Ongoing Disclosure Notice (Scott Scoullar)

Ongoing Disclosure Notice
Disclosure of Directors and Senior Managers Relevant Interests
Sections 297(2) and 298(2), Financial Markets Conduct Act 2013
To NZX Limited; and
Name of listed issuer:
Summerset Group Holdings Limited
Date this disclosure made:
10 March 2022
Date of last disclosure:
1 March 2022
Director or senior manager giving disclosure
Full name(s):
Scott Grady Scoullar
Name of listed issuer:
Summerset Group Holdings Limited
Name of related body corporate (if applicable):
N/A
Position held in listed issuer:
CEO
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:
Summerset Group Holdings Limited ordinary shares (NZX Code:
SUM)
Nature of the affected relevant interest(s):
(1) Registered and beneficial ownership of options to subscribe for
ordinary shares
(2) Registered and beneficial ownership of ordinary shares
For that relevant interest-
Number held in class before acquisition or disposal:
(1) Registered and beneficial ownership of 198,783 options to
subscribe for ordinary shares pursuant to a share option plan
under which the options have vested and become exerciseable
(2) Registered holder and beneficial ownership of 427,072 ordinary
shares
Number held in class after acquisition or disposal:
(1) Registered and beneficial ownership of 122,116 options to
subscribe for ordinary shares pursuant to a share option plan
under which the options have vested and become exerciseable
(2) Registered holder and beneficial ownership of 449,686 ordinary
shares
Current registered holder(s):
Scott Grady Scoullar
Registered holder(s) once transfers are registered:
Scott Grady Scoullar
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable)
Type of affected derivative:
N/A
Class of underlying financial products:
N/A
Details of affected derivative-
The notional value of the derivative (if any) or the notional amount of underlying financial
products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:
N/A
Maturity date of the derivative (if any):
N/A
Expiry date of the derivative(if any):
N/A
The price specified in the terms of the derivative (if any):
N/A
Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the underlying
financial products:
N/A
For that derivative,-
Parties to the derivative:
N/A
If the director or senior manager is not a party to the derivative, the nature of the relevant
interest in the derivative:
N/A
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates: Two
Details of transactions requiring disclosure-
Date of transaction:
(1) 4 March 2022
(2) 8 March 2022

Nature of transaction:
(1) Issue of 38,133 ordinary shares upon exercise of 76,667
vested options under Summerset's LTI Share Option Plan (which
provides for the issue of ordinary shares on a net settled basis)
(2) Disposal of 15,519 ordinary shares in accordance with
Summerset's LTI Share Option Plan to fund PAYE withholding tax
Name of any other party or parties to the transaction (if known):N/A
The consideration, expressed in New Zealand dollars, paid or recieved for the acquisition
or disposal. If the consideration was not in cash and cannot be readily by converted into a
cash value, describe the consideration:
(1) Exercise of options at an exercise price of $6.044 per option
(2) Disposal of ordinary shares at an average price of $11.55 per
share
Number of financial products to which the transaction related: (1) Issue of 38,133 ordinary shares
(2) Disposal of 15,519 ordinary shares
If the issuer has a financial products trading policy that prohibits directors or senior
managers from trading during any period without written clearance (a closed period)
include the following details—
Whether relevant interests were aquired or disposed of during a closed period:
No
Whether prior written clearance was provided to allow the aquisition or disposal to proceed
during the closed period:
N/A
Date of the prior written clearance (if any):
N/A
Summary of other relevant interests after acquisition or disposal:
Class of quoted financial products:
Summerset Group Holdings Limited ordinary shares (NZX Code:
SUM) and fixed rate bonds (NZX Codes: SUM010, SUM020 and
SUM030)
Nature of relevant interest:
Registered and/or beneficial ownership of ordinary shares,
registered and beneficial ownership of options to acquire ordinary
shares, and the power to acquire or dispose of, or to control the
acqusition or disposal of, fixed rate bonds and ordinary shares (as
detailed below)
For that relevant interest,-
Number held in class:
(1) Beneficial ownership of 320 ordinary shares pursuant to a
widely held exempt employee share plan under which the shares
have not yet vested
(2) Registered and beneficial ownership of 161,125 options to
subscribe for ordinary shares pursuant to a share option plan
under which the options have not yet vested and become
exerciseable
(3) Power to acquire or dispose of, or to control the acqusition or
disposal of, 25,000 SUM010 fixed rate bonds
(4) Power to acquire or dispose of, or to control the acqusition or
disposal of, 40,000 SUM020 fixed rate bonds
(5) Power to acquire or dispose of, or to control the acqusition or
disposal of, 40,000 SUM030 fixed rate bonds
(6) Power to acquire or dispose of, or to control the acqusition or
disposal of, 12,014 ordinary shares
(7) Beneficial ownership of 204,945 ordinary shares pursuant
to a long term incentive plan under which the shares have vested
Current registered holder(s):(1) Summerset LTI Trustee Limited
(2) Scott Grady Scoullar
(3) Donald Lisle Scoullar
(4) Donald Lisle Scoullar
(5) Donald Lisle Scoullar
(6) Donald Lisle Scoullar
(7) Summerset LTI Trustee Limited
For a derivative relevant interest,-
Type of derivative:
N/A
Details of derivative,-
The notional value of the derivative (if any) or the notional amount of underlying financial
products (if any):
N/A
A statement as to whether the derivative is cash settled or physically settled:N/A
Maturity date of the derivative (if any):N/A
Expiry date of the derivative (if any):N/A
The price's specified terms (if any):N/A

Any other details needed to understand how the amount of the consideration payable
under the derivative or the value of the derivative is affected by the value of the underlying
financial products:
N/A
For that derivative relevant interest,-
N/A
Parties to the derivative:
N/A
If the director or senior manager is not a party to the derivative, the nature of the relevant
interest in the derivative:
N/A
Certification
I certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons
for whom it is made.
Signature of director or officer:
Date of signature:10 March 2022
or
Signature of person authorised to sign on behalf of director or officer:N/A
Date of signature:N/A
Name and title of authorised person:N/A