Michael Hill International Ltd (“MHJ”) – NTA Figure

Memorandum To: Market Participants From: NZX Product Operations Date: Tuesday, 24 August 2021 Subject: Michael Hill International Limited ("MHJ") - Net Tangible Asset Figure Message: NZX Operations ("NZXO") advises that the Net Tangible Asset Figure (NTA) per share for Michael Hill International Limited has changed from AUD $0.4221 to AUD $0.14. Previous NTA figures have been calculated including the Group's right-of-use assets relating to leases under AASB16 Leases. Going forward the right-of-use assets relating to leases under AASB16 Leases will be excluded from the NTA figure. Please contact NZX Product Operations on +64 4 496 2853 or productoperations@nzx.com with any queries. ENDS End CA:00377774 For:MHJ Type:MEMO Time:2021-08-24 08:31:11