Ann: GENERAL: MHI: Notice Pursuant to Listing Rule 7.12.1

• Release Date: 11/11/14 08:42
• Summary: GENERAL: MHI: Notice Pursuant to Listing Rule 7.12.1
• Price Sensitive: No
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					MHI
11/11/2014 08:42
GENERAL

REL: 0842 HRS Michael Hill International Limited

GENERAL: MHI: Notice Pursuant to Listing Rule 7.12.1

11 November 2014
New Zealand Exchange Limited
Level 2, NZX Centre
11 Cable Street
Wellington 6011
Notice pursuant to Listing Rule 7.12.1
In accordance with Listing Rule 7.12.1, Michael Hill International Limited
(the "Company") advises of the relevant details of the unlisted options to
acquire ordinary shares it has issued today.
Class of security: Unlisted options to acquire ordinary shares in the Company
('Options').
ISIN: N/a
Number of securities issued:  400,000 Options
Nominal value and issue price: There is no nominal value for the Options.
 No consideration is payable for the issue of the Options.
Principal terms of the Securities: The Options have an exercise price of
$1.63 being a price which was 30% above the VWAP market price of the
Company's ordinary shares in the 20 business days following the announcement
on 15 August 2014 of the Company's results for the year to 30 June 2014 to
NZX.
 The Options are exercisable in the period immediately following the
announcement of the Company's annual financial results for the year ending 30
June 2019 through to 30 September 2024.

Whether payment in cash:  N/a
Any amount paid up (if not in full): N/a
Percentage of total class issued: 3.0%
Reason for the issue: The Options were issued to officers of the Company on
certain terms and conditions as a component of their remuneration packages.
Specific authority for the issue: Board resolution pursuant to the Listing
Rules.
Total number of securities of the
class in existence after issue 13,150,000 Options
Date of issue: 11 November  2014

Yours faithfully

W. K. Butler
Company Secretary
End CA:00257472 For:MHI    Type:GENERAL    Time:2014-11-11 08:42:50