Unite Regulatory News (UTG)

THE UNITE GROUP PLC (the "Company")

14 May 2021

RESULTS OF SCRIP DIVIDEND ELECTION - 2020 FINAL DIVIDEND

Scrip Scheme elections were received in respect of 70,854,836 shares representing a take up of approximately 17.79% of the Company's share capital. This will result in the issue of 746,379 new ordinary shares (approximately 0.19% of the current issued share capital). These shares will be issued at a price of 1,128.30 pence each and will rank pari passu in all respects with the Company's existing issued ordinary shares.

Applications will be made to the UK Financial Conduct Authority for these shares to be admitted to the Premium Segment of the Official List and to the London Stock Exchange for these shares to be admitted to trading on the Main Market for listed securities. It is expected that admission will occur on 21 May 2021.

Following the issue of these shares, the total number of shares in issue and voting rights in the Company will be 398,978,320 with effect from 21 May 2021. This may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Share certificates will be posted to certificated shareholders who elected for scrip dividend shares and shareholders holding shares in CREST, who elected for scrip dividend shares, will have their CREST accounts credited directly on 21 May 2021.

Details of the scrip scheme can be found on the Company's website at www.unite-group.co.uk/investors/scrip-dividend-scheme.

-ENDS-

For further information, please contact:

Unite Students

Christopher Szpojnarowicz, Company Secretary Tel: +44 117 302 7120

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