ASX:MFG - Change of Director's Interest Notice - Brett Cairns

Appendix 3Y Change of Director's Interest Notice

Appendix 3Y

Rule 3.19A.2

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	Brett Peter Cairns
Date of last notice	23 November 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
Nature of indirect interest	Euclid Pty Limited
(including registered holder)
Note: Provide details of the
circumstances giving rise to the relevant
interest.
Date of change	8 December 2020
No. of securities held prior to	1,137,615 Ordinary Shares (ASX: MFG)
change	91,344	Units in Magellan Global Trust (ASX: MGG)
	46,350	Units in Magellan Global Equities Fund (ASX: MGE)
	11,290	Units in Magellan Global Equities Fund (Currency
	Hedged) (ASX: MHG)
	184,344 Units in Magellan High Conviction Trust (ASX: MHH)
	20,620	Units in Airlie Australian Share Fund (ASX: AASF)
Class	Units in Magellan Global Trust (ASX: MGG)
	Units in Magellan Global Equities Fund (ASX: MGE)
	Units in Magellan Global Fund (Closed Class Units) (ASX: MGF)
	Units in Magellan Global Fund (Open Class Units) (ASX: MGOC)
Number acquired	91,344	Units in Magellan Global Fund (Closed Class Units) (ASX: MGF)
	70,416	Units in Magellan Global Fund (Open Class Units) (ASX: MGOC)
Number disposed	91,344	Units in Magellan Global Trust (ASX: MGG)*
	46,350	Units in Magellan Global Equities Fund (ASX: MGE)*

*Units were not disposed, rather acquired resulting in the Magellan Global Fund holding all units in MGG &

MGE

• See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1

Appendix 3Y

Change of Director's Interest Notice

Value/Consideration	$1.8278 per Unit in Magellan Global Fund (Closed Class Units) (ASX: MGF)
Note: If consideration is non-cash,	$1.8286 per in Unit Magellan Global Trust (ASX: MGG)
provide details and estimated valuation	$2.5449 per Unit in Magellan Global Fund (Open Class Units)
	(ASX: MGOC)
	$3.8681 per Unit in Magellan Global Equities Fund (ASX: MGE)
No. of securities held after	1,137,615 Ordinary Shares (ASX: MFG)
change	11,290	Units in Magellan Global Equities Fund (Currency
	Hedged) (ASX: MHG)
	184,344 Units in Magellan High Conviction Trust (ASX: MHH)
	20,620	Units in Airlie Australian Share Fund (ASX: AASF)
	91,344	Units in Magellan Global Fund (Closed Class Units) (ASX: MGF)
	70,416	Units in Magellan Global Fund (Open Class Units) (ASX: MGOC)
Nature of change	On 8 December 2020, the restructure approved by unitholders on 25
Example: on-market trade, off-market	November 2020 was implemented, resulting in Magellan Global Fund
trade, exercise of options, issue of	holding all units on issue in Magellan Global Equities Fund (ASX: MGE)
securities under dividend reinvestment
and Magellan Global Trust (ASX: MGG).
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 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?

14 December 2020

Authorised by

Marcia Venegas | Company Secretary

*Units were not disposed, rather acquired resulting in the Magellan Global Fund holding all units in MGG &

MGE

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