ASX:MFG - Change of Director's Interest Notice - Hamish McLennan

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	17 January 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	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	28 July 2020
No. of securities held prior to change	105,248 Ordinary Shares in (ASX: MFG)
	87,623 Units Shares in (ASX: MGG)
	36,319 Units (ASX: MHH)
Class	Units in Magellan Global Trust (ASX: MGG)
	Units in Magellan High Conviction Trust (ASX:
	MHH)
Number acquired	1,732 Units MGG DRP
	550 Units MHH DRP
Number disposed	Nil

+ See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y

Change of Director's Interest Notice

Value/Consideration	$1.7499 per Unit in (ASX: MGG)
Note: If consideration is non-cash, provide details and estimated	$1.4854 per Unit in (ASX: MHH)
valuation
No. of securities held after change	105,248 Ordinary Shares in (ASX: MFG)
	89,346 Units Shares in (ASX: MGG)
	36,869 Units (ASX: MHH)
Nature of change	Units issued under 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?
If prior written clearance was provided, on what date was	N/A
this provided?
03 August 2020
Authorised by
Marcia Venegas | Company Secretary

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011