Summerset Bond Offer – Interest Rate Set

NZX & ASX RELEASE 2 March 2023 SUMMERSET SETS INTEREST RATE FOR ITS RETAIL BOND OFFER Summerset Group Holdings Limited (Summerset) today announced that it has set the Interest Rate for its NZ$175 million six year fixed rate bond offer. The Interest Rate for the bonds has been set at 6.59% per annum, being the Issue Margin of 1.85% per annum plus the Base Rate of 4.74% per annum. The bonds will be issued on 9 March 2023 and will mature on 9 March 2029. The bonds are expected to be quoted on the NZX Debt Market under the ticker code SUM040. The full details of the offer will be contained in the Final Terms Sheet which will be released via NZX. For further information please contact: Joint Lead Managers ANZ Craigs Investment Partners Forsyth Barr Jarden Co-Manager Hobson Wealth Partners 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 Advisor louise.mcdonald@summerset.co.nz 021 246 3793 End CA:00407706 For:SUM Type:OFFER Time:2023-03-02 14:19:20