Xior Student Housing : exercises purchase option to acquire 526 self-contained student rooms in Amsterdam and Utrecht

PRESS RELEASE

12 July 2018 - Embargo until 17:40 (CET)

Xior exercises purchase option to acquire 526 self-contained student rooms in Amsterdam and Utrecht

Total investment value of approximately EUR 95 million

Antwerp, Belgium - 12 July 2018 - Xior Student Housing NV, the Belgian real estate investment trust (B-REIT) specialised in student housing in Belgium and the Netherlands, has signed a purchase agreement exercising its purchase option on two student complexes located in Amsterdam and Utrecht, thereby strengthening its position in two of the top three student cities in the Netherlands. The transaction has an expected total investment value of approximately EUR 95 million, and will involve the acquisition of 100% of the shares in the relevant real estate companies. The actual acquisition, which remains subject to due diligence and a number of customary conditions precedent is planned to take place in the autumn of 2018.

Karspeldreef, Amsterdam

Rotsoord, Utrecht

Exercise of purchase option on 526 student rooms in Amsterdam and Utrecht

Xior has signed a purchase agreement exercising its purchase option on two sites located at Karspeldreef in Amsterdam and at Rotsoord in Utrecht, respectively.1

This will enable Xior to continue its growth strategy in the Netherlands and strengthen its position in two of the top three student cities in the Netherlands, where the need for quality student housing is very high.

Xior will acquire the properties by buying 100% of the shares in the relevant real estate companies. The price of the shares in the companies is based on the investment value of the property held by the relevant companies, which is derived from the rental values.

The expected total investment value will be (partly in function of further adjustments during the development of the project, of the number of units and the expected rental values) approximately EUR 95 million, while the expected initial return will be approximately 5,8%. Xior expects both projects to generate revenue as from September 2018.

"[…] three of the Netherlands' four largest cities are faced with substantial shortages: over 10,500 units in Amsterdam, almost 4,000 in Utrecht and approximately 4,750 units in Rotterdam. To solve the current shortage, a large number of student units will have to be added to the stock."2

• 1 See also our press release dated 30 May 2018.

• 2 Source: Spotlight | Student Housing - The Netherlands, Savills World Research | Q2 2018 - loosely translated.

12 July 2018 - Embargo until 17:40 (CET)

Student complex in Amsterdam - 320 units

The Amsterdam site, with a long term lease, is located at the Karspeldreef, near Amsterdam Bijlmer Arena Station where the (re)development of 320 independent student units in total is planned. The result will be the largest student complex in the Xior portfolio.

This office building reconversion project consists of 6 connected buildings, each with its own facilities (such as an elevator). The building will also comprise 170 parking spaces.

Student complex in Utrecht - 206 units

The site in Utrecht is located at Rotsoord, where 206 self-contained student units will be developed. The residential spaces will be complemented by a wide range of (commercial) activities, such as restaurants, education and small businesses. The site is located near the Utrecht Vaartsche Rijn train, bus and tram station.

In addition to the self-contained residential studios, which will be spread over two buildings, the so-called 'Klop' building will also be renovated, restoring its original style. The 'Klop' building will be given a commercial purpose, and will therefore contribute to the atmosphere and liveliness of the site. The complex will also offer parking facilities.

Christian Teunissen, CEO of Xior: "The acquisition of these sites will further strengthen Xior's range in two of the largest student cities in the Netherlands. Both projects are perfectly in line with our strategy to further expand our portfolio to include quality, large-scale student housing projects."

For more information about this transaction please contact:

For more information on the rental of student rooms, please contact:

Xior Student Housing NV	Christian Teunissen, CEO	Xior Investor Relations
Mechelsesteenweg 34, box 108	Frederik Snauwaert, CFO	Sandra Aznar
2018 Antwerp	Arne Hermans, CIO	Head of Investor Relations
www.xior.be	[e-mail]	[e-mail]
T [phone]	T [phone]

Xior Student Housing - Amsterdam	Xior Student Housing - Utrecht
[e-mail]	[e-mail]
T [phone]	T [phone]

12 July 2018 - Embargo until 17:40 (CET)

About Xior Student Housing

Xior Student Housing NV is the first Belgian public regulated real estate company specialising in student housing 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, owner and operator Xior Student Housing has built high-quality, reliable student housing offering ideal places 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 regulated real estate company under Belgian law since 24 November 2015. Xior Student Housing shares have been listed on Euronext Brussels (XIOR) since 11 December 2015. On 31 March 2018, Xior Student Housing had a property portfolio worth approx. EUR 512 million. More information is available atwww.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 Register of Legal Entities, Antwerp section)

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.