ASX:MFG - Change of Director's Interest Notice - Paul Lewis

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	Paul Lewis
Date of last notice	7 January 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	Indirect
Nature of indirect interest	PAJ Lewis Superannuation Fund Pty Ltd
(including registered holder)	PAJ Lewis Pty Limited
Note: Provide details of the circumstances giving rise to the relevant	Melissa Lewis Foundation
interest.
Date of change	1.	16 January 2020
	2.	15 January 2020
	3.	16 January 2020
No. of securities held prior to change	1,500,000 Ordinary Shares (ASX: MFG)
	581,324.3092 Units in Magellan Global Fund
	441,834.9460 Units in Magellan Infrastructure Fund
	106,110 Units in (ASX: MGG)
	1,433,335 Units in (ASX: MHH)
Class	1.	Units in Magellan Global Trust (ASX: MGG)
	2.	Units in Magellan High Conviction Trust (ASX:
		MHH)
	3.	Units in Magellan High Conviction Trust (ASX:
		MHH)
Number acquired	1.	1,361 Units (MGG DRP)
	2.	42,499 Units (MHH Loyalty and Foundation)
	3.	9,696 Units (MHH DRP)
Number disposed	Nil

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

Appendix 3Y

Change of Director's Interest Notice

Value/Consideration	1.	$1.85050 per Unit in MGG
Note: If consideration is non-cash, provide details and estimated	2.	Nil per Unit	in MHH (NAV on 14/01/20	was
valuation		$1.6765)
	3.	$1.54700 per Unit in MHH
No. of securities held after change	1,500,000 Ordinary Shares (ASX: MFG)
	581,324.3092 Units in Magellan Global Fund
	441,834.9460 Units in Magellan Infrastructure Fund
	107,471 Units in (ASX: MGG)
	1,485,530 Units in (ASX: MHH)
Nature of change	1.	MGG Dividend Reinvestment Plan	Units
Example: on-market trade, off-market trade, exercise of options,	2.	MHH Issue	of Loyalty and Foundation
issue of securities under dividend reinvestment plan, participation in		pursuant to the Priority and Wholesale Offer. Refer
buy-back
		MHH PDS lodged with ASX 9/10/2019.
	3.	MHH Dividend Reinvestment Plan

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?

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y

Change of Director's Interest Notice

If so, was prior written clearance provided to allow the trade	N/A
to proceed during this period?
If prior written clearance was provided, on what date was this	N/A
provided?
17 January 2020
Authorised by
Marcia Venegas | Company Secretary

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