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

ABN

Magellan Financial Group Limited 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	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.	Tracy Fraser (wife) Fraser Family Trust (trustee and beneficiary) Fraser Family Superannuation Fund (trustee and beneficiary)
Date of change	1 March 2021
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: MGF) Tracy Fraser 205,601 Units (ASX: MHH) Robert Fraser 37,440 Units Tracy Fraser 74,881 Units Fraser Family Trust 74,880 Units Fraser Family Superannuation Fund 73,162 Units Total 260,363 Units

+ See chapter 19 for defined terms.

01/01/2011

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Appendix 3Y

Change of Director's Interest Notice

Class	Units in Magellan Global Fund (Closed Class) (ASX: MGF) MGF Options (expiring 1 March 2024)
Number acquired	1. 55,292 Units in Magellan Global Fund (Closed Class) (ASX: MGF) 2. 55,292 MGF Options (expiring 1 March 2024) 3. 102,800 MGF Options (expiring 1 March 2024)
Number disposed	N/A
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	(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: MGF) Tracy Fraser 260,893 Units MGF Options expiring 1 March 2024 Tracy Fraser 158,092 Options (ASX: MHH) Robert Fraser 37,440 Units Tracy Fraser 74,881 Units Fraser Family Trust 74,880 Units Fraser Family Superannuation Fund 73,162 Units Total 260,363 Units
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.

+ See chapter 19 for defined terms.

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01/01/2011

Appendix 3Y

Change of Director's Interest Notice

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

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

4 March 2021

Authorised by

Marcia Venegas | Company Secretary

+ See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3