Summerset Welcomes Stephen Bull to Board

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

25 February 2022

SUMMERSET WELCOMES STEPHEN BULL TO BOARD

Summerset Group Holdings Limited is pleased to announce the appointment of
Stephen Bull to the Board of Directors.

Mr Bull, who is based in Australia, is currently a Director of Bridge Housing and sits on the
Investment Committees for the MaxCap Industrial Opportunities Fund and the Wingate Direct
Property business. He is also a member of the Advisory Board for the Moits Group.

Mr Bull has over 25 years’ experience in real estate, community creation and finance roles. The
last five years of his executive career were as Group Executive and CEO of Stockland’s
retirement village business where he was responsible for delivering substantial property
developments and asset builds.

Summerset Chair, Mark Verbiest, welcomed Stephen to the Board saying he brings a wealth of
experience.

“Stephen’s depth of Australian retirement sector experience means he will bring rich insights into
Summerset’s business. We look forward to him joining us.”

Stephen has a Bachelor of Psychology (Honours), Bachelor of Commerce and is a Chartered
Accountant. He is also a member of the Australian Institute of Company Directors (MAICD).

Stephen joins the Board as a non-executive independent director on 1 March 2022.


ENDS

For investor relations enquiries: For media enquiries:
Will Wright Louise McDonald
Chief Financial Officer Senior Communications & Media Advisor
will.wright@summerset.co.nz louise.mcdonald@summerset.co.nz
021 490 251 021 246 3793


ABOUT SUMMERSET

• Summerset is one of the leading operators and developers of retirement villages in New
Zealand, with 37 villages completed or in development at Aotea, Avonhead, Bell Block,
Blenheim, Cambridge, Casebrook, Cranbourne North (Australia), Dunedin, Ellerslie,
Hamilton, Hastings, Havelock North, Hobsonville, Karaka, Katikati, Kenepuru, Levin,
Lower Hutt, Manukau, Napier, Nelson, New Plymouth, Palmerston North, Pāpāmoa
Beach, Paraparaumu, Prebbleton, Richmond, Rototuna, St Johns, Taupō, Te Awa,
Trentham, Waikanae, Wanganui, Warkworth, Whangārei and Wigram.

• In addition, Summerset has proposed sites at Half Moon Bay (Auckland), Milldale
(Auckland), Parnell (Auckland), Rangiora (Canterbury), Kelvin Grove (Palmerston North),
and four properties in Victoria, Australia, bringing the total number of sites to 46.

• Summerset provides a range of living options and care services to approximately 7,000
residents.