Xior Student Housing

M&A Activity • Jun 9, 2016

PRESS RELEASE

9 June 2016 – Embargo until 7:00 (CET)

Regulated information

Xior Student Housing enters into agreement on the acquisition of 69 student rooms in Brussels

Investment value of approximately 8.41 million euros

Antwerp, Belgium – 9 June 2016 – Xior Student Housing NV, the Belgian real estate investment trust (BE-REIT) specialised in student housing in Belgium and the Netherlands, has signed an agreement on the acquisition of 69 student rooms in the heart of Brussels. This transaction has an investment value of approximately 8.41 million euros. The acquisition is scheduled for 2017, with the rental of the rooms from the 2017-2018 academic year.

Agreement on the acquisition of 69 units in the heart of Brussels

Xior has entered into an agreement on the acquisition of a student residence located on Lakensestraat in the centre of Brussels. Xior will acquire 69 furnished units comprising 39 individual en-suite student units with own bathroom (shower, toilet and wash basin) and kitchenette, and 30 en-suite units with own bathroom.

The buildings are located at the heart of the capital, surrounded by various public transport facilities within walking distance (Brussels-North railway station, tram/bus/metro-stops) and close to several educational institutions (Vlerick Business School, Odisee Campus, Université Saint Louis).

This acquisition marks Xior's first step into the largest student city in Belgium, with an estimated 100,000 students, where demand for high-quality student housing is very high.

This project will be acquired in 2017. These new buildings are currently under construction, and are expected to be completed for the 2017-2018 academic year.

PRESS RELEASE

9 June 2016 – Embargo until 7:00 (CET)

Regulated information

This acquisition has an investment value of approximately 8.41 million euros, and the (furnished) property is expected to achieve a total annual rent of approximately 463kEUR. The transaction is subject to a number of customary conditions.

This project is being redeveloped by L.I.F.E. NV, with whom Xior recently also entered into an agreement on the acquisition of 143 student units in Maastricht¹ .

Christian Teunissen, CEO of Xior: "The acquisition of these 69 brand-new units in the pentagon of Brussels marks the first step in the expansion of our real estate portfolio into the largest student city in Belgium."

For more information, please contact:

Xior Student Housing NV Mechelsesteenweg 34, box 108 2018 Antwerp www.xior.be | info@xior.be

Christian Teunissen, CEO Frederik Snauwaert, CFO Arne Hermans, CIO T +32 3 257 04 89

About Xior Student Housing

Xior Student Housing NV is the first Belgian public regulated real estate company (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 shared 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 will feel at home right away.

Xior Student Housing has been accredited as a public RREC under Belgian law since 24 November 2015. Xior Student Housing's shares have been listed on Euronext Brussels (XIOR) since 11 December 2015. On 31 March 2016, Xior Student Housing had a property portfolio worth approximately 206 million euros. More information is available at www.xior.be.

Xior Student Housing NV, Public RREC under Belgian law (BE-REIT) Mechelsesteenweg 34, box 108, 2018 Antwerp (Belgium) BE 0547.972.794 (Antwerp Company Register, Antwerp department)

PRESS RELEASE

9 June 2016 – Embargo until 7:00 (CET)

Regulated information

Disclaimer

This press release contains forward-looking information, projections, convictions, opinions and estimates produced by Xior in relation to the expected future performance of Xior and of the market in which it is active ('forward-looking statements'). By nature, forward-looking statements involve inherent risks, uncertainties and assumptions, both general and specific, that appear justified at the time at which they are made but which may or may not turn out to be accurate, and there is a risk that the forward-looking statements will not be realised. Some events are difficult to predict and may depend on factors outside of Xior's control. In addition, the forward-looking statements are only valid on the date of this press release. Statements in this press release relating to past trends or activities may not be interpreted as an indication that such trends or activities will persist in future. Neither Xior nor its representatives, officers or advisers can guarantee that the parameters upon which the forward-looking statements are based are free of errors, nor can they indicate, guarantee or predict whether the expected results set out in such a forward-looking statement will ultimately be achieved. Actual profits, the financial situation and Xior's performance or results may therefore differ substantially from the information projected or implied in forward-looking statements. Xior expressly declines any obligation or guarantee to publicly update or review forward-looking statements unless it is required to do so by law. This press release has been prepared in Dutch and has been translated into English and French. In case of discrepancies between the different versions of this press release, the Dutch version will prevail.