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

27 February 2023

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 9 March 2029, 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;
b) Summerset's fixed rate bonds maturing on 24 September 2025 which are quoted on the NZX
Debt Market under ticker code SUM020; and
c) Summerset's fixed rate bonds maturing on 21 September 2027 which are quoted on the NZX
Debt Market under ticker code SUM030,
(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:
Will Wright Louise McDonald
CFO Senior Communications 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 38 villages completed or in development nationwide.
 In addition, Summerset has five proposed sites at Half Moon Bay (Auckland), Parnell
(Auckland), Rotorua (Bay of Plenty), Kelvin Grove (Palmerston North), and Masterton
(Wairarapa).
 Summerset also has seven properties in Victoria, Australia, bringing the total number of sites
to 50.
 Summerset provides a range of living options and care services to more than 7,400 residents.