MAGELLAN FINANCIAL GROUP LIMITED — Director's Dealing 2021

Jan 18, 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	Robert Fraser
Date of last notice	15 December 2020

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 interests
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.		Tracy Fraser (wife)Fraser Family Trust (trustee and beneficiary)Fraser Family Superannuation Fund (trustee andbeneficiary)
Date of change		15 January 2021
No. of securities held prior to change		(ASX: MFG)Robert Fraser 13,132 FPOTracy Fraser 380,228 FPOFraser Family Trust 105,860 FPOFraser Family Superannuation Fund 780 FPOTotal 500,000 FPO(ASX: MGF)Tracy Fraser 205,601 Units(ASX: MHH)Robert Fraser 36,869 UnitsTracy Fraser 73,738 UnitsFraser Family Trust 73,738 UnitsFraser Family Superannuation Fund 72,046 UnitsTotal 256,391 Units
Class		Units 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

Number acquired	3,972 Units in Magellan High Conviction Trust
	(ASX: MHH))
Number disposed	N/A
Value/Consideration	$1.4520 per Unit in Magellan High Conviction
Note: If consideration is non-cash, provide details and estimated	Trust (ASX:MHH)
valuation
No. of securities held after change	(ASX: MFG)
	Robert Fraser 13,132 FPO
	Tracy Fraser 380,228 FPO
	Fraser Family Trust 105,860 FPO
	Fraser Family Superannuation Fund 780 FPO
	Total 500,000 FPO
	(ASX: MGF)
	Tracy Fraser 205,601 Units
	(ASX: MHH)
	Robert Fraser 37,440 Units
	Tracy Fraser 74,881 Units
	Fraser Family Trust 74,880 Units
	Fraser Family Superannuation Fund 73,162 Units
	Total 260,363 Units
Nature of change	Units issued under the DRP
Example: on-market trade, off-market trade, exercise of options, issue
of securities under dividend reinvestment plan, participation in buy-
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	N/A
Nature of interest	N/A
Name of registered holder	N/A
(if issued securities)
Date of change	N/A
No. and class of securities to which	N/A
interest related prior to change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired	N/A
Interest disposed	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

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?	N/A
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

19 January 2021

Authorised by

Marcia Venegas | Company Secretary

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3