Acquisition of New Asset

GCP Student Living plc (the "Company") GCP acquires 116 bed student scheme for £13 million GCP Student Living plc, the UK's first REIT focused on student residentialassets, today announces that it has acquired a modern, purpose-built, privatestudent accommodation residence located adjacent to Royal Holloway, Universityof London, in Surrey. The asset comprises 116 bedrooms and is currently fully occupied on 51 weektenancies. Royal Holloway is ranked in 4th place in the world (1st in the UK) in the TimesHigher Education World University Rankings category of 'International Outlook',recognising it as a global university. It is home to more than 9,000 studentsfrom over 100 countries (c.20% from outside the European Union). The asset has been acquired for £13 million, which will be funded through theCompany's existing borrowing facility. Following the acquisition, the Company'sgearing will be approximately 36% of gross assets. The Company has also entered into a forward purchase agreement to acquire thesecond phase of the Royal Holloway scheme. This phase is due for completion forthe 2015/16 academic year and will constitute an additional 100 beds. For further information please contact: Gravis Capital Partners LLPTom Ward [email protected] 020 7518 1496 Cenkos Securities plcDion Di Miceli [email protected] 020 7397 1921 BuchananCharles Ryland [email protected] 020 7466 5000