Xior Student Housing

Share Issue/Capital Change • Jun 20, 2017

PRESS RELEASE

20 June 2017 – 12:30pm (CET)

Regulated Information – Inside information

Capital increase of approximately EUR 84 million fully subscribed

Results of the Offer and amount payable to holders of non-exercised Irreducible Allocation Rights

Not for distribution, publication or release, directly or indirectly, in or into the United States of America, Canada, Australia, Japan, South Africa or any other country in which such distribution would be unlawful. Other restrictions also apply.

Public Offer for subscription to a maximum of 2,709,416 New Shares in the context of a capital increase in cash within the authorised capital with Irreducible Allocation Rights for max. EUR 83,991,896 fully subscribed

Result of the sale of Scrips

Antwerp, Belgium – 20 June 2017 – Xior Student Housing NV announces the results of the Offer and the amount payable to holders of non-exercised Irreducible Allocation Rights, following the full subscription of the capital increase for the sum of approximately EUR 84 million.

During the Subscription Period with Irreducible Allocation Rights, which ended on 19 June 2017, 2,583,218 New Shares, or 95.3%% of the total number of New Shares offered were subscribed.

All Irreducible Allocation Rights, represented by coupon no. 3, which were not exercised by the end of the Subscription Period, were sold on 20 June 2017 in the form of Scrips in an exempt accelerated private placement with the composition of an order book, as set out in point 6.3.1 of the Securities Note. The Scrips buyers have therefore subscribed to the 126,198 New Shares still available, at the same price and in the same proportion as for the subscription following the exercise of the Irreducible Allocation Rights, i.e. 1 new Share (at EUR 31.00 per New Share) for 2 Irreducible Allocation Rights in the form of Scrips.

The net proceeds from the sale of these Scrips (the "Excess Amount") allocated to holders of nonexercised Irreducible Allocation Rights amount to EUR 2.75 per Irreducible Allocation Right. Xior expects this amount to be available and paid upon presentation of coupon no. 3, in principle, from 27 June 2017.

The gross proceeds from the 100% subscribed New Shares, after the Subscription Period with Irreducible Allocation Rights and the exempt accelerated private placement of Scrips, are EUR 83,991,896. The net proceeds from the Offer (after deduction of the costs of the Offer) are estimated at EUR 81.8 million.

"We wish to thank all of our investors most sincerely for their support. Following the successful IPO in December 2015, the completion of this transaction marks another very important milestone in the company's continuing expansion", said Christian Teunissen, CEO of Xior.

PRESS RELEASE

20 June 2017 – 12:30pm (CET)

Regulated Information – Inside information

Payment and delivery of the New Shares will take place on 22 June 2017. In principle, the New Shares will be admitted to trading on the Euronext Brussels regulated market from the same date.

Trading in the Company's Shares on the Euronext Brussels regulated market was suspended today, 20 June 2017, at the Company's request, from the market opening, in the lead-up to the announcement of the results of the subscription with Irreducible Allocation Rights and the exempt accelerated private placement of the Scrips. Now that this phase has been successfully completed, the Company has requested the lifting of the suspension.

ING Belgium and Bank Degroof Petercam act as Joint Global Coordinators and Joint Bookrunners. KBC Securities and Kempen & Co act as Co-Managers.

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For more information please contact:

Xior Student Housing NV Mechelsesteenweg 34, Box 108 2018 Antwerp www.xior.be

Christian Teunissen, CEO T +32 3 257 04 89

Frederik Snauwaert, CFO T +32 3 257 04 89

About Xior Student Housing

Xior Student Housing NV is the first Belgian public RREC specialising in the student housing segment in Belgium and the Netherlands. Within this property segment, Xior Student Housing offers a variety of accommodation, ranging from rooms with communal facilities to en-suite rooms and fully-equipped studios. Since 2007, as owner-operator, Xior Student Housing has built high-quality, reliable student housing for students looking for the ideal place to study, live and relax. A place with that little bit extra, where every student immediately feels at home.

Xior Student Housing has been accredited as a public RREC under Belgian law since 24 November 2015. Xior Student Housing NV's shares have been listed on Euronext Brussels (XIOR) since 11 December 2015. On 31 March 2017, Xior Student Housing had a property portfolio worth approximately EUR 289 million. More information is available on www.xior.be.

Xior Student Housing NV, Public RREC under Belgian law (BE-REIT) Mechelsesteenweg 34, Box 108, 2018 Antwerp BE 0547.972.794 (Antwerp Register of Legal Entities, Antwerp section)