Summerset : Notice of Allotment of Securities

Summerset Group Holdings Limited

Level 27, Majestic Centre, 100 Willis St, Wellington

PO Box 5187, Wellington 6140

Phone: [phone] | Fax: [phone]

Website: www.summerset.co.nz

NZX RELEASE 11 SEPTEMBER 2017 NOTIFICATION OF ALLOTMENT OF SECURITIES

For the purposes of Listing Rule 7.12.1 of the NZSX Listing Rules, Summerset Group Holdings Limited advises the following securities have been issued:

Class of securities issued Ordinary Shares

ISIN NZSUME0001S0

Number of securities issued 593,876 Ordinary Shares Issue price $4.9968

Payment in cash? Yes

Any amount paid up (if not in full) Fully paid

Percentage of total class issued (excluding treasury stock)

0.3% of the Ordinary Shares

Reasons for the issue Issue of Ordinary Shares to those shareholders who have

elected to participate in the Dividend Reinvestment Plan Specific authority for the issue Directors' resolution dated 14 August 2017

Terms or details of the issue Issue of 593,876 Ordinary Shares pursuant to the terms

of the Dividend Reinvestment Plan Offer document dated 29 April 2016

Total number of securities of the class in existence after the issue (excluding treasury stock)

223,036,104 Ordinary Shares

Date of issue 11 September 2017

For enquiries:

Leanne Walker Company Secretary

[e-mail] 04 894 7361 or 029 770 8189