SUMMERSET GROUP HOLDINGS LIMITED — Director's Dealing 2021

Jul 22, 2021

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Ongoing Disclosure Notice

Disclosure of Directors and Senior Managers Relevant Interests

Sections 297(2) and 298(2), Financial Markets Conduct Act 2013

To NZX Limited; and
Name of listed issuer:		Summerset Group Holdings Limited
Date this disclosure made:		23 July 2021
Date of last disclosure:		29 March 2021
Director or senior managergiving disclosure
Full name(s):		Scott Grady Scoullar
Name of listed issuer:		Summerset Group Holdings Limited
Name of related body corporate (if applicable):		N/A
Position held in listed issuer:		CEO
Summary of acquisition or disposal of relevant interest (excluding specified derivatives)
Class of affected quoted financial products:		Summerset Group Holdings Limited ordinary shares (NZX Code: SUM)
Nature of the affected relevant interest(s):		Registered and/or beneficial ownership of ordinary shares
For that relevant interest-
Number held in class before acquisition or disposal:		(1) Beneficial ownership of 350 ordinary shares pursuant to a widely held exempt employee share plan under which the shares have not yet vested
		(2) Registered holder and beneficial ownership of 341,176 ordinary shares
Number held in class after acquisition or disposal:		(1) Beneficial ownership of 320 ordinary shares pursuant to a widely held exempt employee share plan under which the shares have not yet vested
		(2) Registered holder and beneficial ownership of 341,279 ordinary shares
Current registered holder(s):		(1) Summerset LTI Trustee Limited
		(2) Scott Grady Scoullar
Registered holder(s)once transfers are registered:		As above
Summary of acquisition or disposal of specified derivatives relevant interest (if applicable) Type of affected derivative: N/A Class of underlyingfinancialproducts: N/A Details of affected derivative- The notional value of the derivative (if any) or the notional amount of underlying financial products(if any): N/A A statement as to whether the derivative is cash settled orphysicallysettled: N/A
		N/A
		N/A
The notional value of the derivative (if any) or the notional amount of underlying financial products(if any):		N/A
A statement as to whether the derivative is cash settled orphysicallysettled:		N/A
Maturitydate of the derivative(if any):		N/A
Expirydate of the derivative(if any):		N/A
Theprice specified in the terms of the derivative(if any):		N/A
Any other details needed to understand how the amount of the consideration payable under the derivative or the value of the derivative is affected by the value of the underlying financial products:		N/A
For that derivative,- Parties to the derivative: If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:
Parties to the derivative:		N/A
If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:		N/A
Details of transactions giving rise to acquisition or disposal
Total number of transactions to which notice relates:		Two
		(1)19 July2021
		(2)23 July2021
		(1) Issue of 73 ordinary shares pursuant to a widely held exempt employee share plan

		(2) Vesting of 103 ordinary shares pursuant to a widely held exempt employee share plan and transfer of those vested shares fromSummersetLTI TrusteeLimited to personal name
Name of any other party or parties to the transaction (if known):		N/A
The consideration, expressed in New Zealand dollars, paid or recieved for the acquisition or disposal. If the consideration was not in cash and cannot be readily by converted into a cash value, describe the consideration:		(1) $13.5340 per share (pursuant to the terms of the employee share plan, the issue price will be funded by Summerset Group Holdings Limited)
		(2)N/A - vesting and transferof vested shares
Numberof financialproducts towhichthe transaction related:		(1)73
		(2)103
If the issuer has a financial products trading policy that prohibits directors or senior managers from trading during any period without written clearance (a closed period) include the following details—
Whether relevant interests were aquired or disposed of during a closed period:		Yes - however the policy does not apply to the issue of securities under an employee share purchase scheme or to the transfer of securitieswhere thereisno changeinbeneficialownership
Whether prior written clearance was provided to allow the aquisition or disposal to proceed duringthe closedperiod:		N/A
Date of theprior written clearance(if any):		N/A

Summary of other relevant interests after acquisition or disposal:

		Summerset Group Holdings Limited ordinary shares (NZX Code: SUM) and fixed rate bonds (NZX Codes: SUM010, SUM020 and SUM030)
		Registered and/or beneficial ownership of ordinary shares; registered and beneficial ownership of options to acquire ordinary shares; and the power to acquire or dispose of, or to control the acqusition or disposal of, fixed rate bonds and ordinary shares (as detailed below)
		(1) Beneficial ownership of 327,109 ordinary shares pursuant to along term incentive planunder whichthe shareshavevested
		(2) Registered and beneficial ownership of 252,645 options to subscribe for ordinary shares pursuant to a share option plan under which the options have not yet vested and become exercisable
		(3) Registered and beneficial ownership of 76,667 options to subscribe for ordinary shares pursuant to a share option plan under which the options have vested and become exercisable
		(4) Power to acquire or dispose of, or to control the acqusition or disposal of, 11,961 ordinary shares
		(5) Power to acquire or dispose of, or to control the acqusition or disposal of, 25,000 SUM010 fixed rate bonds
		(6) Power to acquire or dispose of, or to control the acqusition or disposal of, 40,000 SUM020 fixed rate bonds
		(7) Power to acquire or dispose of, or to control the acqusition or disposal of, 40,000 SUM030 fixed rate bonds
		(1) Summerset LTI Trustee Limited
		(2) Scott Grady Scoullar
		(3) Scott Grady Scoullar
		(4) Donald Lisle Scoullar
		(5) Donald Lisle Scoullar
		(6) Donald Lisle Scoullar
		(7) Donald Lisle Scoullar
Type of derivative:		N/A
Details of derivative,-
The notional value of the derivative (if any) or the notional amount of underlying financial products (if any):		N/A
A statement as to whether the derivative is cash settled or physically settled:		N/A
Maturity date of the derivative (if any):		N/A
Expiry date of the derivative (if any):		N/A
The price's specified terms (if any):		N/A
Any other details needed to understand how the amount of the consideration payable under the derivative or the value of the derivative is affected by the value of the underlying financialproducts:		N/A

For that derivative relevant interest,- Parties to the derivative:

If the director or senior manager is not a party to the derivative, the nature of the relevant interest in the derivative:

N/A N/A N/A

Certification

I certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made.

Signature of director or officer:

Date of signature: or Signature of person authorised to sign on behalf of director or officer: Date of signature: Name and title of authorised person:

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23 July 2021 N/A N/A N/A