Wells Fargo Facility

On 11 August 2016, USAF No.18 Limited Partnership, acting through its general partner, USAF GP No.18 Limited, as borrower, and a number of subsidiaries of Unite Group plc (the “Company”), as obligors, entered into a term loan facility agreement with Wells Fargo Bank, N.A., London Branch as lender, mandated lead arranger, agent and security trustee, and Wells Fargo Securities International Limited as hedge counterparty. Under this agreement, a £100,000,000 term loan facility was made available for drawing by the borrower.

The facility is to be applied towards the general corporate purposes of Unite (other than certain excluded subsidiaries), financing acquisitions of specific additional properties, and payment of any fees, costs and expenses, stamp registration and other taxes incurred by any obligor in connection with entry into the finance documents relating to the facility.

The facility terminates on the fifth anniversary of the date of this agreement, i.e. 11 August 2021, with the option to extend it by two years, which the lenders may accept in their sole discretion. The availability period for the facility terminates three months prior to the term of the facility.