Summerset Welcomes Stephen Bull to Board

NZX & ASX RELEASE 25 February 2022 SUMMERSET WELCOMES STEPHEN BULL TO BOARD Summerset Group Holdings Limited is pleased to announce the appointment of Stephen Bull to the Board of Directors. Mr Bull, who is based in Australia, is currently a Director of Bridge Housing and sits on the Investment Committees for the MaxCap Industrial Opportunities Fund and the Wingate Direct Property business. He is also a member of the Advisory Board for the Moits Group. Mr Bull has over 25 years' experience in real estate, community creation and finance roles. The last five years of his executive career were as Group Executive and CEO of Stockland's retirement village business where he was responsible for delivering substantial property developments and asset builds. Summerset Chair, Mark Verbiest, welcomed Stephen to the Board saying he brings a wealth of experience. "Stephen's depth of Australian retirement sector experience means he will bring rich insights into Summerset's business. We look forward to him joining us." Stephen has a Bachelor of Psychology (Honours), Bachelor of Commerce and is a Chartered Accountant. He is also a member of the Australian Institute of Company Directors (MAICD). Stephen joins the Board as a non-executive independent director on 1 March 2022. ENDS For investor relations enquiries: Will Wright Chief Financial Officer will.wright@summerset.co.nz 021 490 251 For media enquiries: Louise McDonald Senior Communications & Media Advisor louise.mcdonald@summerset.co.nz 021 246 3793 End CA:00387913 For:SUM Type:ADMIN Time:2022-02-25 08:30:12