Cleansing Notice

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



NZX & ASX RELEASE

7 September 2020

CLEANSING NOTICE
Summerset Group Holdings Limited (Summerset) gives notice under clause 20(1)(a) of Schedule
8 to the Financial Markets Conduct Regulations 2014 (Regulations) that it proposes to make an
offer for the issue of fixed rate bonds (the New Bonds) due 21 September 2027, in reliance upon
the exclusion in clause 19 of Schedule 1 to the Financial Markets Conduct Act 2013 (Act).
The main terms of the offer and the New Bonds are set out in a Terms Sheet for the offer. Except
for the interest rate and maturity date, the New Bonds will have identical rights, privileges,
limitations and conditions as:
a) Summerset’s fixed rate bonds maturing on 11 July 2023 which are quoted on the NZX Debt
Market under ticker code SUM010; and
b) Summerset's fixed rate bonds maturing on 24 September 2025 which are quoted on the
NZX Debt Market under ticker code SUM020,
(together the Quoted Bonds) and therefore are of the same class as the Quoted Bonds for the
purposes of the Act and the Regulations. The Quoted Bonds have been continuously quoted on
the NZX Debt Market over the preceding 3 months.
As at the date of this notice, Summerset is in compliance with:
a) the continuous disclosure obligations that apply to it in relation to the Quoted Bonds; and

b) its financial reporting obligations (as defined in the Regulations).
As at the date of this notice, there is no “excluded information” required to be disclosed for the
purposes of the Regulations.
As at the date of this notice, there is no other information that would be required to be disclosed
under a continuous disclosure obligation, or which would be excluded information required to be
disclosed for the purposes of the Regulations, if the Quoted Bonds had had the same redemption
date or interest rate as the New Bonds being offered.

ENDS

For investor relations enquiries: For media enquiries:
Scott Scoullar Jenny Bridgen
CFO and Deputy CEO Communications Manager
scott.scoullar@summerset.co.nz jenny.bridgen@summerset.co.nz
029 894 7317 021 408 215