GCP STUDENT LIVING PLC - Publication of Supplementary Prospectus

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GCP STUDENT LIVING PLC (the "Company")

Publication of Supplementary Prospectus

16 September 2016

The Company announces the publication of a supplementary prospectus approved by the UK Listing Authority (the "Supplementary Prospectus"). The publication of the Supplementary Prospectus is a regulatory requirement under the Prospectus Rules following: -

1. the admission today of all the Company's ordinary shares to a premium listing on the Official List of the UK Listing Authority and to trading on the premium segment of the Main Market of the London Stock Exchange;
2. the publication today of the Company's report and accounts for the 12 month period ended 30 June 2016; and
3. the modification of the Company's investment restrictions to: -
   1. limit the value of any newly acquired single property to 25 per cent. of Gross Assets, calculated as at the time of investment; and
   2. clarify that no less than 75% of the Group's property portfolio will comprise assets which are located in and around London, calculated as at the time of investment.

The Supplementary Prospectus is supplemental to, and should be read in conjunction with, the prospectus published on 29 April 2016 in relation to the Placing Programme (the "Prospectus").

Capitalised terms used in this announcement shall have the same meanings as defined in the Prospectus unless otherwise defined herein.

Copies of the Supplementary Prospectus will shortly be available for inspection at the registered office of the Company, which is situated at 51 New North Road, Exeter, Devon, EX4 4EP.

A copy of the Supplementary Prospectus will be submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM and on the Company's website at http://www.gcpuk.com/gcp-student-living-plc

For further information please contact:

Gravis Capital Partners LLP [phone]

Tom Ward [e-mail]
Nick Barker [e-mail]
Dion Di Miceli [e-mail]

Stifel Nicolaus Europe Limited [phone]

Neil Winward [e-mail]
Mark Young [e-mail]
Tom Yeadon [e-mail]

AboutGCP Student Living plc

The Company was the first student accommodation REIT in the UK. The Company invests in modern, purpose-built, private student residential accommodation and teaching facilities. Its investments are located primarily in and around London where the Investment Manager believes the Company is likely to benefit from supply and demand imbalances for student residential accommodation.

The Company currently owns and operates c.2,000 beds across six properties.

The Company's assets are primarily occupied by international students and offer new high specification facilities and hotel-level concierge type services which the Investment Manager believes are attractive to overseas students.

Important Information

The content of this announcement has been prepared by, and is the sole responsibility of, GCP Student Living plc. The information contained in this announcement is given at the date of its publication (unless otherwise marked) and is subject to updating, revision and amendment from time to time. Neither the content of the Company's website nor any website accessible by hyperlinks to the Company's website is incorporated in, or forms part of, this announcement. The distribution of this announcement into jurisdictions other than the United Kingdom may be restricted by law. Any failure to comply with these restrictions may constitute a violation of the securities laws or regulations of any such jurisdiction. In particular, this announcement should not be distributed, forwarded to or transmitted, directly or indirectly, in whole or in part, in, into or from the United States, Australia, Canada, Japan or the Republic of South Africa or any other jurisdiction where to do so may constitute a violation of the securities laws or regulations of any such jurisdiction. Stifel Nicolaus Europe Limited, which is authorised and regulated by the Financial Conduct Authority, is acting only for the Company in connection with the matters described in this announcement and is not acting for or advising any other person, or treating any other person as its client, in relation thereto and will not be responsible for providing the regulatory protection afforded to clients of Stifel Nicolaus Europe Limited or advice to any other person in relation to the matters contained herein.

None of the Company, Gravis Capital Partners LLP or Stifel Nicolaus Europe Limited, or any of their respective affiliates, accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to this announcement, including the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or for any loss howsoever arising from any use of the announcement or its contents. The Company, Gravis Capital Partners LLP and Stifel Nicolaus Europe Limited, and their respective affiliates, accordingly disclaim all and any liability whether arising in tort, contract or otherwise which they might otherwise have in respect of this announcement or its contents or otherwise arising in connection therewith.