Notice of Allotment of Securities

Section 1: Issuer information Name of issuer Summerset Group Holdings Limited NZX ticker code SUM Class of financial product Ordinary Shares ISIN (If unknown, check on NZX website) NZSUME0001S0 Currency NZD Section 2: Capital change details Number issued 148,400 Ordinary Shares Nominal value (if any) N/A Issue price per security $5.6938 (being the volume weighted average price of Shares on the NZX Main Board over the 5 trading days prior to 22 July 2019) Nature of the payment (for example, cash or other consideration) Pursuant to the terms of the Employee Share Purchase Scheme, the issue price will be funded by Summerset Group Holdings Limited Amount paid up (if not in full) Fully paid Percentage of total class of Financial Products issued (calculated on the number of Financial Products of the Class, excluding any Treasury Stock, in existence) 0.07% 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 issue and specific authority for issue (the reason for change must be identified here) Issue of Shares pursuant to Summerset's Employee Share Purchase Scheme; Director's resolution dated 17 June 2019 Total number of Financial Products of the Class after the issue (excluding Treasury Stock) and the total number of Financial Products of the Class held as Treasury Stock after the issue. 225,899,658 Ordinary Shares (nil held as treasury stock) In the case of an acquisition of shares, whether those shares are to be held as treasury stock N/A Specific authority for the issue including a reference to the rule pursuant to which the issue is made Directors' resolution dated 17 June 2019, permitted under listing rule 4.6.1 Terms or details of the issue (for example: restrictions, escrow arrangements) Issue of 148,400 Shares pursuant to the terms of the Summerset's Employee Share Purchase Scheme Date of issue 22/07/2019 Section 3: Authority for this announcement and contact person Name of person authorised to make this announcement Leanne Walker Contact phone number 04 894 7361 or 029 770 8189 Contact email address leanne.walker@summerset.co.nz Date of release through MAP 22/07/2019 End CA:00337909 For:SUM Type:SECISSUE Time:2019-07-22 08:47:54