SPH Notice – Accident Compensation Corporation (ACC)

Disclosure of movement of 1% or more in substantial holding or change in
nature of relevant interest or both
Sections 277 and 278, Financial Markets Conduct Act 2013
To New Zealand Stock Exchange
and
To Michael Hill International Ltd
Relevant event being disclosed: Movement of 1% or more
Date of relevant event: 7 November 2018
Date this disclosure made: 8 November 2018
Date last disclosure made: 19 September 2018
Substantial product holder(s) giving disclosure
Full Name(s): Accident Compensation Corporation (ACC)
Summary of substantial holding
Class of quoted voting products: Ordinary shares (MHJ)
Summary for: Accident Compensation Corporation (ACC)
For this disclosure,—
(a) Total number held in class: 24,690,553
(b) Total in class: 387,438,513
(c) Total percentage held in class: 6.373%
For last disclosure,—
(a) Total number held in class: 20,791,993
(b) Total in class: 387,438,513
(c) Total percentage held in class: 5.367%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure:
From 18 September 2018 to 7 November 2018, ACC had the following aggregated on-market
transactions in Michael Hill International Ltd:
• Purchases of 3,292,434 shares for consideration of NZD $2,510,933
• Purchases of 606,126 shares for consideration of AUD $424,849

Details after relevant event
Details for ACC
Nature of relevant interest(s):
Beneficial owner of securities under §235(1)(b) of the Financial Markets Conduct Act
No relevant agreement document needs to be attached under regulation 139.
For that relevant interest,—
(a) Number held in class: 24,690,553
(b) Percentage held in class: 6.373%
(c) Current registered holder(s): ACC holds 12,357,753 shares via New Zealand Central
Securities Depository Limited (NZCSD) and 12,332,800 shares via JPMorgan Nominees
Australia.

(d) Registered holder(s) once transfers are registered: unknown

For a derivative relevant interest, also—
(a) type of derivative: n/a
(b) details of derivative: n/a
(c) parties to the derivative: n/a
(d) if the substantial product holder is not a party to the derivative, the nature of the relevant
interest in the derivative: n/a
Additional information
Address of substantial product holder(s):
ACC: Justice Centre, 19 Aitken Street, PO Box 242, Wellington, NZ
Contact details: Joshua Meier +64 4 816 6600 investmentscompliance@acc.co.nz
In accordance with the Financial Markets Authority’s Guidance Note: Guidance on Substantial
Product Holder Disclosures issued on 27 September 2017, ACC has not made disclosures for
employees who manage the financial products of which ACC is the beneficial owner.
Name of any other person believed to have given, or believed to be required to give, a
disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to
which this disclosure relates: n/a
Certification
I, Joshua Meier, certify that, to the best of my knowledge and belief, the information contained in
this disclosure is correct and that I am duly authorised to make this disclosure by all persons for
whom it is made.