Investor Report 31 March 2020

GCP Student Living plc

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

LEI: 2138004J4ID66FK38H25

Investor Report 31 March 2020

GCP Student Living, the UK's first REIT focused on student residential assets, has published its Investor Report for the period to 31 March 2020. The report is available at:

https://www.graviscapital.com/funds/gcp-student/literature

For further information please contact:

Gravis Capital Management Limited  +44 020 3405 8500Nick Barker Dion Di Miceli

Stifel Nicolaus Europe Limited +44 020 7710 7600Mark Bloomfield Mark Young Alex Miller

Buchanan / Quill +44 020 7466 5000Helen Tarbet Henry Wilson

About GCP Student

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. GCP Student's property portfolio comprises eleven assets with c.4,100 beds, including one asset which is under construction. At 31 March 2020, its property portfolio was valued at £986.5 million.