Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: 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 financial instruments which may resultin the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect toqualifying financial instruments An event changing the breakdown of voting rights x Other (please specify): 3. Full name of person(s) subject to thenotification 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 onwhich the threshold is crossed orreached: 29 May 2014 6. Date on which issuer notified: 29 May 2014 7. Threshold(s) that is/are crossed orreached: 14% 8. Notified details: A: Voting rights attached to shares Class/ Situation previous Resulting situation after the triggering transactiontype of to the triggeringshares transaction if Number Number Number Number of voting % of voting rightspossible of of of shares rightsusing Shares Votingthe ISIN RightsCODE Direct Direct Indirect Direct Indirect B8460Z4Ordinary 10,700,000 15.264% Nil Nil 16,049,999 Nil 14.603% B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of Expiration Exercise/ Number of voting % of votingfinancial date Conversion Period rights that may be rightsinstrument 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 price Expiration Exercise/ Number of voting rights % of voting rightsfinancial date Conversion period instrument refers toinstrument Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights 16,049,999 14.603% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: Not Applicable Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will ceaseto hold: 12. Date on which proxy holder will cease to holdvoting rights: 13. Additional information: 14. Contact name: Jackie Fox 15. Contact telephone number: 0207 489 6046