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	19 January 2021

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 (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Midas Touch Investments Pty Ltd Douglass Employee Share Fund Pty Ltd Douglass Foundation Pty Ltd Hambella Pty Ltd
Date of change	1 March 2021
No. of securities held prior to change	22,212,727 Ordinary Shares (ASX: MFG) 2,312,582.5752 Units in Magellan High Conviction Fund 1,159,371.2571 Units in Magellan High Conviction Fund - Class B 520,484 Units in Magellan Global Equities Fund (Currency Hedged) (ASX: MHG) 101,173.6139 Units in Magellan Infrastructure Fund 14,733,043 Units in Magellan High Conviction Trust (ASX: MHH) 16,080,271 Units in Magellan Global Fund (Closed Class) (ASX: MGF) 3,421,126.0678 Units in Magellan Global Fund (Open Class) (ASX: MGOC)
Class	Magellan Global Fund (Closed Class) (ASX: MGF) MGF Options (expiring 1 March 2024)
Number acquired	1. 4,789,388 Magellan Global Fund (Closed Class) (ASX: MGF) 2. 4,789,388 MGF Options (expiring 1 March 2024) 3. 8,040,134 MGF Options (expiring 1 March 2024)
Number disposed	N/A

+ See chapter 19 for defined terms.

01/01/2011

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Change of Director's Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	1. $1.7383 per Unit in Magellan Global Fund (Closed Class) (ASX: MGF). 2. Nil consideration as the MGF Options were issued pursuant to the Partnership Offer. 3. Nil consideration as the MGF Options were issued pursuant to a bonus issue.
No. of securities held after change	22,212,727 Ordinary Shares (ASX: MFG) 2,312,582.5752 Units in Magellan High Conviction Fund 1,159,371.2571 Units in Magellan High Conviction Fund - Class B 520,484 Units in Magellan Global Equities Fund (Currency Hedged) (ASX: MHG) 101,173.6139 Units in Magellan Infrastructure Fund 14,733,043 Units in Magellan High Conviction Trust (ASX: MHH) 20,869,659 Units in Magellan Global Fund (Closed Class) (ASX: MGF) 12,829,522 MGF Options (expiring 1 March 2024) 3,421,126.0678 Units in Magellan Global Fund (Open Class) (ASX: MGOC)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On 1 March 2021, the MGF Partnership Offer and Bonus Offer were completed, resulting in: a) MGF units purchased under the MGF Partnership Program; b) the issue of 1 MGF Option (expiring 1 March 2024) for each MGF unit purchased under the MGF Partnership Offer; and c) under the Bonus Offer, the issue of 1 MGF Option (expiring 1 March 2024) for every 2 units in MGF held by unitholders as at 26 February 2021.

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 (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

+ See chapter 19 for defined terms.

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01/01/2011

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Change of Director's Interest Notice

Part 3 - +Closed period

Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required?	N/A
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

5 March 2021

Authorised by

Marcia Venegas | Company Secretary

+ See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3