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

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 Douglass
Date of last notice	20 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	Direct and Indirect Interests
Nature of indirect interest	Midas Touch Investments Pty Ltd
(including registered holder)	Douglass Employee Share Fund Pty Ltd
Note: Provide details of the circumstances giving rise to the relevant	Douglass Foundation Pty Ltd
interest.	Hambella Pty Ltd
Date of change	3 February 2020
No. of securities held prior to change	22,212,727 Ordinary Shares (ASX: MFG)
	15,476,570 Units in (ASX: MGG)
	2,257,577.5336 Units in Magellan Global Fund
	2,222,729.3293 Units in Magellan High
	Conviction Fund
	1,159,371.2571 Units in Magellan High
	Conviction Fund - Class B
	693,806 Units in Magellan Global Equities
	Fund (ASX: MGE)
	520,118 Units in Magellan Global Equities
	Fund (Currency Hedged) (ASX: MHG)
	101,173.6139 Units in Magellan Infrastructure
	Fund
	14,293,994 Units in (ASX: MHH)

+ See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y

Change of Director's Interest Notice

Class	Units in Magellan High Conviction Trust (ASX:
	MHH)
Number acquired	970 MHH DRP Units
Number disposed	Nil
Value/Consideration	$1.54700 per unit
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after change	22,212,727 Ordinary Shares (ASX: MFG)
	15,476,570 Units in (ASX: MGG)
	2,257,577.5336 Units in Magellan Global Fund
	2,222,729.3293 Units in Magellan High
	Conviction Fund
	1,159,371.2571 Units in Magellan High
	Conviction Fund - Class B
	693,806 Units in Magellan Global Equities
	Fund (ASX: MGE)
	520,118 Units in Magellan Global Equities
	Fund (Currency Hedged) (ASX: MHG)
	101,173.6139 Units in Magellan Infrastructure
	Fund
	14,294,964 Units in (ASX: MHH)
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

+ See chapter 19 for defined terms.

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01/01/2011

Appendix 3Y

Change of Director's Interest Notice

No. and class of securities to	N/A
which 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 N/A detailed above traded during a +closed period where prior written clearance was required?

If so, was prior written clearance provided to allow N/A the trade to proceed during this period?

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

4 February 2020 Authorised by

Marcia Venegas | Company Secretary

+ See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3