Summerset Director James Ogden Announces Retirement

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

21 MARCH 2022

SUMMERSET DIRECTOR JAMES OGDEN ANNOUNCES RETIREMENT

Summerset Director James Ogden has confirmed his retirement from the Board from 27 April
2022.

Mr Ogden has been a director of Summerset since 2 September 2011. He was appointed to the
Board prior to Summerset’s listing on the NZX and has contributed to Summerset’s significant
growth over the last 11 years.

Summerset has grown to be the second largest listed retirement village operator in New
Zealand, with a market capitalisation of over $2.6 billion. Assets have increased from $540
million to $4.9 billion and resident numbers have increased from 1,700 to over 7,000.
The Board expressed its sincere thanks for Mr Ogden’s contribution.
“We would like to thank James for his service as a Director and additionally for his leadership as
Chair of the Audit Committee. James has made a significant contribution to the Company and its
strong performance over the last 11 years.”
Mr Ogden’s retirement will take effect following the conclusion of Summerset’s Annual Meeting
of Shareholders on 27 April 2022.

Anne Urlwin will succeed James as Chair of the Audit Committee. Given the recent appointment
of Stephen Bull to the Board, there is no intention to appoint an additional director at this time.


ENDS

For investor relations enquiries: For media enquiries:
Will Wright Louise McDonald
CFO & GM Corporate Services Senior Communications & Media Advisor
scott.scoullar@summerset.co.nz louise.mcdonald@summerset.co.nz
021 490 251 021 408 215


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.