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	Brett Peter Cairns
Date of last notice	15 February2021

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Euclid Pty Limited
**Date of change **	1 March 2021
No. of securities held prior to change	1,150,615 Ordinary Shares (ASX: MFG) 11,496 Units in Magellan Global Equities Fund (Currency Hedged) (ASX: MHG) 187,201 Units in Magellan High Conviction Trust (ASX: MHH) 20,989 Units in Airlie Australian Share Fund (ASX: AASF) 91,344 Units in Magellan Global Fund (Closed Class) (ASX: MGF) 70,416 Units in Magellan Global Fund (Open Class) (ASX: MGOC)
Class	Magellan Global Fund (Closed Class) (ASX: MGF) MGF Options (expiring 1 March 2024)
Number acquired	1. 50,926 Magellan Global Fund (Closed Class) (ASX: MGF) 2. 50,926 MGF Options (expiring 1 March 2024) 3. 45,672 MGF Options (expiring 1 March 2024)
Number disposed	N/A

• See chapter 19 for defined terms.

01/01/2011

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	1. $1.7383 per Unit in Magellan Global Fund (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.
No. of securities held after change	1,150,615 Ordinary Shares (ASX: MFG) 11,496 Units in Magellan Global Equities Fund (Currency Hedged) (ASX: MHG) 187,201 Units in Magellan High Conviction Trust (ASX: MHH) 20,989 Units in Airlie Australian Share Fund (ASX: AASF) 142,270 Units in Magellan Global Fund (Closed Class) (ASX: MGF) 70,416 Units in Magellan Global Fund (Open Class) (ASX: MGOC) 96,598 MGF Options (expiring 1 March 2024)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On 1 March 2021, the MGF Partnership Offer and Bonus Offer were completed, resulting in: a) MGF units purchased under the MGF Partnership Program; b) the issue of 1 MGF Option (expiring 1 March 2024) for each MGF unit purchased under the MGF Partnership Offer; and b) under the Bonus Offer, the issue of 1 MGF Option (expiring 1 March 2024) for every 2 units in MGF held by unitholders as at 26 February 2021.

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

• See chapter 19 for defined terms.

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01/01/2011

Appendix 3Y Change of Director’s Interest Notice

No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and 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 detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this 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