SPH Notice – New Zealand Superannuation Fund Nominees

Document Number: 3550935 Version: 2


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Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
To NZX Limited
and
To Summerset Group Holdings Limited (“SUM”)
Date this disclosure made: 2
nd
May 2023
Date on which substantial holding began: 28
th
April 2023
Substantial product holder(s) giving disclosure
Full name(s): New Zealand Superannuation Fund Nominees Limited as nominee for the
New Zealand Superannuation Fund being property of His Majesty the King in
right of New Zealand and managed by the Guardians of New Zealand Superannuation
("NZSF")
Summary of substantial holding
Class of quoted voting products: ordinary shares in SUM (ISIN: NZSUME0001S0)
Summary for NZSF
For this disclosure,—
(a) total number held in class: 11,687,398
(b) total in class: 232,972,875
(c) total percentage held in class: 5.017%
Details of relevant interests
Details for NZSF
Nature of relevant interest(s): Beneficial owner of shares and/or power to control the
acquisition/disposal of, and voting rights attached to, shares
For that relevant interest,—
(a) number held in class: 11,687,398
(b) percentage held in class: 5.017%
(c) current registered holder(s): New Zealand Central Securities Depository Limited (for
NZSF). Of these shares, 3.667% are within NZSF’s internal equities portfolio and 1.350%
are within NZSF’s portfolio managed by Devon & Mint Asset Management Limited.
(d) registered holder(s) once transfers are registered: N/A

Document Number: 3550935 Version: 2


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For a derivative relevant interest, also—
(a) type of derivative: N/A
(b) details of derivative: N/A
(c) parties to the derivative: N/A
(d) if the substantial product holder is not a party to the derivative, the nature of the
relevant interest in the derivative: N/A
Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure:
Between the 15
th
of February 2023 to 28th of April 2023, NZSF (through its internal
portfolios and accounts managed by Devon Funds Management Limited) bought an
aggregate of 1,283,811 ordinary shares in SUM on market for aggregate consideration of
$11,000,604.68
Between the 24
th
of January 2023 to 28th of April 2023, NZSF (through its internal
portfolios and accounts managed by Devon Funds Management Limited & Mint Asset
Management Limited) sold an aggregate of 148,110 ordinary shares in SUM on market for
aggregate consideration of $1,405,651.28
On the 23
rd
of March 2023, NZSF (through its internal portfolios and accounts managed
by Devon Funds Management Limited & Mint Asset Management Limited) was allotted an
aggregate of 134,584 new ordinary shares in SUM pursuant to the SUM Dividend
Reinvestment Plan for an aggregate consideration of $1,144,286.99
Additional information
Address(es) of substantial product holder(s): Level 14, 21 Queen Street
Auckland 1010, New Zealand
Contact details: James Hassell
Ph: +64 09 373 8956
E-mail: jhassell@nzsuperfund.co.nz

Name of any other person believed to have given, or believed to be required to give, a
disclosure under the Financial Markets Conduct Act 2013 in relation to the financial
products to which this disclosure relates: N/A
Certification
I, James Hassell, 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.