Dividend Declaration and Net Asset Value

GCP Student Living plc (the "Company") Dividend Declaration and Net Asset Valuation The Board of the Company is pleased to announce an interim dividend of 2.0pence per Ordinary Share, for the period from 20 May 2013 to 30 September 2013.The interim dividend will be paid on 5 December 2013 to shareholders on theregister as at 15 November 2013. The dividend will be paid as a REIT PropertyIncome Distribution (PID) in respect of the Group's tax exempt property rentalbusiness. As at close of business on 30 September 2013, the audited net asset value perOrdinary Share of the Company was 101.94 pence. 1 November 2013 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 5000Sophie McNulty [email protected] About GCP Student Living plc The Company is the first student accommodation REIT in the UK. The Companyinvests in modern, purpose-built, private student residential accommodation andteaching facilities, initially branded and operated by Scape Student Living.Facilities will be located primarily in and around London where the InvestmentManager believes the Company is likely to benefit from supply and demandimbalances for student residential accommodation. The Company's first asset, Scape East, is located directly opposite Queen MaryUniversity of London, one of London's leading universities with c.17,000students and Russell Group status. International students will be a specifictarget as they are the growth engine of UK Higher Education sector,particularly in London. Scape East is primarily occupied by internationalstudents and offers new high specification facilities and hotel-level conciergetype services which are attractive to overseas students. The Company will only acquire properties once they are completed and generatingincome.