Summerset Considers Retail Bond Offer

NZX & ASX RELEASE 20 February 2024 SUMMERSET CONSIDERS RETAIL BOND OFFER Summerset Group Holdings Limited (Summerset) is considering making an offer of up to NZ$75 million (with the ability to accept up to an additional NZ$50 million of oversubscriptions at Summerset's discretion) of six year, fixed rate bonds to New Zealand investors. The bonds will be unsubordinated obligations of Summerset, and will have the benefit of a guarantee and security package provided by the Summerset guaranteeing group. It is expected that full details of the offer will be released in the week beginning 26 February 2024, when the offer is scheduled to open. Summerset has appointed Commonwealth Bank of Australia (CBA) as Arranger, and CBA, Craigs Investment Partners Limited, Forsyth Barr Limited and Jarden Securities Limited as the Joint Lead Managers in relation to the proposed offer. Investors can register their interest in the proposed offer by contacting a Joint Lead Manager detailed below, or their usual financial adviser. Indications of interest will not constitute an obligation or commitment of any kind to acquire the bonds. No money is currently being sought and applications for the bonds cannot currently be made. If Summerset offers the bonds, the offer will be made in accordance with the Financial Markets Conduct Act 2013 as an offer of debt securities of the same class as existing quoted debt securities. The bonds are expected to be quoted on the NZX Debt Market under the ticker SUM050. Joint Lead Managers CBA 0800 272 266 Craigs Investment Partners 0800 226 263 Forsyth Barr 0800 367 227 Jarden 0800 005 678 For investor relations enquiries: Will Wright Chief Financial Officer will.wright@summerset.co.nz +64 21 490 251 For media enquiries: Louise McDonald Senior Communications & Media Advisor louise.mcdonald@summerset.co.nz +64 21 246 3793 End CA:00426447 For:SUM Type:OFFER Time:2024-02-20 08:30:20