Dividend Declaration

17 October 2016

Empiric Student Property plc

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

Dividend Declaration

The Board of Empiric Student Property plc (ticker: ESP), the owner and operator of premium student accommodation across the UK, has declared a dividend of 1.5 pence per Ordinary Share in respect of the quarter ended 30 September 2016, payable on or around 10 November 2016 to Ordinary Shareholders on the register on 28 October 2016. The ex-dividend date will be 27 October 2016.

This dividend will be paid as an ordinary UK dividend ("non-PID").

As set out in the Company's Annual Report and Accounts for the year ended 30 June 2016, the Board is targeting a dividend of 6.1p per share for the 12 months commencing 1 July 2016 (in line with the Company's dividend growth target of not less than RPI).

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, premium student accommodation across the UK and is committed to providing shareholders with regular, sustainable and growing (at least in line with RPI) dividends, together with the potential for capital appreciation over the medium to long term. Investing in both operating and development assets, the Company focuses on quality, with assets generally in prime central locations in top university cities and towns in the UK, attracting international students and/or those studying beyond first year, in particular, postgraduates.

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. The Company is a constituent of the FTSE All Share and FTSE EPRA/NAREIT indices.