Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 1. Identity of the issuer or the underlying issuer ofexisting shares to which voting rights are attached: GCP Student Living Plc 2 Reason for the notification(please tick the appropriate box or boxes): An acquisition or disposal of voting rights X An acquisition or disposal of qualifying financialinstruments which may result in the acquisition ofshares already issued to which voting rights areattached An acquisition or disposal of instruments withsimilar economic effect to qualifying financialinstruments An event changing the breakdown of voting rights X Other (please specify): 3. Full name of person(s) subject tothe notification obligation: CCLA Investment Management Ltd 4. Full name of shareholder(s) (if different from 3.): CBF Church of England Investment Fund COIF Charities Investment Fund COIF Charities Ethical Investment Fund Diocese of Westminster Equities The LankellyChase Foundation Equities Land Trust Equities Southwell and Nottingham Equity 5. Date of the transaction and date on whichthe threshold is crossed or reached: 17 April 2014 6. Date on which issuer notified: 22 April 2014 7. Threshold(s) that is/are crossed or reached: 15% 8. Notified details: A: Voting rights attached to shares Class/ Situation previous Resulting situation after the triggeringtype of to the triggering transactionshares transaction if possible Number Number Number Number of % of votingusing the of of of shares voting rights rightsISIN CODE Shares Voting Rights Direct Direct Indirect Direct IndirectB8460Z4Ordinary 10,500,000 Nil Nil 10,700,000 Nil 15.264% B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of Expiration Exercise/ Number of voting % of votingfinancial date Conversion rights that may be rightsinstrument Period acquired if the instrument is exercised/ converted. C: Financial Instruments with similar economic effect to Qualifying FinancialInstruments Resulting situation after the triggering transaction Type of Exercise Expiration Exercise/ Number of voting % of votingfinancial price date Conversion rights instrument rightsinstrument period refers to Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights 10,700,000 15.264% 9. Chain of controlled undertakings through whichthe voting rights and/or the financial instrumentsare effectively held, if applicable: Not Applicable Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: 13. Additional information: 14. Contact name: Jackie Fox 15. Contact telephone number: 0207 489 6046