MAGELLAN FINANCIAL GROUP LIMITED — Fund Information / Factsheet 2012

Jun 4, 2012

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MAGELLAN FINANCIAL GROUP LIMITED (‘MAGELLAN’) FUNDS UNDER MANAGEMENT UPDATE[1] AS AT 31 MAY 2012

As at 31 May 2012, Magellan had funds under management of approximately $3,740 million. This compares with funds under management of $3,564 million at 30 April 2012.

Magellan’s retail funds under management had a value of $1,718 million, which includes Global Equities[2] of $1,635 million.

Wholesale funds under management and advice were $2,022 million, of which 71% were beta style mandates and funds. Wholesale and beta style mandates have materially lower fees than the fees of other Magellan products.

In May, Magellan experienced net inflows of $107.7 million, which included net inflows of $92.1 million into the Magellan Global Fund / Colonial First State Magellan Global Option.

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Leo Quintana Legal Counsel & Company Secretary

5 June 2012

1 Funds under management figures are approximate and rounded, and have not been audited

2 Retail Global Equities principally represent the retail components of the Magellan Global Fund/Colonial First State Magellan Global Option.