Notice of Allotment of Securities

Capital Change Notice

Updated as at February 2025

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 issued/acquired/redeemed 7,877 Ordinary Shares
Nominal value (if any) N/A
Issue/acquisition/redemption price per security Ordinary Shares were issued upon
exercise of options in accordance with the
terms of Summerset’s LTI Share Option
Plan. The final exercise price was as
follows:
• 109,657 options with an exercise
price of $10.201 per option;
• 1,778 options with an exercise price
of $10.134 per option
Nature of the payment (for example, cash or other
consideration)
Cash net settlement
Amount paid up (if not in full) Fully paid
Percentage of total class of Financial Products
issued/acquired/redeemed/ (calculated on the
number of Financial Products of the Class,
excluding any Treasury Stock, in existence)
1

0.00326679%
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 issue/acquisition/redemption and
specific authority for issue/acquisition/redemption/
(the reason for change must be identified here)
Issue of Ordinary Shares upon exercise of
options under Summerset’s LTI Share
Option Plan
Total number of Financial Products of the Class
after the issue/acquisition/redemption/Conversion
(excluding Treasury Stock) and the total number of
Financial Products of the Class held as Treasury
Stock after the issue/acquisition/redemption.
241,131,255 Ordinary Shares (nil held as
treasury stock)
1,160,796 options remain on issue
In the case of an acquisition of shares, whether
those shares are to be held as treasury stock
N/A

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

Specific authority for the issue, acquisition, or
redemption, including a reference to the rule
pursuant to which the issue, acquisition, or
redemption is made
Directors’ resolutions in relation to option
issue and issue of Ordinary Shares on
conversion of the options. Permitted
under listing rule 4.6.
Terms or details of the issue, acquisition, or
redemption (for example: restrictions, escrow
arrangements)
Issue of 7,877 Ordinary Shares by net
settlement upon exercise of 111,435
options pursuant to the terms of
Summerset’s LTI Share Option Plan.

Ordinary Shares issued rank equally with
all other Ordinary Shares on issue.
Date of issue/acquisition/redemption
2
5 September 2025
Section 3: Disclosure required for Placements made under Rule 4.5.1
[Issuers may opt to release Section 3 information (if not already done so) in a separate announcement within five Business Days of
the issuance. Delete this Section 3 if capital change is not the result of a Placement under Rule 4.5.1]

Details of the approach in identifying investors who
were able to participate in the offer and how their
respective allocations in the offer were determined.

The explanation must set out the key objectives
and criteria the Issuer adopted in the allocation
process, whether one of those objectives was a
best effort to allocate on a pro rata basis to existing
holders of the Issuer’s Equity Securities, and any
significant exceptions or deviations from those
objectives and criteria.
N/A

Section 4: Authority for this announcement and contact person
Name of person

authorised to make this
announcement
Stephanie Muller
Contact person for this announcement Stephanie Muller
Contact phone number 027 215 6552
Contact email address stephanie.muller@summerset.co.nz
Date of release through MAP

8 September 2025



2
Continuous issuers using this form in reliance on Rule 3.13.2, please indicate the period during which the relevant
issue/acquisition/redemptions were made (for example, 1 January 2019 to 31 January 2019).