Company Profile For The UNITE Group PLC

UNITE Group plc is a developer and manager of student accommodation. The Company provides homes to approximately 36,700 customers from Aberdeen to Plymouth. During the year ended December 31, 2008, it had 99% occupancy across its portfolio. In 2008, the Company operated 36,700 bed spaces across 119 properties. UNITE Group plc acts as co-investing manager of two specialist student accommodation investment vehicles which it established: The UNITE UK Student Accommodation Fund (USAF) and the UNITE Capital Cities joint venture (UCC).

BRIEF: For the fiscal year ended 31 December 2008, UNITE Group plc's revenue increased 85% to £133.6M. Net loss totaled £115.9M, up from £37.5M. Revenues reflect an increase in income from Development segment. Higher loss reflects an increase in administration expenses, higher loss on disposal of property, an increase loss on interest rate swaps and the presence of net valuation losses vs. gains on investment property.