1Q19 Metrics – Sales of Occupation Rights

NZX & ASX RELEASE 5 APRIL 2019 1Q19 METRICS - SALES OF OCCUPATION RIGHTS Summerset Group achieved 137 sales for the quarter ending 31 March 2019, comprising 71 new sales and 66 resales. Summerset CEO Julian Cook said that sales are consistent with levels seen in the first quarter of 2018 and are tracking well despite flat property markets in Auckland and Christchurch. "We are seeing some increased settlement times due to the slowing property market in Auckland and Christchurch, however we continue to see good interest in our villages. "We continue to have low levels of homes for resale available, with 40 uncontracted homes at 31 March compared to 53 at the end of 2018," said Mr Cook. YTD19 SALES OF OCCUPATION RIGHTS See attached table FY18 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:00332995 For:SUM Type:MKTUPDTE Time:2019-04-05 08:31:42