Summit Luxco S.à r.l. (the "Offeror") announced the results of its offer to purchase for cash (the "Tender Offer") a portion of Summit Properties Limited's (previously Summit Germany Limited) (the "Issuer") outstanding 244,058,000 Senior Notes due 2025 (ISIN/Common Code: XS1757821688/175782168) (the "Notes") which results in an aggregate maximum purchase price (excluding accrued, but unpaid interest) of 47,000,000 from the holders of the Notes (each a "Noteholder" and together, the "Noteholders"), as further described in the tender offer memorandum dated as of September 4, 2023 (the "Tender Offer Memorandum"). The Tender Offer expired at 4:00 p.m. London time on September 8, 2023 (the "Expiration Date"). The Tender Offer was made upon the terms and conditions of the Tender Offer Memorandum.

Capitalized terms used and not otherwise defined in this announcement have the meanings ascribed to them in the Tender Offer Memorandum. The Acceptance Amount was determined on September 8, 2023, around 4:45 p.m. London time The Offeror announces that it accepted for purchase all Notes validly tendered on a pro rata basis such that the aggregate principal amount of the Notes accepted for purchase is 50,000,000. The proration factor has been set at 56.3380%.

Subject to the General Conditions being satisfied, the Tender Offer is expected to settle on September 13, 2023 (the "Settlement Date"). On the Settlement Date, the Offeror will also pay accrued but unpaid interest on the Notes accepted for purchase. The Notes accepted for purchase will be held as treasury notes by the Offeror.

Subject to market conditions, the Issuer, the Offeror or any of their respective affiliates may initiate a repurchase of the Notes in the future.