SPH Notice - New Zealand Superannuation Fund Nominees Ltd

1
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: 22 May 2025
Date on which substantial holding began: 20 May 2025
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: 12,047,304
(b) total in class: 240,931,018
(c) total percentage held in class: 5.000%
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: 12,047,304
(b) percentage held in class: 5.000%
(c) current registered holder(s): New Zealand Central Securities Depository Limited (for
NZSF). Of these shares, 3.318% are within NZSF’s internal equities portfolios and 1.682%
are within NZSF’s portfolio managed by Mint Asset Management Limited.
(d) registered holder(s) once transfers are registered: N/A
For a derivative relevant interest, also—
(a) type of derivative: N/A
(b) details of derivative: N/A

2
(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 20
th
of January 2025 to 20
th
of May 2025, NZSF (through its internal
portfolios and accounts managed by Mint Asset Management Limited) bought an aggregate
of 205,344 ordinary shares in SUM on market for aggregate consideration of
$2,437,471.72.
Between the 20
th
of January 2025 to 20
th
of May 2025, NZSF (through its internal
portfolios and accounts managed by Mint Asset Management Limited) sold an aggregate of
748,093 ordinary shares in SUM on market for aggregate consideration of $8,471,649.70.
Between the 20
th
of January 2025 to 20
th
of May 2025, NZSF (through its internal
portfolios and accounts managed by Mint Asset Management Limited) was allotted an
aggregate of 113,725 new ordinary shares in SUM pursuant to a SUM Dividend
Reinvestment Plan for an aggregate consideration of $1,272,029.14.
NZSF notified on 6 May 2025 that it had ceased to have a substantial holding in SUM as of
2 May 2025 (i.e. part way through the period from 20
th
of January 2025 to 20
th
of May
2025 referred to above). As at 2 May 2025, NZSF held a relevant interest in 12,021,481
Ordinary Shares in SUM (being 4.990% of total shares in the class).
Additional information
Address(es) of substantial product holder(s):
Level 12, Jarden House, 21 Queen Street
Auckland 1010, New Zealand
Contact details:
Amy Hitchcock
Ph: +64 9 300 6980
Email: operations@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, Amy Hitchcock, 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.