Summerset Launches Fixed Rate Retail Bond Offer

NZX & ASX RELEASE 27 February 2024 SUMMERSET LAUNCHES FIXED RATE RETAIL BOND OFFER Summerset Group Holdings Limited (Summerset) announced today that it is offering up to NZ$75 million (with the ability to accept up to an additional NZ$50 million of oversubscriptions at Summerset's discretion) of six year fixed rate bonds maturing on 8 March 2030 to New Zealand investors. The Interest Rate will be the sum of the Issue Margin plus the Base Rate, but in any case will be no less than the minimum Interest Rate of 6.35% per annum. The indicative Issue Margin Range for the bonds is 2.00% to 2.15% per annum. The actual Issue Margin may be above or below the indicative Issue Margin Range. The Issue Margin and Interest Rate will be set following a bookbuild process which is expected to be completed on 1 March 2024 and will be announced by Summerset via NZX shortly thereafter. Full details of the bond offer are contained in the Indicative Terms Sheet, available through www.summerset.co.nz/bondoffer or by contacting the Joint Lead Managers or your usual financial adviser, and must be obtained by investors before they decide to acquire any bonds. This offer is being made in accordance with the Financial Markets Conduct Act 2013 and the bonds are expected to be quoted on the NZX Debt Market on 11 March 2024 under ticker code SUM050. There is no public pool for the bonds, which will be reserved for clients of the Joint Lead Managers, institutional investors and other primary market participants invited to participate in the bookbuild. Joint Lead Managers CBA 0800 272 266 Craigs Investment Partners 0800 226 263 Forsyth Barr 0800 367 227 Jarden 0800 005 678 ENDS For investor relations enquiries: Will Wright Chief Financial Officer will.wright@summerset.co.nz +64 21 490 251 For media enquiries: Louise McDonald Senior Communications & Media Advisor louise.mcdonald@summerset.co.nz +64 21 246 3793 End CA:00426883 For:SUM Type:OFFER Time:2024-02-27 08:30:52