MAGELLAN FINANCIAL GROUP LIMITED — Director's Dealing 2021

Mar 4, 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 McLennan
Date of last notice	21 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.

Direct or indirect interest	Indirect
Nature of indirect interest	McLennan Superannuation Fund
(including registered holder)	Londolozi Family Trust
Note: Provide details of the circumstances giving rise to the relevant
interest.
**Date of change **	1 March 2021
No. of securities held prior to change	105,248 Ordinary Shares in (ASX: MFG)
	91,144 Units in Magellan Global Fund (Closed
	Class) (ASX: MGF)
	37,440 Units in Magellan High Conviction Trust
	(ASX: MHH)
Class	Magellan Global Fund (Closed Class) (ASX:
	MGF)
	MGF Options (expiring 1 March 2024)
Number acquired	1. 24,511 Units in Magellan Global Fund (Closed
	Class) (ASX: MGF)
	2. 24,511 MGF Options (expiring 1 March 2024)
	3. 45,572 MGF Options (expiring 1 March 2024)
Number disposed	N/A
Value/Consideration	1. $1.7383 per Unit in Magellan Global Fund
Note: If consideration is non-cash, provide details and estimatedvaluation	(Closed Class) (ASX: MGF).
	2. Nil consideration as the MGF Options were
	issued pursuant to the Partnership Offer.
	3. Nil consideration as the MGF Options were
	issued pursuant to a bonus issue.

• See chapter 19 for defined terms.

01/01/2011

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	105,248 Ordinary Shares in (ASX: MFG)37,440 Units in Magellan High Conviction Trust(ASX: MHH)115,655 Units in Magellan Global Fund (ClosedClass) (ASX: MGF)70,083 MGF Options (expiring 1 March 2024)
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	On 1 March 2021, the MGF Partnership Offer andBonus Offer were completed, resulting in:a) MGF units purchased under the MGFPartnership Program;b) the issue of 1 MGF Option (expiring 1 March2024) for each MGF unit purchased under theMGF Partnership Offer; andc) under the Bonus Offer, the issue of 1 MGFOption (expiring 1 March 2024) for every 2 unitsin MGF held by unitholders as at 26 February2021.

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

Were the interests in the securities or contracts detailed N/A above traded during a[+] closed period where prior written clearance was required?

• See chapter 19 for defined terms.

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01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

5 March 2021

Authorised by

Marcia Venegas | Company Secretary

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3