Acquisition and Cancellation of Shares

Section 1: issuer information Name of issuer Summerset Group Holdings Limited NZX ticker code SUM Class of Financial Product Ordinary Shares ISIN NZSUME0001S0 Section 2: capital change details Number acquired 531,108 Ordinary Shares Nominal value (if any) N/A Acquisition price NZ$1,826,477.68 Nature of the payment (for example, cash or other consideration) Cash Amount paid up (if not in full) Fully Paid Percentage of total class of Financial Products acquired (calculated on the number of Financial Products of the Class, excluding any Treasury Stock, in existence) 0.2% (pre-acquisition) For an issue of Convertible Financial Products or Options, the principal terms of Conversion (for example the Conversion price and Conversion date and the ranking of the Financial Product in relation to other Classes of Financial Product) or the Option (for example, the exercise price and exercise date) N/A Reason for acquisition and specific authority for acquisition (the reason for change must be identified here) Shares acquired pursuant to a share buyback of forfeited plan shares in relation to Summerset Group Holdings Limited's employee share plans. Total number of Financial Products of the Class after the acquisition (excluding Treasury Stock) and the total number of Financial Products of the Class held as Treasury Stock after the acquisition. 225,751,258 Ordinary Shares In the case of an acquisition of shares, whether those shares are to be held as treasury stock Shares will be cancelled on acquisition and will not be held as treasury stock. Specific authority for the acquisition, including a reference to the rule pursuant to which the acquisition is made Directors' resolution dated 21 March 2019, permitted under listing rule 4.14.1(b)(ii). Terms or details of the acquisition (for example: restrictions, escrow arrangements) As set out in the disclosure document dated 21 March 2019. Date of acquisition 5 April 2019 Section 3: authority for this announcement Name of person authorised to make this announcement Leanne Walker, Company Secretary Contact phone number 04 894 7361 or 029 770 8189 Contact email address leanne.walker@summerset.co.nz Date of release via MAP 5 April 2019 End CA:00332998 For:SUM Type:CORPACT Time:2019-04-05 08:37:59