DRP Strike Price and AUD FX rate for 2019 Interim Dividend

NZX AND ASX RELEASE 4 SEPTEMBER 2019 DIVIDEND REINVESTMENT PLAN STRIKE PRICE AND AUD FX RATE FOR 2019 INTERIM DIVIDEND Summerset Group Holdings Limited advises that the strike price for the dividend reinvestment plan (DRP) operating in respect to the dividend payable on 9 September 2019 has been set at NZ$5.8336 per share. The strike price is inclusive of a 2% discount. This strike price will apply in calculating the number of shares to be issued to participants who have elected to receive additional shares rather than cash. The strike price has been determined in accordance with the terms of the DRP and is calculated as 98% of the volume weighted average sale price on all price-setting trades for the five trading days to 3 September 2019. The company also advises that the foreign exchange rate used for the payment of the dividend on 9 September 2019 to Australian investors in AUD has been set at 0.9426. ENDS For enquiries: Robyn Heyman Company Secretary robyn.heyman@summerset.co.nz 027 506 5562 End CA:00340309 For:SUM Type:OFFER Time:2019-09-04 08:30:08