Outcome of Summerset Annual Meeting

NZX & ASX RELEASE 30 APRIL 2019 OUTCOME OF SUMMERSET ANNUAL MEETING The following resolutions put to shareholders at the Summerset Group Holdings Limited (Summerset) Annual Meeting this afternoon were passed by shareholders: 1. That the Board is authorised to fix the Auditors' remuneration 2. Having retired, that Anne Urlwin be re-elected as a Director of Summerset 3. Having retired, that Grainne Troute be re-elected as a Director of Summerset 4. That with effect from 1 May 2019, the maximum aggregate amount of remuneration payable by Summerset to Directors (in their capacity as Directors) be increased by $100,000 per annum and any GST payable on these fees, from $650,000 per annum to $750,000 per annum (plus GST, if any) 5. That the amendments to the company's constitution as set out in the Schedule of the Notice of Annual Meeting of Shareholders be approved, with effect from the close of the Annual Meeting of Shareholders The details of vote numbers cast in person or by proxy are listed below: Resolution 1: Votes For 109,501,225 Votes Against 24,872 Abstain 53,994 Total Votes 109,580,091 Resolution 2: Votes For 108,359,464 Votes Against 1,127,009 Abstain 93,618 Total Votes 109,580,091 Resolution 3: Votes For 108,063,406 Votes Against 1,421,497 Abstain 95,188 Total Votes 109,580,091 Resolution 4: Votes For 108,072,518 Votes Against 737,400 Abstain 111,314 Total Votes 108,921,232 Resolution 5: Votes For 109,432,814 Votes Against 57,275 Abstain 90,002 Total Votes 109,580,091 ENDS For investor relations enquiries: Leanne Walker Company Secretary leanne.walker@summerset.co.nz 04 894 7361 or 029 770 8189 End CA:00333846 For:SUM Type:MEETING Time:2019-04-30 15:15:25