3Q19 Metrics – Sales of Occupation Rights

NZX & ASX RELEASE 8 OCTOBER 2019 3Q19 METRICS - SALES OF OCCUPATION RIGHTS Summerset Group reported 165 sales for the quarter ending 30 September 2019, comprising 77 new sales and 88 resales. Summerset CEO Julian Cook said total sales were aligned with expectations for the third quarter and resales were performing very well. Mr Cook said new sales maintained the momentum reported in the first half. "We have seen the opening of new villages in Avonhead (Christchurch) and Richmond (Nelson/Tasman) this quarter. There are strong presales for our new village in Kenepuru (Wellington) and we look forward to welcoming residents there in the fourth quarter." "The demand for Summerset's retirement living remains at good levels across the country and village occupancy in completed villages remains high," 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 CFO & Deputy CEO scott.scoullar@summerset.co.nz 029 894 7317 For media enquiries: Jenny Bridgen Communications Manager jenny.bridgen@summerset.co.nz 021 408 215 End CA:00342256 For:SUM Type:MKTUPDTE Time:2019-10-08 08:30:44