ASX:MFG - Change of Director's Interest Notice - Robert Fraser

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	Robert Fraser
Date of last notice	11 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 interests
	Nature of indirect interest	Tracy Fraser (wife)
	(including registered holder)	Fraser Family Trust (trustee and beneficiary)
	Note: Provide details of the circumstances giving rise to the	Fraser Family Superannuation Fund (trustee and
	relevant interest.	beneficiary)
	Date of change	19 November 2020
	No. of securities held prior to change	(ASX: MFG)
		Robert Fraser 13,132 FPO
		Tracy Fraser 380,228 FPO
		Fraser Family Trust 105,860 FPO
		Fraser Family Superannuation Fund 780 FPO
		Total 500,000 FPO
		(ASX: MGG)
		Tracy Fraser 201,546 Units
		(ASX: MHH)
		Robert Fraser 36,869 Units
		Tracy Fraser 73,738 Units
		Fraser Family Trust 73,738 Units
		Fraser Family Superannuation Fund 72,046 Units
		Total 256,391 Units

• 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 Global Trust (ASX: MGG)
Number acquired	4,055 Units in Magellan Global Trust (ASX: MGG)
Number disposed	N/A
Value/Consideration	$1.77930 per Unit in MGG
Note: If consideration is non-cash, provide details and
estimated valuation
No. of securities held after change	(ASX: MFG)
	Robert Fraser 13,132 FPO
	Tracy Fraser 380,228 FPO
	Fraser Family Trust 105,860 FPO
	Fraser Family Superannuation Fund 780 FPO
	Total 500,000 FPO
	(ASX: MGG)
	Tracy Fraser 205,601 Units
	(ASX: MHH)
	Robert Fraser 36,869 Units
	Tracy Fraser 73,738 Units
	Fraser Family Trust 73,738 Units
	Fraser Family Superannuation Fund 72,046 Units
	Total 256,391 Units
Nature of change	Distribution Reinvestment Plan
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
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

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y

Change of Director's Interest Notice

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	N/A
trade to proceed during this period?
If prior written clearance was provided, on what date was	N/A
this provided?

23 November 2020

Authorised by

Marcia Venegas | Company Secretary

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