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 (Ord GBP 0.01) 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 Other (please specify): Change in shares outstanding x 3. Full name of person(s) subject to thenotification obligation: Royal London Asset Management Limited 4. Full name of shareholder(s)(if different from 3.): Registered Shareholder Nominal % HSBC Global Custody Nominees (UK) Ltd 3250000 2.957% 5. Date of the transaction and date onwhich the threshold is crossed orreached: 19/08/14 6. Date on which issuer notified: 20/08/14 7. Threshold(s) that is/are crossed or 3%reached: 8. Notified details: A: Voting rights attached to shares Class/type Situation previous Resulting situation after the triggering transactionof to the triggeringshares transaction Number Number Number Number of voting % of voting rightsif possible of of of shares rightsusing Shares Votingthe ISIN Rights Direct Direct Indirect Direct IndirectCODE GB00B8460Z43 3500000 3500000 3250000 3250000 n/a 2.957% n/a 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 Expiration Exercise/ Number of voting rights % of votingfinancial price date Conversion instrument refers to rightsinstrument period Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights 3250000 2.957% 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: N/A 11. Number of voting rights proxy holder will cease N/Ato hold: 12. Date on which proxy holder will cease to hold N/Avoting rights: 13. Additional information: 14. Contact name: Simon Davies 15. Contact telephone number: 020 7506 6634