Summerset Chair Rob Campbell Announces Retirement

NZX & ASX RELEASE 16 DECEMBER 2020 SUMMERSET CHAIR ROB CAMPBELL ANNOUNCES RETIREMENT Summerset Chair Rob Campbell has confirmed to the Board his retirement from the Board from April 2021. Mr Campbell has been Chair of the Board for 10 years. He oversaw Summerset's listing on the NZX in 2011 and guided the company into one of the NZX's top 20 companies. Under Mr Campbell's leadership, Summerset has grown to be the second largest retirement village operator in New Zealand, with a market capitalisation of $2.5 billion. Assets have increased from $540 million to $3.4 billion over the decade, and resident numbers have gone from 1,700 to over 6,000. The Board expressed its thanks for Mr Campbell's leadership. "We would like to thank Rob for his outstanding leadership. During his time we have invested in memory care centres for people living with dementia, improved our offering for staff, become New Zealand's first carbonzero retirement operator, and more recently, have expanded across the Tasman. His depth of experience and genuine passion for the people at Summerset will be missed." The Board has commenced the search for a new Board member. Once this search is complete, the Board will appoint a director as the new Chair. As Summerset's strategy for growth and operations are well set out, no changes are signalled by this process. ENDS For investor relations enquiries: Scott Scoullar Chief Financial Officer & Deputy CEO scott.scoullar@summerset.co.nz 04 894 7320 or 029 894 7317 For media enquiries: Jenny Bridgen Communications Manager jenny.bridgen@summerset.co.nz 04 830 1106 or 021 408 215 End CA:00365088 For:SUM Type:ADMIN Time:2020-12-16 08:31:05