Magellan Global Equities Fund estimates distribution for the year ending June 30, 2016. For the period, the estimated distribution is 5.0 cents per unit and may be subject to change depending on variables that include, but are not limited to, the number of units on issue at the Record Date and foreign currency movements between the date of this announcement and 30 June 2016. The payment date is July 29, 2016. Ex-distribution date is June 29, 2016. Record date is June 30, 2016.