Summit Properties : Cancellation of admission of Ordinary Shares to trading on AIM

3 March 2020

Summit Properties Limited

(the "Company")

Result of General Meeting

and

Cancellation of admission of Ordinary Shares to trading on AIM

At the Company's General Meeting held earlier today, the Resolutions proposed to Shareholders, including the Resolution to approve the cancellation of trading of the Company's Ordinary Shares on AIM (the "Cancellation"), were duly passed.

Following the passing of the Resolutions at the General Meeting, the Company will now proceed with the Tender Offer and Cancellation. The Cancellation will take effect at 7.00 a.m. on 17 March 2020. The Tender Offer, full details of which are set out in the Company's circular to Shareholders dated 18 February 2020 ("Circular"), will remain open to Eligible Shareholders until 1.00 p.m. on 4 March 2020.

The Circular can be viewed on, and downloaded from, the Company's website at www.summit- properties.com. Capitalised terms used but not defined in this announcement have the same meaning as in the Circular.

For further information:
Summit Properties Limited	Tel: [phone]
Zohar Levy - Managing Director
Itay Barlev (Braun) - Finance Director
Non-Executive Chairman	Tel: [phone]
Harry Hyman
Carey Group, Company Secretary	Tel: [phone]
Chris Le Page / Tom Lancaster-King

Liberum Capital Limited, Nominated Adviser and Joint Broker Tel: [phone]

Chris Clarke / Gillian Martin / Owen Matthews

Cenkos Securities, Joint Broker	Tel: [phone]
Mark Connelly
Russell Kerr / Selwyn Jones (Broking)