ASX:MFG - Change of Director's Interest Notice - Karen Phin

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	Karen Phin
Date of last notice	11 October 2019

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	Eleanore Phin
(including registered holder)	Eleanore Phin and Karen Phin ATF the P A Phin
Note: Provide details of the circumstances giving rise to the relevant	Portable Superannuation Fund (trustee)
interest.
Date of change	1.	16	January 2020
	2.	15	January 2020
	3.	16	January 2020
No. of securities held prior to change	89,312	Ordinary Shares (ASX: MFG)
	86,277	Units in (ASX: MGG)
	19,049.0704 Units in Airlie Australian Share Fund
	113,335 Units in (ASX: MHH)
Class	1.	Units in Magellan Global Trust (ASX: MGG)
	2.	Units in Magellan High Conviction Trust (ASX:
		MHH)
	3.	Units in Magellan High Conviction Trust (ASX:
		MHH)
Number acquired	1.	1,539 Units MGG DRP
	2.	6,166 Units MHH Loyalty and Foundation
	3.	970 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.	$1.85050 per Unit in MGG
Note: If consideration is non-cash, provide details and estimated	2.	Nil per Unit in MHH (NAV 14/01/20 $1.6765)
valuation	3.	$1.54700 per Unit in MHH
No. of securities held after change	89,312 Ordinary Shares (ASX: MFG)
	87,816 Units in (ASX: MGG)
	19,049.0704 Units in Airlie Australian Share Fund
	120,471 Units in (ASX: MHH)
Nature of change	1.	Dividend Reinvestment Plan
Example: on-market trade, off-market trade, exercise of options,	2.	Issue of Loyalty and Foundation Units pursuant to
issue of securities under dividend reinvestment plan, participation in		the Priority Offer for MHH. Refer MHH PDS lodged
buy-back
	with ASX 9/10/2019.
	3.	Dividend Reinvestment Plan

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 trade N/A to proceed during this period?

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y

Change of Director's Interest Notice

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

17 January 2020 Authorised by

Marcia Venegas | Company Secretary

• See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 3