17 August 2017

Empiric Student Property plc

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

Notification of Transaction of a Director

Further to the announcement on 11 August 2017, the Board of Empiric Student Property plc (ticker: ESP), the owner and operator of premium student accommodation across the UK, announces that Paul Hadaway and Tim Attlee, Directors of the Company, have each sold 130,521 ordinary shares in the Company ("Ordinary Shares") at a price of 111.5 pence per share. The proceeds of these transactions will be used to fund the tax and national insurance liabilities resulting from their exercise of vested nil-cost options pursuant to the Empiric Student Property Plc 2014 Long Term Incentive Plan (the "Exercise").

This notification is made in accordance with Article 19 of the Market Abuse Regulations and further details required under Article 19(6) are set out in the Appendix below.

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, nominated or leased student accommodation across the UK. Investing in both operating and development assets, Empiric is a multi-niche student property company focused on, (i) providing good quality first year accommodation managed through its Hello Student® operating platform in partnership with universities, (ii) offering a variety of second and third year purpose built accommodation options for individual students and those wanting a group living environment, and (iii) continuing to expand the Group's existing premium, studio-led accommodation portfolio which is attractive to international and postgraduate students.

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.

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