Debt Facility Update

ASX AND NZX ANNOUNCEMENT


Debt Facility Update
19 December 2025
Michael Hill International Limited (ASX/NZX: MHJ) (“MHJ” or “the Company”) is pleased to announce the successful
refinancing of its debt facility on improved margins for an additional two years to 31 August 2028. The refinancing is
subject to customary conditions precedent.
The Company’s facility is funded by its long-term banking partner, Australia and New Zealand Banking Group Limited
and ANZ Bank New Zealand Limited (ANZ) and introduces a new lender, Commonwealth Bank of Australia Limited (CBA).
The existing facility limits continue, with the $90m core facility and the $20m seasonal uplift for four months from 15
September each year. Each subsidiary of the Company guarantees the Company’s obligations under the facility.
The facility also contains terms that are typical for a transaction of this nature including conditions for repayment,
financial covenants, guarantee provisions, representations and warranties made by the borrowers, information
undertakings, cancellation and termination of the facility and events of default.


This announcement is authorised for release by the Board.


ENDS





For more information, please contact:


Investors:
Andrew Lowe
CFO
+61 478 301 320
andrew.lowe@michaelhill.com.au


Investors:
Anthea Noble
General Manager - Investor Relations & Treasury
+61 438 770 704
anthea.noble@michaelhill.com.au







ABOUT MICHAEL HILL INTERNATIONAL LIMITED

Michael Hill was founded by Sir Michael Hill in 1979 when he opened his first jewellery store in Whangarei, New Zealand.
The Group currently has 285 stores globally across Australia, New Zealand, and Canada. The Group’s global
headquarters, including its wholesale and manufacturing divisions, are located in Brisbane, Australia. The Company is
listed on the ASX (ASX:MHJ) and the NZX (NZX:MHJ).

www.investor.michaelhill.com



Michael Hill International Limited ABN 25 610 937 598
34 Southgate Avenue, Cannon Hill, QLD 4170