ASX Appendix 3A.1 – updated for DRP strike price and AUD FX

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Update Summary
Entity name
SUMMERSET GROUP HOLDINGS LIMITED
Security on which the Distribution will be paid
SNZ - ORDINARY FULLY PAID FOREIGN EXEMPT NZX
Announcement Type
Update to previous announcement
Date of this announcement
Wednesday September 4, 2019
Reason for the Update
Strike price for DRP and foreign exchange rate added.
Refer to below for full details of the announcement
Announcement Details
Part 1 - Entity and announcement details
1.1 Name of +Entity
SUMMERSET GROUP HOLDINGS LIMITED
1.2 Registered Number Type
ARBN
Registration Number
164228399
1.3 ASX issuer code
SNZ
1.4 The announcement is
Update/amendment to previous announcement
1.4a Reason for update to a previous announcement
Strike price for DRP and foreign exchange rate added.
1.4b Date of previous announcement(s) to this update
Tuesday August 13, 2019
1.5 Date of this announcement
Wednesday September 4, 2019
1.6 ASX +Security Code
SNZ
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ASX +Security Description
ORDINARY FULLY PAID FOREIGN EXEMPT NZX
Part 2A - All dividends/distributions basic details
2A.1 Type of dividend/distribution
Ordinary
2A.2 The Dividend/distribution:
relates to a period of six months
2A.3 The dividend/distribution relates to the financial reporting or payment period ending
ended/ending (date)
Tuesday December 31, 2019
2A.4 +Record Date
Tuesday August 27, 2019
2A.5 Ex Date
Monday August 26, 2019
2A.6 Payment Date
Monday September 9, 2019
2A.7 Are any of the below approvals required for the dividend/distribution before business day 0
of the timetable?
Security holder approval
Court approval
Lodgement of court order with +ASIC
ACCC approval
FIRB approval
Another approval/condition external to the entity required before business day 0 of the
timetable for the dividend/distribution.
No
2A.8 Currency in which the dividend/distribution is made ("primary currency")
NZD - New Zealand Dollar
2A.9 Total dividend/distribution payment amount
per +security (in primary currency) for all
dividends/distributions notified in this form
NZD 0.06400000
2A.9a AUD equivalent to total
dividend/distribution amount per +security
0.06032640
2A.9b If AUD equivalent not known, date for
information to be released
Wednesday September 4, 2019
Estimated or Actual?
Actual
2A.9c FX rate (in format AUD 1.00 / primary
currency rate): AUD
AUD 1.00
FX rate (in format AUD rate/primary currency
rate) Primary Currency rate
NZD 1.06089540

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2A.10 Does the entity have arrangements
relating to the currency in which the
dividend/distribution is paid to securityholders
that it wishes to disclose to the market?
Yes
2A.11 Does the entity have a securities plan for
dividends/distributions on this +security?
We have a Dividend/Distribution Reinvestment
Plan (DRP)
2A.11a If the +entity has a DRP, is the DRP
applicable to this dividend/distribution?
Yes
2A.11a(i) DRP Status in respect of this
dividend/distribution
Full DRP
2A.12 Does the +entity have tax component
information apart from franking?
No
2A.13 Withholding tax rate applicable to the dividend/distribution
15.000000
Part 2B - Currency Information
2B.1 Does the entity default to payment in certain currencies dependent upon certain attributes
such as the banking instruction or registered address of the +securityholder? (For example NZD
to residents of New Zealand and/or USD to residents of the U.S.A.).
Yes
2B.2 Please provide a description of your currency arrangements
Based on shareholder's residence and/or election made by the shareholder
2B.2a Other currency/currencies in which the dividend/distribution will be paid:
AUD - Australian DollarAUD 0.06032640
2B.2b Please provide the exchange rates used for non-primary currency payments
Reserve Bank of New Zealand Daily Exchange Mid-Rate on 27 August 2019, being the day prior to the
commencement of the pricing period for the DRP strike price
2B.2c If payment currency equivalent and
exchange rates not known, date for information
to be released
Wednesday September 4, 2019
Estimated or Actual?
Actual
2B.3 Can the securityholder choose to receive a currency different to the currency they would
receive under the default arrangements?
No
Part 3A - Ordinary dividend/distribution

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3A.1 Is the ordinary dividend/distribution
estimated at this time?
No
3A.1a Ordinary dividend/distribution estimated
amount per +security
NZD
3A.1b Ordinary Dividend/distribution amount per
security
NZD 0.06400000
3A.2 Is the ordinary dividend/distribution
franked?
No
3A.3 Percentage of ordinary
dividend/distribution that is franked
0.0000 %
3A.4 Ordinary dividend/distribution franked
amount per +security
NZD 0.00000000
3A.5 Percentage amount of dividend which is
unfranked
100.0000 %
3A.6 Ordinary dividend/distribution unfranked
amount per +security excluding conduit foreign
income amount
NZD 0.06400000
Part 3F - NZD declared dividends/distributions - supplementary dividend/distribution
3F.1 Is a supplementary dividend/distribution payable?
No
Part 4A - +Dividend reinvestment plan (DRP)
4A.1 What is the default option if +security holders do not indicate whether they want to
participate in the DRP?
Do not participate in DRP (i.e. cash payment)
4A.2 Last date and time for lodgement of
election notices to share registry under DRP
Wednesday August 28, 2019 15:00:00
4A.3 DRP discount rate
2.0000 %
4A.4 Period of calculation of reinvestment price
Start Date
Wednesday August 28, 2019
End Date
Tuesday September 3, 2019
4A.5 DRP price calculation methodology
As per clause 7 of the DRP Offer Document dated 29 April 2016
4A.6 DRP Price (including any discount):
NZD 5.83360
4A.7 DRP +securities +issue date
Monday September 9, 2019

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4A.8 Will DRP +securities be a new issue?
Yes
4A.8a Do DRP +securities rank pari passu from
+issue date?
Yes
4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation?
No
4A.10 Is there a maximum dollar amount or number of +securities required for DRP participation?
No
4A.11 Are there any other conditions applying to DRP participation?
No
4A.12 Link to a copy of the DRP plan rules
http://www.summerset.co.nz/investor-centre/dividends
4A.13 Further information about the DRP
Part 5 - Further information
5.1 Please provide any further information applicable to this dividend/distribution
5.2 Additional information for inclusion in the Announcement Summary