I would impressed if anyone actually knows what this release means precisely. Good old NZX wondering why the retail investors stay away from the market yet they insist on allowing messages to the market to be in cryptic mumbo jumbo language. I cannot think why other than nobody can be bothered in redesigning the forms to make them useful!



MHI
21/02/2011 08:30
RELINT

REL: 0830 HRS Michael Hill International Limited

RELINT: MHI: Ongoing Disclosure Notice (Leslie Wayne Peters)

DISCLOSURE NOTICE

Disclosure of Directors and Officers Relevant Interests
(Section 19T, Securities Markets Act 1988)

A. Disclosure obligation (tick box to note which disclosure
obligation applies)
Initial disclosure (complete Parts A, B, C, D, F, and G of this notice)
Ongoing disclosure (complete Parts A, B, C, E, F and G of this notice) X

B. Preliminary
1. Name Leslie Wayne Peters
2. NZX company code of issuer MHI
Name of issuer Michael Hill International
3. Name of related body corporate (if applicable) N/A
4. Position you hold in the issuer Director
5. Date of this disclosure notice 18/02/2011

C. Nature of relevant interest
6. Name of registered holder(s) of security (as required by regulation
6A(b) or regulation 7(b)) Funds under management
7. Class and type of security (as required by regulation 6B or regulation 8)

Ordinary Shares
8. Nature of relevant interest in security (as required by regulation 6A (a)

or regulation 7(a)) Non-Beneficial

D. Date (for initial disclosure)
9. Date of disclosure obligation (as required by regulation 6C) N/A

E. Transaction (for ongoing disclosure)
10. Date of last disclosure (as required by regulation 13) 24/02/2010
11. Date(s) of acquisition(s) or disposal(s) (as required by regulation 9)
18/02/2011
12. Number of transactions (as required by regulation 12(2), if applicable)
1
13. Nature or type of transaction (as required by regulation 11(1)(a))
Termination of management
of client account.
Control and voting rights over
shares relinquished.
14. Consideration (as required by regulation 10) N/A
15. Number of securities held prior, set out by class and type (as required
by regulation 8) 46,618,500
16. Number of securities subject to acquisition or disposal (as required by
regulation 11(1)(b)) 644,000

F. Extent of relevant interest
17. Number of securities held now, set out by class and type (as required
by regulation 6B or regulation 8) 45,974,500
End CA:00205814 For:MHI Type:RELINT Time:2011-02-21 08:30:13