Change in substantial holding

9829632.1 1
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: 2 September 2021
Date this disclosure made: 3 September 2021
Date last disclosure made: 13 October 2016
Substantial product holder(s) giving disclosure
Full name(s): Mole Hill Limited (MHL) and Mark Simon Hill (MSH)
Summary of substantial holding
Class of quoted voting products: Ordinary shares (MHJ ASX and MHJ NZX)
Summary for MHL:
For this disclosure,—
(a) total number held in class: 15,157,302
(b) total in class: 388,142,149
(c) total percentage held in class: 3.9%
For last disclosure,—
(a) total number held in class: 19,156,926
(b) total in class: 383,138,513
(c) total percentage held in class: 5%
Summary for MSH:
For this disclosure,—
(a) total number held in class: 163,487,902
(b) total in class: 388,142,149
(c) total percentage held in class: 42.12%
For last disclosure,—
(a) total number held in class: 167,487,526

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(b) total in class: 383,138,513
(c) total percentage held in class: 43.71%
Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure:
From 5/03/2021 to 20/04/2021 MHL had the following aggregated on-market
transactions in Michael Hill International Ltd:
• Sales of 1,250,000 shares for NZ $1,112,500.00
• Sales of 1974,254 shares for AU $1,283,864.54
From 26/08/2021 to 02/09/2021 MH had the following aggregated on-market
transactions in Michael Hill International Ltd:
• Sales of 775,370 shares for NZD $676,451.55
Details after relevant event
Details for MHL
Nature of relevant interest(s):
Registered holder and beneficial owner of securities. No relevant agreement document
needs to be attached under regulation 139.
For that relevant interest,—
(a) number held in class: 15,157,302
(b) percentage held in class: 3.9%
(c) current registered holder(s): Mole Hill Limited
(d) registered holder(s) once transfers are registered: unknown
Details for MSH
Nature of relevant interest(s):
Beneficial owner of securities. No relevant agreement document needs to be attached
under regulation 139.
For that relevant interest,—
(a) number held in class: 163,487,902
(b) percentage held in class: 42.12%
(c) current registered holder(s): Mole Hill Limited and Hoglett Hamlet Limited

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(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:
Additional information
Address(es) of substantial product holder(s):
Mole Hill Limited
Lane Neave Lawyers
141 Cambridge Terrace
Christchurch 8013
Mark Hill
368 Arrowtown-Lake Hayes Road
Arrowtown 9371
Contact details: Mark Hill, mark@thehills.co.nz, +64 212389888
*Nature of connection between substantial product holders: Mole Hill Limited, Hoglett
Hamlet Limited and Mark Simon Hill. Mark Hill is a beneficial owner of Mole Hill Limited and
Hoglett Hamlet Limited.
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, Mark Simon Hill, 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.