MAGELLAN FINANCIAL GROUP LIMITED — Director's Dealing 2021

Apr 25, 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	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 or indirect interest	Direct and Indirect Interests	Direct and Indirect Interests	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		23 April 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 Fund14,733,043 Units in Magellan High Conviction Trust (ASX: MHH)20,869,659 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		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. $1.7025 (average) per Unit in Magellan Global Fund (ClosedClass) (ASX: MGF)2. $1.4608 (average) per Unit in in Magellan High Conviction Trust(ASX: MHH).
			2.(A	$1.4608 (average) per Unit in in MageSX: MHH).	llan High Conviction

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Change	of Director’s Interest Notice	of Director’s Interest Notice
No. of s	iti hld ft h	22212	27 Ordinar Shares (ASX: MFG)
	cures e aer cange	,,2,312,58	y2.5752 Units in Magellan High Convicti	on Fund
		1,159,37520,484	1.2571 Units in Magellan High ConvictiUnits in Magellan Global Equities Fund	on Fund – Class B(Currency Hedged)
		(ASX: M101,173.	HG)6139 Units in Magellan Infrastructure F	und
		14,833,020969	43 Units in Magellan High Conviction T59 Uit i Mll Glbl Fd C	rust (ASX: MHH)ld Cl ASX
		,,MGF)	ns n agean oa un (	ose ass) (:
		12,829,53,421,12	22 MGF Options (expiring 1 March 2026.0678 Units in Magellan Global Fund	4)(Open Class) (ASX:
		MGOC)
Nature of changeExample: on-market trade, off-market trade,f f d		O	t h
		n-mar	e purcases.
exercise o options, issue o securities unerdividend reinvestment plan, participation inbuy-back

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	N/A	N/A	N/A
Nature of interest		N/A
Name of registered holder(if issued securities)		N/A
Date of	change	N/A
No. andinterestNote: Detrelation to	class of securities to which	N/A
	related prior to changeails are only required for a contract in
	which the interest has changed
Interes	t acquired	N/A
Interes	t disposed	N/A
Value/Note: If cand an esti	Considerationnsideration is non-cash provide details	N/A
	,mated valuation
Interes	t after change	N/A
Part 3 –	+Closed period

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed	No
above traded during a+closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the	N/A
trade to proceed during this period?
If prior written clearance was provided, on what date was	N/A
this provided?

26 April 2021 Authorised by

Marcia Venegas | Company Secretary

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011