The Board of Magellan Financial Group Limited declared a Special Dividend of 30.0 cents per share which is 85% franked, in respect of the year ended 30 June 2023. In determining to pay a Special Dividend the Board has balanced its objectives of delivering capital efficiency to shareholders with the availability of franking credits and having regard to the abolishment of the Offshore Banking Unit regime from 1 July 2023. Ex-dividend date is 23 August 2023.

Record date is 24 August 2023. Dividend payment date is 7 September 2023.