Summit Properties : Form of Proxy

SUMMIT PROPERTIES LIMITED

(a non-cellular company with limited liability incorporated in Guernsey with registration number 44692)

GENERAL MEETING - FORM OF PROXY

I/We (Full Name)...............................................................................................................................................................

who resides at/with registered office at (Full Address)....................................................................................................

being a member of the Company, holding .......................................................................................................................

Exact Number of Shares and Class of Shares

hereby appoint the Chairman, or failing him/her, a duly appointed representative of C.L. Secretaries Limited,

as our proxy or* ................................................................................................................................................................

Name and Address of Proxy

as my/our proxy, to vote for me/us and on my/our behalf at the General Meeting of the Company to be held at 1st and 2nd Floors, Elizabeth House, Les Ruettes Brayes, St Peter Port, Guernsey, GY1 1EW on Tuesday 3rd March 2020 at

11.00 GMT and at any and every adjournment therefore, and direct that my/our proxy will vote (or withhold from voting) as indicated on the specified resolution. On any other business which may properly come before the Meeting (including any motion to amend a resolution or to adjourn the Meeting) the proxy will act at his/her discretion.

Item Special Resolution

For

Against

Withheld

1 THAT the cancellation of the admission of the ordinary shares of no par value in the capital of the Company (Ordinary Shares) to trading on the AIM market operated by the London Stock Exchange plc be and is approved.

Ordinary Resolution

For

Against

Withheld

2 THAT, conditional on the passing of Resolution 1 set out in this notice, the Company be and is hereby generally authorised in accordance with section 315 of the Companies (Guernsey) Law, 2008, as amended (the Companies Law), to make market acquisitions (as defined in section 316 of the Companies Law) of ordinary shares of no par value in the capital of the Company (Ordinary Shares), in connection with the tender offer made by Liberum Capital Limited for Ordinary Shares on the terms set out or referred to in the circular issued by the Company of which this notice forms part (a copy of which was produced to the meeting and initialled by the chairman for identification),of its shares (either for the retention as treasury shares for future resale or transfer or cancellation) PROVIDED THAT:

1. the maximum number of Ordinary Shares hereby authorised to be purchased shall be 148,275,862 (being approximately 33.3 per cent of the shares in issue as at 14 February 2020);
2. the minimum price (exclusive of expenses) which shall be paid for an Ordinary Share shall be €1.45; and
3. unless previously renewed, revoked or varied this authority expires on 30 April 2020 save that the Company may before such expiry make an offer or agreement to purchase Ordinary Shares under this authority which will or may be completed or executed wholly or partly after such expiry and the Company may make a purchase of such shares pursuant to such offer or agreement as if the authority had not expired.

PLEASE INDICATE WITH AN X IN THE SPACES ABOVE HOW YOU WISH FOR YOUR VOTE TO BE CAST ON THE RESOLUTION AND THEN SIGN BELOW

If this proxy is returned without an indication as to how your proxy shall vote on the resolution/s, your proxy may exercise his/her discretion as to whether, and if so, how he/she votes. Your proxy may not vote on a show of hands.

If a corporate shareholder, please execute below:

For and on behalf of ........................................................................................................................................................

Full Name of Company

Signature ..........................................................................	Signature ................................................................................
Name: ...............................................................................	Name: .....................................................................................
Capacity: ..........................................................................	Capacity: ................................................................................
Date: .................................................................................	Date: .......................................................................................

If an individual shareholder, please execute below:

Signature ..........................................................................

Name: ...............................................................................

Date: .................................................................................

Perivan Financial 257933

*If you wish to appoint any person other than the Chairman, or failing him/her a duly appointed representative of C.L. Secretaries Limited, as proxy, delete "the Chairman, or failing him/her, a duly appointed representative of C.L. Secretaries Limited, as our proxy *or" and insert the name and address of the person preferred in the section provided. Any such alteration must be initialled by the ordinary shareholder appointing such a person. A proxy need not be a shareholder of the Company.

In the case of a joint holder, the vote of the first named in the register of members of the Company who tenders a vote shall be accepted to the exclusion of the other joint holder/s.

In the case of a corporation, the proxy must be appointed under its common seal, common signature or under the hand of an officer or attorney duly authorised.

Please complete, sign and return the Form of Proxy as soon as possible in accordance with the instructions noted above and in the accompanying notes, whether or not you intend to be present at the General Meeting. Forms of Proxy should be returned so as to be received by Link Asset Services, PXS, The Registry, 34 Beckenham Road, Beckenham, Kent, BR3 4TU, United Kingdom, as soon as possible and in any event no later than 48 hours before the time appointed for holding the GM, that is to say, no later than 11:00 a.m. GMT on Sunday 1st March 2020.

Completion and return of this proxy will not preclude a member/s from attending the General Meeting in person, should they wish to do so.

Any member wishing to attend the General Meeting in person is kindly requested to inform the Company Secretary of your attendance by email to [e-mail] or by telephone on [phone].

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Business Reply Plus

Licence Number

Licence Number

RLUB-TBUX-EGUC

RLUB-TBUX-EGUC

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