Unite Regulatory News (UTG)

THE UNITE GROUP PLC (the "Company")

22 April 2021

SCRIP REFERENCE SHARE PRICE - 2020 FINAL DIVIDEND

On 16 March 2021 the Company announced its 31 December 2020 year end results and that it would be paying a 2020 final dividend of 12.75 pence, fully paid as a Property Income Distribution (PID).

The Unite Scrip Dividend Scheme is being offered to shareholders in respect of this PID, with a Scrip Reference Share Price of 1128.30 pence. This Scrip Reference Share Price is calculated by taking the average of the closing middle market quotation for shares in the Company, derived from the London Stock Exchange Daily Official List, for the five consecutive dealing days from 15 April 2021 to 21 April 2021 (inclusive).

The deadline for application for the Scrip Scheme in respect of this dividend is 5 pm (London time) on 29 April 2021. The Scrip Circular and terms and conditions are available on the Company's website at www.unite-group.co.uk/investors.

-ENDS-

For further information, please contact:

About Unite Students

Unite Students is the UK's largest owner, manager and developer of purpose-built student accommodation, serving the country's world-leading Higher Education sector. We provide homes to 74,000 students across 173 properties in 25 leading University towns and cities. We currently partner with over 60 Universities across the UK.

Our people are driven by a common purpose: to provide a 'Home for Success' for the students who live with us. Unite's accommodation is safe and secure, high quality and affordable. Students live predominantly in ensuite study bedrooms, with rents covering all bills, insurance, 24-hour security and high-speed Wi-Fi. We also hold a five-star British Safety Council audit rating.

Founded in 1991 in Bristol, Unite Group is an award-winning Real Estate Investment Trust (REIT), listed on the London Stock Exchange and a member of the FTSE 250 Index. Unite is invested in and operates two specialist funds and joint ventures with institutional investment partners: the £3 billion Unite UK Student Accommodation Fund (USAF) and the £1 billion London Student Accommodation Vehicle (LSAV).

For more information, visit:

Unite's corporate website www.unite-group.co.uk

The student site www.unitestudents.com