Capital increase of approx. EUR 205.7 million fully subscribed. Results of the Offer and the amount payable to holders of Irreducible Allocation Rights that have not been exercised (or have been qualified as such)

Public offering for subscription to a maximum of 4,783,282 New Shares in the context of a capital increase in cash within the authorised capital with Irreducible Allocation Right for a maximum amount of EUR 205,681,126.00. 
 
Result of the sale of Scrips 

Xior Student Housing NV announces the results of the Offer and the amount payable to holders of Irreducible Allocation Rights that have not been exercised or have been qualified as such after the full subscription of the capital increase for an amount of approximately EUR 205.7 million. 
 
During the Subscription Period, which ended on 24 October 2019, 4,451,595 New Shares, or 93.1% of the total number of New Shares on offer were subscribed with Irreducible Allocation Rights. 

All 995,062 Irreducible Allocation Rights, represented by coupon no. 11, which (i) relate to non-exercised Irreducible Allocation Rights at the end of the Subscription Period or (ii) relate to exercised registered Irreducible Allocation Rights at the end of the Subscription Period for which the total Issue Price was not paid on time (and which therefore qualify as non-exercised Irreducible Allocation Rights), were sold on 25 October 2019 in the form of Scrips via an exempted accelerated private placement with the composition of an order book, as described in Chapter 8.1.4 of the Prospectus. The purchasers of the Scrips have therefore subscribed to the 331,687 New Shares still available at the same price and under the same conditions as applicable to the subscription by exercising the Irreducible Allocation Rights, i.e. 1 New Share (at EUR 43.00 per New Share) for 3 Irreducible Allocation Rights in the form of Scrips. The total order book in the accelerated private placement amounted to more than 10 times the number of available New Shares. 
 
The gross proceeds from the 100% subscribed for New Shares are EUR 205,681,126.00 after the Subscription Period with Irreducible Allocation Rights and the exempt accelerated private placement of Scrips. The net proceeds from the Offer (after deduction of the costs of the Offer) are estimated at EUR 201.7 million. 

“We particularly wish to thank all of our investors for making this transaction another successful capital increase. This confirms our investors' confidence in Xior's international expansion strategy. The completion of this transaction marks another very important milestone in the company's further expansion and allows us to continue to pursue our growth strategy with conviction in Iberia and in the Benelux”, Xior CEO Christian Teunissen said. 
 
The net proceeds from the sale of the Scrips minus the costs, expenses and charges of any kind incurred by the Company (the Excess Amount) paid to the holders of Irreducible Allocation Rights that have not been exercised or have been qualified as such are EUR 1.99 per Scrip. Xior expects this amount to be available and paid out on presentation of coupon no. 11 from 4 November 2019. 
 
Payment and delivery of the New Shares is expected to take place on 29 October 2019. In principle, the New Shares will be admitted to trading on the regulated market of Euronext Brussels from the same date. After this transaction, the number of issued Xior shares will rise from 14,349,847 to 19,133,129. 
 
Trading in the Company's shares on the Euronext Brussels regulated market was suspended today, 25 October 2019, 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. 

 
                                                                             ***** 
Belfius Bank, BNP Paribas Fortis and ING Belgium acted as Joint Global Coordinators and Joint Bookrunners, and Kempen and Natixis acted as Co-Lead Managers. 

_{For more information please contact:
Xior Student Housing NV
Mechelsesteenweg 34, box 108
2018 Antwerp
www.xior.be}
 

_{Christian Teunissen, CEO
Frederik Snauwaert, CFO
info@xior.be
T +32 3 257 04 89}

_{Xior Investor Relations
Sandra Aznar
Head of Investor Relations
ir@xior.be
T +32 3 257 04 89}