4Q19 Metrics – Sales of Occupation Rights

NZX & ASX RELEASE 10 January 2020 4Q19 METRICS - SALES OF OCCUPATION RIGHTS Summerset Group reported 209 sales for the quarter ending 31 December 2019, comprising 116 new sales and 93 resales. Summerset CEO Julian Cook said the results were pleasing with new sales for the quarter being the strongest in three years and the second highest ever for the Group. Mr Cook said the result was boosted by strong sales in Summerset's three newly opened villages in Avonhead (Christchurch), Richmond (Nelson/Tasman) and Kenepuru (Wellington). "We welcomed our first residents to Kenepuru in December, having pre-sold nearly all of the first stage," Mr Cook said. Summerset's 2019 build programme delivered 354 retirement units. The main buildings in both Casebrook and Rototuna are well progressed and due for completion in 2020. "We've seen strong pre-sales of serviced apartments in Casebrook's main building which will open in the first quarter of this year," said Mr Cook. FY19 SALES OF OCCUPATION RIGHTS See attached table. FY18 SALES OF OCCUPATION RIGHTS See attached table. ENDS For investor relations enquiries: Margaret Delany Head of Finance margaret.delany@summerset.co.nz 021 558 262 For media enquiries: Jenny Bridgen Communications Manager jenny.bridgen@summerset.co.nz 021 408 215 End CA:00346930 For:SUM Type:MKTUPDTE Time:2020-01-10 08:30:46