GCP STUDENT LIVING PLC - Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:                                                   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 result
in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to
qualifying 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 the
notification 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 on
which the threshold is crossed or
reached:                                          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 transaction
of             to the triggering
shares         transaction

               Number         Number      Number     Number of voting        % of  voting rights
if possible    of             of          of shares  rights
using          Shares         Voting
the ISIN                      Rights      Direct     Direct     Indirect     Direct    Indirect
CODE

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 voting
financial      date          Conversion Period     rights that may be      rights
instrument                                         acquired if the
                                                   instrument is
                                                   exercised/ converted.


C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments

Resulting situation after the triggering transaction

Type of       Exercise    Expiration   Exercise/     Number of voting rights      % of voting
financial     price       date         Conversion    instrument refers to         rights
instrument                             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 the
financial 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/A
to hold:

12. Date on which proxy holder will cease to hold                       N/A
voting rights:

13. Additional information:

14. Contact name:                                              Simon Davies

15. Contact telephone number:                                  020 7506 6634