GCP Student Living : Result of General Meeting

Released : 31/01/2017 12:55

                            GCP STUDENT LIVING PLC
                                (the 'Company')

                           Result of General Meeting

On 6 January 2017, the Board of Directors of the Company published a circular
with recommended proposals to grant the Directors authority to allot and to
disapply pre-emption rights in respect of 200 million ordinary shares of one
pence each in the capital of the Company ('Shares') in connection with a share
issuance programme (the '2017 Share Issuance Programme').

The Company is pleased to announce that, at the General Meeting held today, all
resolutions were passed on a show of hands.

Resolution 1 (ordinary resolution): to allot up to 200 million Shares pursuant
to the 2017 Share Issuance Programme in accordance with section 551 of the
Companies Act 2006.

Resolution 2 (special resolution): to authorise the Directors to allot Shares
for cash pursuant to section 570 of the Companies Act 2006 otherwise than in
accordance with statutory pre-emption rights.

The proxy votes received in relation to these resolutions were as follows:

                                                   Votes at
                                                 Chairman's
Resolutions        Votes For  Votes Against      Discretion  Votes Withheld

Resolution 1     104,572,919        494,724         750,519       1,705,654

Resolution 2     104,571,738        494,724         751,700       1,705,654

A copy of the resolutions has been submitted to the National Storage Mechanism
and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM

31 January 2017


For further information please contact:

Gravis Capital Partners LLP

Tom Ward                [e-mail]            020 7518 1490
Nick Barker              [e-mail]
Dion Di Miceli           [e-mail]

Stifel Nicolaus Europe Limited

Neil Winward            [e-mail]          020 7710 7600
Mark Young             [e-mail]
Tom Yeadon            [e-mail]


About GCP Student Living plc

The Company was the first student accommodation REIT in the UK, investing 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 Group has an estimated total asset value of c.£530 million including six
standing assets, providing c.2,000 modern studios and beds, and one
forward-funded development asset which will provide a further c.580 beds on
completion.

The Investment Manager is currently reviewing and conducting due diligence on
assets in the Company's core markets totalling c.2,800 beds and in respect of
which c.980 beds in and around London are under future contractual
arrangements. The Company's standing assets are primarily occupied by
international students and offer high specification facilities and hotel-level
concierge type services which the Investment Manager believes are attractive to
overseas students.