Withdrawal of Resolution

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

30 MARCH 2026

WITHDRAWAL OF RESOLUTION

Summerset Group Holdings Limited announced today that its Board of Directors has decided
to withdraw Resolution 5 – Directors’ Remuneration, from its upcoming Annual
Shareholders’ Meeting, to be held on 21 April 2026.
“Since we completed our benchmarking work and put forward our resolutions, world events
have changed the landscape we’re working in,” says Summerset Board Chair Mark Verbiest.
“With fuel and other goods seeing marked price increases we don’t feel it’s appropriate for
the Board to seek an increased remuneration pool while Summerset’s people, residents and
shareholders are managing very challenging issues.
“We look forward to addressing other important matters on the agenda at the upcoming
Annual Shareholders’ Meeting.”
ENDS
For enquiries:
Robyn Heyman
Company Secretary
robyn.heyman@summerset.co.nz
027 506 5562