Outcome of Summerset Annual Meeting

NZX & ASX RELEASE 29 APRIL 2020 RESULTS OF SUMMERSET GROUP HOLDINGS LIMITED ANNUAL SHAREHOLDER MEETING At Summerset Group Holdings Limited's shareholder meeting, held online today, shareholders were asked to vote on 5 resolutions, which were supported by the Board. As required by NZX Listing Rule 6.1, all voting was conducted by a poll. The resolutions passed by shareholders were: 1. That the Board is authorised to fix the auditors' remuneration. 2. Having retired, that Rob Campbell be re-elected as a Director of Summerset. 3. Having retired, that Andrew Wong be re-elected as a Director of Summerset. 4. Having been appointed during the year by the Board and holding office only until the Annual Meeting, that Venasio-Lorenzo Crawley be re-elected as a Director of Summerset. 5. That the maximum aggregate amount of remuneration payable by Summerset to Directors (in their capacity as Directors) be increased by $72,000 per annum and any GST payable on these fees, from $768,000 per annum to $840,000 per annum (plus GST, if any). Details of the total number of votes cast in person or by a proxy holder are: (See attached table). ENDS End CA:00352322 For:SUM Type:MEETING Time:2020-04-29 16:13:19