GCP STUDENT LIVING PLC (the "Company")

Result of General Meeting

On 27 April 2015, the Board of Directors of the Company published a circular
with recommended proposals to amend the Company's investment objective and
policy, adopt new articles of association and grant the Directors authority to
allot C Shares and to disapply pre-emption rights in respect of 130 million
C Shares (the "Circular").

The Company is pleased to announce that, at the General Meeting held today, all
resolutions were unanimously passed on a show of hands.

Resolution 1 (ordinary resolution): To adopt the proposed changes to the
investment objective and policy, as set out in the Circular.

Resolution 2 (special resolution): To adopt the new articles of association of
the Company produced to the meeting in substitution for and to the exclusion of
the existing articles of association.

Resolution 3 (ordinary resolution): To authorise the Directors to allot up to
130 million C shares pursuant to section 551 of the Companies Act 2006.

Resolution 4 (special resolution): To authorise the Directors to allot C shares
for cash pursuant to section 570 of the Companies Act 2006 otherwise than in
accordance with statutory pre-emption rights.

The proxy votes received in relation to these resolutions were as follows:

Resolutions              Votes For   Votes Against      Votes at         Votes
                                                      Chairman's      Withheld
                                                      Discretion

Resolution 1            49,492,773               0        53,199             0

Resolution 2            49,492,773               0        53,199             0

Resolution 3            49,492,773               0        53,199             0

Resolution 4            49,492,773               0        53,199             0

A copy of the resolutions will be submitted to the National Storage Mechanism
and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM

20 May 2015


For further information please contact:

Gravis Capital Partners LLP

Tom Ward             tom.ward@gcpuk.com          020 7518 1496

Cenkos Securities plc

Dion Di Miceli       ddimiceli@cenkos.com         020 7397 1921
Tom Scrivens         tscrivens@cenkos.com         020 7397 1915

Buchanan

Charles Ryland       charlesr@buchanan.uk.com     020 7466 5000
Sophie McNulty       sophiem@buchanan.uk.com