The magnesium triphenylsilyl complex [(MeTACD)Mg(SiPh)] (2) was synthesized from magnesium bis(triphenylsilyl) [Mg(SiPh)(THF)]·THF (1; THF = tetrahydrofuran) and the NNNN-type macrocyclic amidotriamine proligand (MeTACD)H ((MeTACD)H = Me[12]aneN = 1,4,7-trimethyl-1,4,7,10-tetraazacyclododecane). Treating 2 with AlR (R = Me, Et) gave the magnesium triphenylsilyl complexes with "blocked" amido function [(MeTACD·AlR)Mg(SiPh)] (3a: R = Me; 3b: R = Et). Instead of forming a Mg-H bond upon reaction with dihydrogen or hydrosilanes, 2 and 3a,b underwent rapid silyl-silane exchange with hydrosilanes. Treating the ethyl complex [(MeTACD·AlEt)MgEt] with HSiPh gave [(MeTACD·AlEt)MgH] (4), albeit not in a reproducible manner. The silyl-hydrosilane exchange allows access to other magnesium silyls of the type [(MeTACD)Mg(SiR')] (5a: SiR' = SiHPh; 5b: SiR' = SiHPh) and [(MeTACD·AlR)Mg(SiR')] (6a: SiR' = SiHPh, R = Me; 6b: SiR' = SiHPh, R = Et; 7a: SiR' = SiHPh, R = Me; 7b: SiR' = SiHPh, R = Et). The reaction of 2 with HSiMePh in THF at room temperature resulted in an equilibrium (K ≈ 1). Protonolysis of 2 with Brønsted acids (HX) 2,5-di-tert-butylphenol, phenylacetylene, acetophenone, aniline, and triethylammonium chloride each gave a compound [(MeTACD)Mg(X)] with the conjugated base coordinated at the magnesium along with HSiPh. The magnesium silyls 1, 2, and 7b as well as the magnesium hydride 4 contain a distorted square-pyramidal magnesium center according to single-crystal X-ray diffraction.