ASX:MFG - Change of Director's Interest Notice - Brett Cairns

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	Brett Peter Cairns
Date of last notice	14 November 2019

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
	Nature of indirect interest	Euclid Pty Limited
	(including registered holder)
	Note: Provide details of the circumstances giving rise to the relevant
	interest.
	Date of change	1.	16	January 2020
		2.	15	January 2020
		3.	16	January 2020
	No. of securities held prior to change	1,137,615 Ordinary Shares (ASX: MFG)
		86,277	Units in Magellan Global Trust (ASX: MGG)
		43,718	Units in (ASX: MGE)
		10,881	Units in (ASX: MHG)
		166,670 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.	1,539 MGG DRP Units
		2.	12,500 MHH Loyalty Units
		3.	2,424 MHH DRP Units
	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 $1.6765
valuation	3.	$1.54700 per Unit in MHH
No. of securities held after change	1,137,615 Ordinary Shares (ASX: MFG)
	87,816 Units in Magellan Global Trust (ASX: MGG)
	43,718 Units in (ASX: MGE)
	10,881 Units in (ASX: MHG)
	181,594 Units in (ASX: MHH)
Nature of change	1.	Dividend Reinvestment Plan
Example: on-market trade, off-market trade, exercise of options,	2.	Issue of Loyalty Units pursuant to the Priority Offer
issue of securities under dividend reinvestment plan, participation in		for MHH. Refer MHH PDS lodged with ASX
buy-back
		9/10/2019.
	3.	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