Magellan Asset Management Limited estimated distribution for the period ending June 30, 2018. The estimated distribution is 5.00 cents per unit and may be subject to change depending on variables that include the number of units on issue at the Record Date and foreign currency movements between the date of this announcement and 29 June 2018. Ex-distribution date on June 28, 2018. Record date on June 29, 2018. DRP Election Date on June 29, 2018 and payment Date on July 30, 2018.