Magellan Financial Group Ltd. announced the appointment of Mr. Andrew Formica as Non-Executive Chairman of the Board, effective from August 18, 2023, and the appointment of Mrs. Deborah Page AM as Non-Executive Director effective on 3 October 2023. Mr. Hamish McLennan will transition to the role of Deputy Chairman and Non-Executive Director, and Mr. Robert Fraser will retire from the Board with effect from August 18, 2023. Mrs. Deborah Page AM will join the Board on 3 October 2023 as a Non-Executive Director, and she will become Chair of the Audit and Risk Committee ("ARC") at this time, with David Dixon to serve as Chair of the ARC in the interim.

Mrs. Page will also join the Board of the Group's main operating subsidiary, Magellan Asset Management Limited.