Portfolio update

GCP STUDENT LIVING PLC The Board is pleased to announce that the Company's initial asset, Scape East,is now fully occupied with respect to the 2013/14 academic year. The averageuplift in the annual rent of the studios as compared with the 2012/13 academicyear is 3.3 per cent. For further information please contact: Gravis Capital Partners LLPTom Ward tom.ward@gcpuk.com 020 7518 1496 Cenkos Securities plcDion Di Miceli ddimiceli@cenkos.com 020 7397 1921