Total Voting Rights

GCP Student Living plc (the "Company") 28 May 2014 Total Voting Rights GCP Student Living plc, the UK's first REIT focused on student residentialassets, is pleased to announce the commencement in dealings of its 39,810,427New Shares at 8:00 am today on the London Stock Exchange (Specialist FundMarket) and on the Channel Islands Securities Exchange Authority Limited. In conformity with Disclosure and Transparency Rules, the Company notifies thatfollowing Admission, the issued share capital and voting rights of the Companyare as follows: Class of Total number Number of Total number Number of Total numbershare of shares in voting of voting shares held of shares in circulation rights rights of in treasury issue attached to shares in (carrying no each share circulation voting rights attached until issued) Ordinary 109,910,428 1 109,910,428 0 109,910,4281p shares The above total voting rights figure may be used by shareholders as thedenominator for the calculations by which they will determine whether they arerequired to notify their interest in GCP Student Living plc under the FCA'sDisclosure and Transparency Rules. For further information please contact: Gravis Capital Partners LLP Tom Ward [email protected] 020 7518 1496 Cenkos Securities plc Dion Di Miceli [email protected] 020 7397 1921Tom Scrivens [email protected] 020 7397 1915 Buchanan Charles Ryland [email protected] 020 7466 5000Sophie McNulty [email protected] About GCP Student Living plc The Company is the first student accommodation REIT in the UK. The Companyinvests in modern, purpose-built, private student residential accommodation andteaching facilities, initially branded and operated by Scape Student Living.Facilities will be located primarily in and around London where the InvestmentManager believes the Company is likely to benefit from supply and demandimbalances for student residential accommodation. In total, London has over400,000 students and the largest number of overseas students of any city in theworld, at over 100,000, with international student numbers up by 9% in 2014/15and expected to increase at a similar rate in the years to come. However, withonly c.70,000 beds in purpose-built student accommodation in London, there areinsufficient beds for domestic first year students let alone internationalstudents and postgraduates. The Company's assets are primarily occupied by international students andpostgraduates and offer new high specification facilities and hotel-levelconcierge type services. The Company will only acquire properties once they are completed and generatingincome. Terms used in this announcement shall have the same meanings given to them inthe Prospectus of the Company which was published on 1 May 2014 unless thecontext otherwise requires.