SPH Notice – Accident Compensation Corporation

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 Australian Stock Exchange (ASX) & New Zealand Stock Exchange (NZX)
and
To Michael Hill International Ltd
Relevant event being disclosed: Movement of 1% or more
Date of relevant event: 12 January 2021
Date this disclosure made: 13 January 2021
Date last disclosure made: 2 April 2020
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 AU & MHJ NZ)
Summary for: Accident Compensation Corporation (ACC)
For this disclosure,—
(a) Total number held in class: 24,675,604
(b) Total in class: 387,980,688
(c) Total percentage held in class: 6.360%
For last disclosure,—
(a) Total number held in class: 28,717,313
(b) Total in class: 387,775,117
(c) Total percentage held in class: 7.406%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure:
From 2 April 2020 to 12 January 2021, ACC had the following aggregated on-market
transactions in Michael Hill International Ltd:
• Purchases of 395,895 shares for consideration of NZD $221,701.20
• Sales of 4,437,604 shares for consideration of NZD $2,671,910.59

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: 24,675,604
(b) Percentage held in class: 6.360%
(c) Current registered holder(s): ACC via New Zealand Central Securities Depository Limited
(NZCSD)

(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: Hannah Keane +64 4 816 6146 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, Hannah Keane, 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.