4Q17 Metrics – Sales of Occupation Rights

NZX & ASX RELEASE 8 JANUARY 2018 4Q17 METRICS - SALES OF OCCUPATION RIGHTS Summerset Group achieved 204 sales for the quarter ending 31 December 2017, comprising 106 new sales and 98 resales. Achieving over 200 sales in a single quarter is a record for the Group, and brings the full year sales results for 2017 to 682 occupation right sales. Summerset CEO Julian Cook said the company is pleased with the strong sales results achieved over the final quarter of 2017. "The fourth quarter saw the highest new sales quarter of the year, and we also saw high demand for resale units which contributed to the strong result". "We continue to see good demand for our retirement units, and presales and waitlist levels both continue to track positively." FY17 SALES OF OCCUPATION RIGHTS See attached table FY16 SALES OF OCCUPATION RIGHTS See attached table Notes: o Quarterly metrics on occupation right sales are provided by the 10th of the month following the end of each quarter. o The quarterly sales metrics provided may not necessarily reflect NZ IFRS financial performance for the corresponding period. In particular, key items in the income statement, such as the fair value movement of investment property, are dependent on several variables, of which one is occupation right sales. NZ IFRS financial performance is calculated for the periods ending 30 June and 31 December each year. ENDS For investor relations enquiries: Scott Scoullar Chief Financial Officer scott.scoullar@summerset.co.nz 04 894 7320 or 029 894 7317 For media enquiries: Emily Elliott Communications Advisor emily.elliott@summerset.co.nz 04 830 1175 or 027 204 7927 End CA:00312796 For:SUM Type:MKTUPDTE Time:2018-01-08 08:31:04