Empiric Regulatory News (ESP)

23 May 2022

Empiric Student Property plc

("Empiric" or the "Company" or, together with its subsidiaries, the "Group")

DIRECTOR CHANGES

The Board of Empiric Student Property plc (ticker: ESP), the owner and operator of premium student accommodation serving key UK universities, announces the following Board changes.

Lynne Fennah will be stepping down from her role as Chief Financial & Sustainability Officer of the Company to pursue other interests. Lynne will remain in her position until May 2023 to help ensure that an orderly handover takes place. The Board will, with immediate effect, commence a search for her successor.

Lynne joined Empiric in June 2017, as Chief Financial Officer. Over the past five years, she has led the transformation of the business, including an extensive insourcing programme. Lynne also took on the role of Chief Operating Officer and, following Tim Attlee's departure in 2020, additional responsibilities prior to the arrival of Duncan Garrood as Chief Executive Officer in September 2020.

Stuart Beevor, Independent Non-Executive Director and Chair of the remuneration committee of the Company, announced earlier this year that, after six years, he would not be standing for re-election at today's AGM. The Board is well advanced in its process to appoint Stuart's successor and will make an announcement in due course.

Mark Pain, Non-Executive Chairman of Empiric Student Property plc, said:

"On behalf of the Board, I would like to thank Lynne for the significant contribution she has made to Empiric over the last five years. During this time, Lynne has led Empiric's transformation, creating a best-in-class operational platform well-placed to drive profitable growth, and establishing a more robust, resilient, transparent company well-positioned to continue to deliver enhanced shareholder value that is sustainable over the long term. Lynne leaves with our very best wishes for the future.

Stuart has provided valuable insights across all aspects of the Empiric business and particularly in relation to the Company's property assets. He is an exemplar of all that you would want and hope for from an effective Independent Non-Executive Director. The Board will miss his contribution and wishes him our very best."

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

The Company's LEI is 213800FPF38IBPRFPU87.

Further information on Empiric can be found on the Company's website at www.empiric.co.uk.

Notes:

Empiric Student Property plc is a leading provider and operator of modern, predominantly direct-let, premium student accommodation serving key UK universities. Investing in both operating and development assets, Empiric is a fully integrated operational student property business focused on premium studio-led accommodation managed through its Hello Student® operating platform, that is attractive to affluent growing student segments.

The Company, an internally managed real estate investment trust ("REIT") incorporated in England and Wales, listed on the premium listing segment of the Official List of the Financial Conduct Authority and was admitted to trading on the main market for listed securities of the London Stock Exchange in June 2014.