Magellan Financial : Becoming a substantial holder from MUFG

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To: Company Name/Scheme:

Magellan Financial Group Limited

ACN/ARSN:

108 437 592

1. Details of substantial holder

Name

Mitsubishi UFJ Financial Group, Inc.

The holder became a substantial holder on:

07/03/2022

onlyThe holder became aware on:

09/03/2022

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or

an associate had a relevant interest in on the date the substantial holder became a substantial holder are as follows:

Class of securities

Number of securities

Person's votes

Voting power (%)

F lly Paid ordinary shares

9,855,948

9,855,948

5.31%

use

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial

holder became a substantial holder are as follows:

Holder of relevant interest

Nature of relevant interest

Class and number of securities

Relevant interest in securities that First Sentier

Investors Holdings Pty Limited has a relevant

Mitsubishi UFJ Financial Group, Inc.

interest in under section 608(3) of the Corporations

Act as Mitsubishi UFJ Financial Group, Inc. has

536,978 Ordinary Shares

voting power of 100% in First Sentier Investors

Holdings Pty Limited.

Relevant interest in securities that First Sentier

Investors Holdings Pty Limited has a relevant

Mitsubishi UFJ Financial Group, Inc.

interest in under section 608(3) of the Corporations

Act as Mitsubishi UFJ Financial Group, Inc. has

6,031 Ordinary Shares

voting power of 100% in First Sentier Investors

Holdings Pty Limited.

personal

Relevant interest in securities that Mitsubishi UFJ

Trust and Banking Corporation has a relevant

Mitsubishi UFJ Financial Group, Inc.

interest in under section 608(3) of the Corporations

Act as Mitsubishi UFJ Financial Group, Inc. has

18,297 Ordinary Shares

voting power of 100% in Mitsubishi UFJ Trust and

Banking Corporation.

Relevant interest in securities that Morgan Stanley

Mitsubishi UFJ Financial Group, Inc.

has a relevant interest in under section 608(3) of

the Corporations Act as Mitsubishi UFJ Financial

5,389,530 Ordinary Shares

For

Group, Inc. has voting power of over 20% in

Morgan Stanley.

Relevant interest in securities that Morgan Stanley

Mitsubishi UFJ Financial Group, Inc.

has a relevant interest in under section 608(3) of

232,416 Ordinary Shares

the Corporations Act as Mitsubishi UFJ Financial

Group, Inc. has voting power of over 20% in

Morgan Stanley.

Relevant interest in securities that Morgan Stanley

Mitsubishi UFJ Financial Group, Inc.

has a relevant interest in under section 608(3) of

the Corporations Act as Mitsubishi UFJ Financial

3,499,893 Ordinary Shares

Group, Inc. has voting power of over 20% in

Morgan Stanley.

Relevant interest in securities that Morgan Stanley

Mitsubishi UFJ Financial Group, Inc.

has a relevant interest in under section 608(3) of

the Corporations Act as Mitsubishi UFJ Financial

11,720 Ordinary Shares

Group, Inc. has voting power of over 20% in

Morgan Stanley.

only

Relevant interest in securities that Morgan Stanley

has a relevant interest in under section 608(3) of

Mitsubishi UFJ Financial Group, Inc.

the Corporations Act as Mitsubishi UFJ Financial

970 Ordinary Shares

Group, Inc. has voting power of over 20% in

Morgan Stanley.

Relevant interest in securities that Morgan Stanley

Mit ubishi UFJ Financial Group, Inc.

has a relevant interest in under section 608(3) of

the Corporations Act as Mitsubishi UFJ Financial

160,113 Ordinary Shares

use

Group, Inc. has voting power of over 20% in

Morgan Stanley.

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant

Registered holder of

Person entitled to be

Class and number of securities

i terest

securities

registered as holder

Mitsubishi UFJ Financial Group, Inc.

Mitsubishi UFJ Trust and Banking

Not applicable

18,297

Ordinary Shares

Corporation.

Mitsubishi UFJ Financial Group, Inc.

Citicorp Nominees Pty Limited

Not applicable

14,576

Ordinary Shares

(Australia)

Mitsubishi UFJ Financial Group, Inc.

Citibank N A Hong Kong

Not applicable

148,627

Ordinary Shares

Mit ubishi UFJ Financial Group, Inc.

Unknown

Not applicable

160,113

Ordinary Shares

Mitsubishi UFJ Financial Group, Inc.

HSBC Custody Nominees

Not applicable

10,896

Ordinary Shares

(Australia) Limited

Mitsubishi UFJ Financial Group, Inc.

HSBC Custody Nominees

Not applicable

5,389,530

Ordinary Shares

(Australia) Limited

Mitsubishi UFJ Financial Group, Inc.

HSBC Custody Nominees

Not applicable

232,416

Ordinary Shares

(Australia) Limited

Mitsubishi UFJ Financial Group, Inc.

JPMORGAN CHASE BANK, N.A.

Not applicable

824

Ordinary Shares

Mitsubishi UFJ Financial Group, Inc.

Morgan Stanley Australia

Not applicable

3,499,893

Ordinary Shares

Securities (Nominee) Pty Limited

personal

Mitsubishi UFJ Financial Group, Inc.

Morgan Stanley Wealth

Not applicable

970

Ordinary Shares

Management Australia Pty

Mitsubishi UFJ Financial Group, Inc.

Citicorp Nominees Pty Limited

Not applicable

244,398

Ordinary Shares

(Australia)

Mitsubishi UFJ Financial Group, Inc.

HSBC Bank Australia Limited

Not applicable

82,295

Ordinary Shares

Mitsubishi UFJ Financial Group, Inc.

Northern Trust Company

Not applicable

613

Ordinary Shares

Mitsubishi UFJ Financial Group, Inc.

State Street Global Services

Not applicable

46,469

Ordinary Shares

Mitsubishi UFJ Financial Group, Inc.

Citibank N A Hong Kong

Not applicable

5,939

Ordinary Shares

For

Mitsubishi UFJ Financial Group, Inc.

Northern Trust Company

Not applicable

92

Ordinary Shares

Holder of relevant

Date of acquisition

Consideration

Class and number of securities

interest

Cash

Non-cash

See annexure B to this notice

Page 2