Acquisition and Cancellation of Shares

Capital Change Notice


Section 1: Issuer information
Name of issuer Summerset Group Holdings Limited
NZX ticker code SUM
Class of financial product Ordinary Shares
ISIN (If unknown, check on NZX website) NZSUME0001S0
Currency NZD
Section 2: Capital change details
Number acquired 266,792 Ordinary Shares
Nominal value (if any) N/A
Acquisition price per security NZ$4.95 in relation to the LTI Shares
(as defined in the disclosure
document dated 23 March 2023)
Nil in relation to the All Staff Shares
(as defined in the disclosure
document dated 23 March 2023)
Nature of the payment (for example, cash or other
consideration)
Cash
Amount paid up (if not in full) Fully paid
Percentage of total class of Financial Products acquired
(calculated on the number of Financial Products of the
Class, excluding any Treasury Stock, in existence)
1

0.11438535%
For an issue of Convertible Financial Products or
Options, the principal terms of Conversion (for example
the Conversion price and Conversion date and the
ranking of the Financial Product in relation to other
Classes of Financial Product) or the Option (for example,
the exercise price and exercise date)
N/A
Reason for acquisition and specific authority for
acquisition (the reason for change must be identified
here)
Shares acquired pursuant to a share
buyback of forfeited plan shares in
relation to Summerset Group
Holdings Limited’s employee share
plans
Total number of Financial Products of the Class after the
acquisition (excluding Treasury Stock) and the total
number of Financial Products of the Class held as
Treasury Stock after the acquisition.
232,972,875 Ordinary Shares (nil
held as treasury stock)
In the case of an acquisition of shares, whether those
shares are to be held as treasury stock
Shares will be cancelled on
acquisition and will not be held as
treasury stock

1
The percentage is to be calculated immediately before the issue, acquisition, redemption or Conversion

Specific authority for the acquisition including a
reference to the rule pursuant to which the acquisition is
made
Directors’ resolutions dated 5 March
2023, permitted under listing rule
4.14.1(b)(ii)
Terms or details of the acquisition As set out in the disclosure
document dated 23 March 2023
Date of acquisition 12 April 2023
Section 3: Authority for this announcement and contact person
Name of person

authorised to make this announcement Robyn Heyman
Contact person for this announcement Robyn Heyman
Contact phone number 027 506 5562
Contact email address robyn.heyman@summerset.co.nz
Date of release through MAP

12 April 2023