Empiric Regulatory News (ESP)

11 August 2017

Empiric Student Property plc

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

Notification of Transaction of a Director

The Board of Empiric Student Property plc (ticker: ESP), the owner and operator of premium student accommodation across the UK, announces that Paul Hadaway and Tim Attlee, Directors of the Company, have each exercised vested nil-cost options over 276,495 ordinary shares in the Company ("Ordinary Shares") pursuant to the Empiric Student Property Plc 2014 Long Term Incentive Plan (the "Exercise"). The Company's employee benefit trust, Empiric Student Property Trustees Limited, yesterday instructed the Company to allot 276,495 Ordinary Shares to each of Mr Hadaway and Mr Attlee.

Prior to the commencement of the Company's closed period (which will commence on the 12 August 2017), both Mr Hadaway and Mr Attlee have provided irrevocable instructions to sell such number of Ordinary Shares as will be required to realise proceeds to fund the tax and national insurance liabilities resulting from the issue of the Ordinary Shares. A further notification regarding the sale of shares will be made in due course.

This notification is made in accordance with Article 19 of the Market Abuse Regulations and further details required under Article 19(6) are set out in the Appendix below.

Issue of Equity and Total Voting Rights

As a result of the Exercise, the Company has issued and allotted a total of 552,990 Ordinary Shares and application will be made for the Ordinary Shares to be listed on the Official List of the Financial Conduct Authority and admitted to trading on the Main Market of the London Stock Exchange on 16 August 2017 ("Admission").

The total number of Ordinary Shares in the Company in issue immediately following Admission will be 602,749,492 each with equal voting rights. This total voting rights figure can be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in the Company under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.

For further information on the Company, please contact:

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, direct-let, nominated or leased student accommodation across the UK. Investing in both operating and development assets, Empiric is a multi-niche student property company focused on, (i) providing good quality first year accommodation managed through its Hello Student® operating platform in partnership with universities, (ii) offering a variety of second and third year purpose built accommodation options for individual students and those wanting a group living environment, and (iii) continuing to expand the Group's existing premium, studio-led accommodation portfolio which is attractive to international and postgraduate students.

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.

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