Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 1. Identity of the issuer or the underlyingissuer of existing shares to which voting rights GCP Student Living plcare attached: 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 whichmay result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effectto qualifying financial instruments An event changing the breakdown of voting rights Other (please specify): 3. Full name of person(s) subject to CCLA Investment Management Ltd the notification obligation: 4. Full name of shareholder(s) CBF Church of England Investment Fund(if different from 3.): 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 15 May 2013on which the threshold is crossed orreached:

6. Date on which issuer notified: 17 May 2013 7. Threshold(s) that is/are crossed 15% or reached: 8. Notified details:

A: Voting rights attached to shares

Class/type Situation previous Resulting situation after the triggeringof to the triggering transactionshares transaction Number Number Number Number of voting % of votingif possible of of of shares rights rightsusing Shares Votingthe ISIN Rights Direct Direct Indirect Direct IndirectCODE B8460Z4 Nil Nil Nil Nil 10,500,000 Nil 15.00%Ordinary B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of financial Expiration Exercise/ Number of voting % of votinginstrument date Conversion Period rights that may be rights 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 10,500,000 15.00%

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 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