MAGELLAN FINANCIAL GROUP LIMITED — Director's Dealing 2021

Mar 7, 2021

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MLC Centre Level 36, 19 Martin Place Sydney NSW 2000 AUSTRALIA

8 March 2021

General: +61 2 9235 4888 Facsimile: +61 2 9235 4800 Website: www.magellangroup.com.au ABN: 31 120 593 946 AFSL: 304 301

ASX Limited ASX Market Announcements Office Exchange Centre 20 Bridge Street SYDNEY NSW 2000

MAGELLAN FINANCIAL GROUP LIMITED CHANGE OF DIRECTOR’S INTEREST NOTICE – PAUL LEWIS

We refer to the Appendix 3Y Change of Director’s Interest Notice for Paul Lewis attached to this announcement.

This Appendix 3Y includes the allotment of units in the unlisted Magellan Global Fund (currently known as MGOC) issued on 5 November 2020 under the distribution reinvestment plan for the distribution for the half-year ended 31 December 2020, not reported in November due to human error.

The Company and its Directors are aware of their obligations under the ASX Listing Rules including Listing Rules 3.19A and 3.19B.

We have strengthened controls in this area to prevent recurrence and the Company believes that the revised arrangements are adequate.

Authorised by

Marcia Venegas | Company Secretary

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	Paul Lewis
Date of last notice	19 January 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.

		Name of Director	Name of Director	Name of Director	Paul Lewis	Paul Lewis
Date of last notice19 January 2021Part 1 - Change of director’s relevant interests in securitiesIn the case of a trust, this includes interests in the trust made available by the responsible entity of the trustNote: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should bdisclosed in this part.Direct or indirect interestDirect and IndirectNature of indirect interest(including registered holder)Note: Provide details of the circumstances givingrise to the relevant interest.PAJ Lewis Superannuation Fund Pty LtdMelissa Lewis FoundationThe PAJ TrustDate of change5 November 2020, 1 March 2021No. of securities held prior tochange1,350,000 Fully Paid Ordinary Shares (ASX: MFG)602,932.2286 Units in Magellan Global Fund (Open Class
		Date of last notice			19 January 2021
	Part 1 - Change of director’s relIn the case of a trust, this includes interNote: In the case of a company, interests whdisclosed in this part.Direct or indirect interestNature of indirect interest(including registered holder)Note: Provide details of the circumstancrise to the relevant interest.Date of changeNo. of securities held prichange		evant interests in securitiesests in the trust made available by the responsible entity of the trustich come within paragraph (i) of the definition of “notifiable interest of a director” should b
		Direct or indirect interest		Direct and Indirect
		Nature of indirect interest(including registered holder)Note: Provide details of the circumstancrise to the relevant interest.	es giving	PAJ Lewis Superannuation Fund Pty LtdMelissa Lewis FoundationThe PAJ Trust
		Date of change		5 November 2020, 1 March 2021
		No. of securities held prichange	or to	1,350,000 Fully Paid Ordinary Shares (ASX: MFG)602,932.2286 Units in Magellan Global Fund (Open Class		Units)HH)ass B(ASX:
				(ASX: MGOC)1,360,210.9424 Units in Magellan Infrastructure Fund1,496,053 Units in Magellan High Conviction Trust (ASX: M889,713.8451 Units in Magellan High Conviction Fund – Cl415,754.7914 Units in Airlie Australian Share Fund703,998 Units in Magellan Global Fund (Closed Class)MGF)
		Class		Units in Maellan Global Fund (Oen Class Units) (ASX: M		GOC)
				g pMagellan Global Fund (Closed Class) (ASX: MGF)MGF Options (expiring 1 March 2024)
		Number acquired		1. 10,088.2654 Units in Magellan Global Fund (Open(ASX: MGOC)2. 344,198 Units in Magellan Global Fund (Closed Class)		Class)(ASX:
				MGF)3. 344,198 MGF Options (expiring 1 March 2024)4. 351,999 MGF Options (expiring 1 March 2024)

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number
	disosed	N/A
Value/CoNote: If conand estimat	p
	nsiderationsideration is non-cash, provide detailsed valuation	1. $2.6135 per U(ASX: MGOC).2. $1.7383 per U(ASX: MGF).3. Nil consideratpursuant to the		nit in Magellan Global Fund (Open Class)nit in Magellan Global Fund (Closed Class)ion as the MGF Options were issuedPartnership Offer.
No. of se		4. Nil consideratpursuant to a b		ion as the MGF Options were issuedonus issue.
	curities held after change	1,350,000 Fully Paid613,020.4940 Units(ASX: MGOC)		Ordinary Shares (ASX: MFG)in Magellan Global Fund (Open Class Units)
		1,360,210.9424 Uni1,496,053 Units in889,713.8451 Units		ts in Magellan Infrastructure FundMagellan High Conviction Trust (ASX: MHH)in Magellan High Conviction Fund – Class B
NatureExample: oexercise ofdividend reiback		415,754.7914 Units1,048,196 Units inMGF)696,197 MGF Optio		in Airlie Australian Share FundMagellan Global Fund (Closed Class) (ASX:ns (expiring 1 March 2024)
	of changen-market trade, off-market trade,options, issue of securities undernvestment plan, participation in buy-	5 November 2020:1 March 2021: Thwere completed, rea) MGF units purch		Units issued under the DRP.e MGF Partnership Offer and Bonus Offersulting in:ased under the MGF Partnership Program;
		b) the issue of 1 MMGF unit purchase		GF Option (expiring 1 March 2024) for eachd under the MGF Partnership Offer; and
		c) under the BonusMh 2024 f		Offer, the issue of 1 MGF Option (expiring 12 i i MGF hld b ihld
		arc ) or ev26 February2021.		ery unts n e y untoers as at
Part 2 –Note: In the cadisclosed in th	Change of director’s interests in contractsse of a company, interests which come within paragraph (ii) of the deis part.			finition of “notifiable interest of a director” should be
Detail oNature	f contract		N/A
	of interest		N/A
Name o(if issueDate of
	f registered holderd securities)		N/A
	change		N/A

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	N/A
(if issued securities)
Date of change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

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?

8 March 2021

Authorised by

Marcia Venegas | Company Secretary

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3