise to the relevant interest.	es	yDouglass Employee Share Fund Pty LtdDouglass Foundation Pty LtdHambella Pty Ltd
			3 M 2021
	Date of change		ay
	No. of securities held prior	to	22,212,727 Ordinary Shares (ASX: MFG)
	change		2,312,582.5752 Units in Magellan High Conviction Fund1159371.2571 Units in Magellan High Conviction Fund – Cla
			,,520,484 Units in Magellan Global Equities Fund (Currency He(ASX: MHG)101,173.6139 Units in Magellan Infrastructure Fund
			15,333,043 Units in Magellan High Conviction Trust (ASX: MH21,469,659 Units in Magellan Global Fund (Closed Class)
			3,421,126.0678 UnitsMGOC)	in Magellan Global Fund (Open Class)
	Class		Magellan Global FundMagellan High Convic	(Closed Class) (ASX: MGF)tion Trust (ASX: MHH)
	Number acquired		1.100,000 Units inMGF)2.100,000 Units in	Magellan Global Fund (Closed Class)Magellan High Conviction Trust (ASX: M
	Number disposed		N/A
	Value/ConsiderationNote: If consideration is non-cash, providedetails and estimated valuation		1. $1.7495 (average) per Unit in Magellan Global Fund (ClosedClass) (ASX: MGF)2. $1.4820 (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

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 Fund15,433,043 Units in Magellan High Conviction Trust (ASX: MHH)21,569,659 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)

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

On-market purchases

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?	No
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

4 May 2021 Authorised by

Marcia Venegas | Company Secretary

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011