DRP Strike Price and AUD FX Rate for 2025 Final Dividend

23/03/2026 09:00 NZDT, OFFER

NZX & ASX RELEASE

23 MARCH 2026

DIVIDEND REINVESTMENT PLAN STRIKE PRICE AND AUD FX RATE FOR 2025 FINAL DIVIDEND

Summerset Group Holdings Limited advises that the strike price for the dividend reinvestment plan (DRP) operating in respect to the dividend payable on 26 March 2026 has been set at NZ$9.4624 per share. The strike price is inclusive of a 2% discount.

This strike price will apply in calculating the number of shares to be issued to participants who have elected to receive additional shares rather than cash.

The strike price has been determined in accordance with the terms of the DRP and is calculated as 98% of the volume weighted average sale price on all price-setting trades for the five trading days to 20 March 2026.

The company also advises that the foreign exchange rate used for the payment of the dividend on 26 March 2026 to Australian investors in AUD has been set at 0.82645.

ENDS

For enquiries:

Robyn Heyman

Company Secretary

robyn.heyman@summerset.co.nz

027 506 5562