3Q18 Metrics – Sales of Occupation Rights

NZX & ASX RELEASE 4 OCTOBER 2018 3Q18 METRICS - SALES OF OCCUPATION RIGHTS Summerset Group achieved 148 sales for the quarter ending 30 September 2018, comprising 82 new sales and 66 resales. Summerset CEO Julian Cook said new sales of occupation rights in the year to August are aligned with the delivery of new retirement units over the same period. "Total sales have remained at consistent levels across the year, and we continue to expect higher sales in the final quarter of 2018, with a large proportion of retirement units built this year being delivered in the fourth quarter," Mr Cook said. Summerset is on track to deliver 450 new homes this year," said Mr Cook. Resale volumes continue to benefit from business growth and are up 9% on the same period last year. YTD18 SALES OF OCCUPATION RIGHTS See attached table FY17 SALES OF OCCUPATION RIGHTS See attached table 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: Jenny Bridgen Senior Communications Advisor jenny.bridgen@summerset.co.nz 04 830 1106 or 021 408 215 End CA:00324833 For:SUM Type:MKTUPDTE Time:2018-10-04 08:37:15