Change in Substantial Holding

Form 604
Corporations Act 2001
Section 671B
Notice of change of interests of substantial holder
T
o Company Name/Scheme
MICHAEL HILL INTERNATIONAL Ltd
ACN/ARSN
610 937 598
1.D
etails of substantial holder (1)
Name
Spheria Asset Management Pty Ltd
ACN/ARSN (if applicable)
611 081 326
There was a change in the interests of the
substantial holder on
21/06/2024
The previous notice was given to the company on
02/05/2023
The previous notice was dated
02/05/2023
2
.
P
revious and present 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 (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the
company or scheme, are as follows:
Class of securities (4) Previous notice Present notice
Person’s votes Voting power (5) Person’s votes Voting power (5)
ORDINARY FULLY PAID 44,034,477 11.60% 48,465,930 12.60%
REFER TO
ANNEXURE A
3.Changes in relevant interests
P
articulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of
the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are
as follows:
Date of
change
Person whose
relevant interest
changed
Nature of change (6) Consideration given in
relation to change (7)
Class and number
of securities
affected
Person's votes
affected
REFER TO
ANNEXURE
B
4.Present relevant interests
Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:
Holder of
relevant
interest
Registered holder
of securities
Person entitled to be
registered as holder
(8)
Nature of relevant
interest (6)
Class and number
of securities
Person's votes
REFER TO
ANNEXURE
C

5.Changes in association
The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the
substantial holder in relation to voting interests in the company or scheme are as follows:
Name and ACN/ARSN (if applicable) Nature of association
N/A
6.Addresses
T
he addresses of persons named in this form are as follows:
Name Address
REFER TO ANNEXURE D
Signature
print name
MATTHEW BOOKER
capacity
DIRECTOR
sign here
date
26/06/2024
DIRECTIONS
(1)If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the
manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of
persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group,
with the names and addresses of members is clearly set out in paragraph 6 of the form.
(2)See the definition of "associate" in section 9 of the Corporations Act 2001.
(3)See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
(4)The voting shares of a company constitute one class unless divided into separate classes.
(5)The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
(6)Include details of:
(a)any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4)
applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and
ac
curate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this
contract, scheme or arrangement; and
(b)any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or
disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification
applies).
See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.
(7)
Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired
has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the
happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relati
on
t
o the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.
(8)If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write
"unknown".
(9)Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

MICHAEL HILL INTERNATIONAL LTD
Annexure A
Holder of relevant interestNature of relevant interestNumber of
securities
Class of securities
Spheria Asset Management Pty LtdSpheria Asset Management Pty Ltd in its capacity as
investment manager has the power to control voting and/or
disposal of securities.
48,465,930ORDINARY FULLY
PAID
This is Annexure "A" as mentioned in form 604 Notice of change of interests of substantial holder
Matthew Booker
Director
Date: 26/06/2024

MICHAEL HILL INTERNATIONAL LTD
Annexure B
Date of
change
Person whose relevant
interest changed
Nature of
change
Class of Securities Number of
securities
Person's votes
affected
CashNon-cash
16/05/2023Spheria Asset
Management
Sale204,445.72-$ ORDINARY FULLY PAID 204,876- 204,876
-
23/05/2023As aboveSale30,645.65-$ ORDINARY FULLY PAID 30,111
- 30,111-
24/05/2023As aboveSale277,959.12-$ ORDINARY FULLY PAID 277,987- 277,987
-
08/06/2023As abovePurchase107,689.18$
ORDINARY FULLY PAID 122,691 122,691
09/06/2023As abovePurchase231,634.75$ ORDINARY FULLY PAID 267,198
267,198
29/06/2023As abovePurchase225,524.96$ ORDINARY FULLY PAID 250,061 250,061

21/07/2023As abovePurchase270,821.70$ ORDINARY FULLY PAID 295,980
295,980
21/07/2023As aboveSale270,821.70-$ ORDINARY FULLY PAID 295,980
- 295,980-
16/08/2023As abovePurchase403,743.48$ ORDINARY FULLY PAID 439,508 439,508

16/08/2023As aboveSale403,743.48-$ ORDINARY FULLY PAID 439,508
- 439,508-
05/09/2023As abovePurchase1,049,149.17$ ORDINARY FULLY PAID 1,101,136 1,101,136
05/09/2023As aboveSale1,049,149.17-$ ORDINARY FULLY PAID 1,101,136- 1,101,136
-
15/09/2023As abovePurchase1,309,499.25$ ORDINARY FULLY PAID 1,479,493
1,479,493
15/09/2023As aboveSale1,309,499.25-$ ORDINARY FULLY PAID 1,479,493- 1,479,493-
09/10/2023As abovePurchase168,143.11$ ORDINARY FULLY PAID 192,056 192,056

09/10/2023As aboveSale168,143.11-$ ORDINARY FULLY PAID 192,056- 192,056-
10/10/2023As abovePurchase179,193.52$ ORDINARY FULLY PAID 204,656 204,656
10/10/2023As aboveSale179,193.52-$ ORDINARY FULLY PAID 204,656
- 204,656-
19/12/2023As abovePurchase239,342.73$ ORDINARY FULLY PAID 279,896 279,896
20/12/2023As abovePurchase53,336.26$ ORDINARY FULLY PAID 60,000 60,000
21/12/2023As abovePurchase33,822.34$ ORDINARY FULLY PAID 37,886 37,886
22/12/2023As abovePurchase5,492.37$ ORDINARY FULLY PAID 5,842 5,842
27/12/2023As abovePurchase88,860.16$ ORDINARY FULLY PAID 96,272 96,272
26/02/2024As abovePurchase1,569,951.20$ ORDINARY FULLY PAID 2,116,693 2,116,693
26/02/2024As aboveSale1,569,951.20-$ ORDINARY FULLY PAID 2,116,693- 2,116,693-
27/02/2024As abovePurchase1,667,039.34$ ORDINARY FULLY PAID 2,376,257 2,376,257
29/02/2024As abovePurchase25,980.76$ ORDINARY FULLY PAID 38,763 38,763
01/03/2024As abovePurchase204,253.01$ ORDINARY FULLY PAID 297,960 297,960
Consideration

05/03/2024As abovePurchase85,608.38$
ORDINARY FULLY PAID 125,000 125,000
06/03/2024As abovePurchase43,906.68$ ORDINARY FULLY PAID 65,081 65,081
06/06/2024As abovePurchase347,512.70$ ORDINARY FULLY PAID 850,000 850,000
14/06/2024As abovePurchase3,522.38$ ORDINARY FULLY PAID 8,001
8,001
17/06/2024As abovePurchase4,727.61$ ORDINARY FULLY PAID 10,618 10,618
18/06/2024As abovePurchase5,472.75$ ORDINARY FULLY PAID 12,155 12,155

19/06/2024As abovePurchase4,270.27$ ORDINARY FULLY PAID 9,419
9,419
21/06/2024As abovePurchase14,249.02$ ORDINARY FULLY PAID 31,327 31,327
This is Annexure "B" as mentioned in form 604 Notice of change of interests of substantial holder
Matthew Booker
Director
Date: 26/06/2024

MICHAEL HILL INTERNATIONAL LTD
Annexure C
Holder of relevant interestRegistered holder of securitiesPerson entitled to be
registered as holder
Number of
securities
Class of
securities
Person's votes
Spheria Asset ManagementBNP Paribas Nominees Pty LtdBNP Paribas Nominees Pty
Ltd
5,686,204 Ordinary fully paid5,686,204
Spheria Asset ManagementCiticorp Nominees Pty LtdCiticorp Nominees Pty Ltd25,921,484 Ordinary fully paid25,921,484
Spheria Asset ManagementJ P Morgan Nominees Australia Pty
Limited
J P Morgan Nominees
Australia Pty Limited
7,030,432 Ordinary fully paid7,030,432
Spheria Asset ManagementNorthern TrustNorthern Trust9,827,810 Ordinary fully paid9,827,810
This is Annexure "C" of 1 page as mentioned in form 604 Notice of change of interests of substantial holder
`
Matthew Booker
Director
Date: 26/06/2024

MICHAEL HILL INTERNATIONAL LTD
Annexure D
NameAddress
Spheria Asset Management Pty LtdLevel 19, 307 Queen St, Brisbane QLD 4000, Australia
This is Annexure "D" as mentioned in form 604 Notice of change of interests of substantial holder
Matthew Booker
Director
Date: 26/06/2024