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	Brett Peter Cairns
Date of last notice	14 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
Nature of indirect interest(including registered holder)Note:Providedetailsofthecircumstances giving rise to the relevantinterest.	Euclid Pty Limited
Date of change	15 January 2021
No. of securities held prior tochange	1,137,615 Ordinary Shares (ASX: MFG)11,290 Units in Magellan Global Equities Fund (CurrencyHedged) (ASX: MHG)184,344 Units in Magellan High Conviction Trust (ASX: MHH)20,620 Units in Airlie Australian Share Fund (ASX: AASF)91,344 Units in Magellan Global Fund (Closed Class Units) (ASX: MGF)70,416 Units in Magellan Global Fund (Open Class Units) (ASX: MGOC)
Class	Units in Magellan High Conviction Trust (ASX: MHH)Units in Airlie Australian Share Fund (ASX: AASF)Units in Magellan Global Equities Fund(CurrencyHedged) (ASX: MHG)
Number acquired	369 Units in Airlie Australian Share Fund (ASX: AASF)206 Units in Magellan Global Equities Fund (Currency Hedged) (ASX:MHG)2,857Unitsin Magellan HighConviction Trust (ASX: MHH)
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/ConsiderationNote: If consideration is non-cash,	$2.9141 per Unit in Airlie Australian Share Fund (ASX: AASF)
provide details and estimated valuation	$3.5942 per Units in Magellan Global Equities Fund (Currency Hedged)
	(ASX: MHG)
	$1.4520 per Unit in Magellan High Conviction Trust (ASX: MHH)
No. of securities held after	1,137,615 Ordinary Shares (ASX: MFG)
change	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 Units) (ASX: MGF)
	70,416 Units in Magellan Global Fund (Open Class Units) (ASX: MGOC)
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
Value/Consideration	N/A
Note: If consideration is non-cash, provide details
and an estimated valuation
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? If so, was prior written clearance provided to allow the N/A trade to proceed during this period?

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

If prior written clearance was provided, on what date was N/A this provided?

19 January 2021

Authorised by

Marcia Venegas | Company Secretary

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3