Notice of Allotment of Fixed Rate Bonds

Summerset Group Holdings Limited
Level 27 Majestic Centre, 100 Willis St, Wellington
PO Box 5187, Wellington 6140
Phone: 04 894 7320 | Fax: 04 894 7319
Website: www.summerset.co.nz

24 September 2018
Notice of Allotment of Fixed Rate Bonds
The following information is provided in accordance with Listing Rule 7.12.1:
Fixed Rate Bonds
due 24 September 2025
Issuer Summerset Group Holdings Limited
Class of securities Guaranteed, secured, unsubordinated, fixed rate bonds
ISIN NZSUMD0020L7
NZX Security code SUM020
Number of SUM020 bonds
allotted
125,000,000
Issue price $1.00 per bond
Interest Rate 4.20% per annum
Payment in cash Yes
Any amount paid up (if not in full) Bonds have been fully paid up
Principal terms of the securities
Guaranteed, secured, unsubordinated, fixed rate debt securities with a
maturity date of 24 September 2025
Percentage of total class of
SUM020 bonds allotted
100% of the SUM020 bonds
Reasons for the allotment
Allotment under the Final Term Sheet dated 14 September 2018. The
proceeds of the offer will be used to repay a portion of existing drawn
bank debt and for general corporate purposes of the Summerset
Group. The Offer will provide diversification of funding sources and
tenor for the Summerset Group.
Specific authority for the allotment Resolution of directors
Terms or details of the allotment As set out in the Final Term Sheet dated 14 September 2018
Total number of SUM020 bonds in
existence after the allotment
125,000,000
Date of allotment 24 September 2018

For investor relations enquiries: For media enquiries:
Scott Scoullar Jenny Bridgen
Deputy CEO and CFO Senior Communications Advisor
scott.scoullar@summerset.co.nz jenny.bridgen@summerset.co.nz
04 894 7320 or 029 894 7317 04 830 1106 or 021 408 215