Notice of Allotment of Fixed Rate Bonds

24 September 2018 Notice of Allotment of Fixed Rate Bonds The following information is provided in accordance with Listing Rule 7.12.1: Fixed Rate Bonds due 24 September 2025 Issuer Summerset Group Holdings Limited Class of securities Guaranteed, secured, unsubordinated, fixed rate bonds ISIN NZSUMD0020L7 NZX Security code SUM020 Number of SUM020 bonds allotted 125,000,000 Issue price $1.00 per bond Interest Rate 4.20% per annum Payment in cash Yes Any amount paid up (if not in full) Bonds have been fully paid up Principal terms of the securities Guaranteed, secured, unsubordinated, fixed rate debt securities with a maturity date of 24 September 2025 Percentage of total class of SUM020 bonds allotted 100% of the SUM020 bonds Reasons for the allotment Allotment under the Final Term Sheet dated 14 September 2018. The proceeds of the offer will be used to repay a portion of existing drawn bank debt and for general corporate purposes of the Summerset Group. The Offer will provide diversification of funding sources and tenor for the Summerset Group. Specific authority for the allotment Resolution of directors Terms or details of the allotment As set out in the Final Term Sheet dated 14 September 2018 Total number of SUM020 bonds in existence after the allotment 125,000,000 Date of allotment 24 September 2018 For investor relations enquiries: Scott Scoullar Deputy CEO and CFO scott.scoullar@summerset.co.nz 04 894 7320 or 029 894 7317 For media enquiries: Jenny Bridgen Senior Communications Advisor jenny.bridgen@summerset.co.nz 04 830 1106 or 021 408 215 End CA:00324242 For:SUM Type:SECISSUE Time:2018-09-24 08:30:18