Summerset : Appendix 1 – 1Y17

Summerset Group Holdings Limited
Results for announcement to the market
Reporting Period	Six months to 30 June 2017
Previous Reporting Period	Six months to 30 June 2016

Amount (000s)	Percentage change
Revenue from ordinary activities	NZ$50,711	+26.7%
Total income from ordinary activities	NZ$137,802	+52.8%
Profit from ordinary activities after tax attributable to security holder	NZ$90,253	+78.4%
Net profit attributable to security holders	NZ$90,253	+78.4%
Underlying profit	NZ$35,663	+44.6%

Interim Dividend	Amount per security	Imputed amount per security
NZ 3.9 cents per share	Not imputed

Record Date	29 August 2017
Dividend Payment Date	11 September 2017
Dividend Reinvestment Plan	Applies at 2% discount

Comments: See also other attached documents (unaudited half- year financial statements and half-year report, media release, results presentation and Appendix 7).

Underlying profit differs from NZ IFRS reported profit after tax. The directors have provided an underlying profit measure to assist readers in determining the realised and non-realised components of fair value movement of investment property and tax expense in the group's income statement. The measure is used internally in conjunction with other measures to monitor performance and make investment decisions. Underlying profit is an industry wide measure which the group uses consistently across reporting periods.