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 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: Henderson Global Investors 4. Full name of shareholder(s) (if different from 3.): 5. Date of the transaction and date onwhich the threshold is crossed orreached: 28 May 2014 6. Date on which issuer notified: 29 May 2014 7. Threshold(s) that is/are crossed orreached: 10% 8. Notified details: A: Voting rights attached to shares Class/type Situation previous Resulting situation after the triggering transactionof to the triggeringshares transaction if possible Number Number Number Number of voting % of voting rightsusing of of of rightsthe ISIN Shares Voting sharesCODE Rights Direct Direct Indirect Direct IndirectGBP0.01GB00B8460Z43 7,215,000 7,215,000 9,947,500 9.05% 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 votingfinancial date Conversion instrument refers to rightsinstrument period Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights 9,947,500 9.05% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if 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: Balenkosi Dungeni 15. Contact telephone number: 020 7818 3747