4Q18 Metrics – Sales of Occupation Rights

NZX & ASX RELEASE 10 JANUARY 2019 4Q18 METRICS - SALES OF OCCUPATION RIGHTS Summerset Group achieved 193 sales for the quarter ending 31 December 2018, comprising 112 new sales and 81 resales. Summerset CEO Julian Cook said he was pleased with sales over the final quarter, and the good levels of sales being achieved across the country. "The fourth quarter of 2018 saw us achieve our highest new sales in the last two years, and was the second highest quarter ever for the Group," Mr Cook said. "The highest level of resales for 2018 was also seen in quarter four, and resales stock remains at consistent levels with prior years, with minimal uncontracted stock available," said Mr Cook. Summerset's 2018 retirement unit build target of 450 new homes was achieved, with 454 retirement units being delivered. 133 of these homes were delivered in December and are expected to be sold in 2019, with this delivery timing driving the variance between retirement unit deliveries and new sales in the 2018 year. FY18 SALES OF OCCUPATION RIGHTS See attached table FY17 SALES OF OCCUPATION RIGHTS See attached table ENDS For investor relations enquiries: Scott Scoullar Deputy CEO & CFO scott.scoullar@summerset.co.nz 04 894 7320 or 029 894 7317 For media enquiries: Jenny Bridgen Communications Manager jenny.bridgen@summerset.co.nz 04 830 1106 or 021 408 215 End CA:00329279 For:SUM Type:MKTUPDTE Time:2019-01-10 08:30:22