Placing and Open Offer

Unite Group PLC
21 August 2002

Date:               21 August 2002

On behalf of:       UNITE Group plc



THE UNITE GROUP PLC - ADMISSION TO LISTING AND TO TRADING

Not for release, distribution or publication in whole or on part in or into the
United States, Canada, the Republic of Ireland, Japan or Australia

The Board of The UNITE Group plc, the UK's leading specialist provider of
student and NHS key worker accommodation services, is pleased to announce that
earlier today 32,857,143 new Ordinary Shares were admitted to listing and to
trading and that the Placing and the Open Offer have now become unconditional in
all respects. As a result, the Company now has 107,604,772 Ordinary Shares in
issue.

Terms defined in the prospectus dated 24 July 2002 in relation to the Placing
and the Open Offer have the same meaning in this announcement.

Enquiries:

UNITE

Nicholas Porter, Chief Executive Officer      [phone]

Simon Bernstein, Chief Financial Officer

UBS Warburg

Michael Meade                                 [phone]

Edmund Craston

Redleaf Communications

Emma Kane                                     [phone]/ 07734 603381

This announcement does not constitute, or form part of, an offer or solicitation
of an offer to sell or issue shares or other securities, in any jurisdiction.
The Placing and the Open Offer have only been made on the basis of information
contained in the prospectus dated 24 July 2002.

The making of an offer in, or to residents or citizens of, certain jurisdictions
other than the United Kingdom ('Overseas Shareholders'), may be restricted by
the laws of the relevant jurisdictions. Overseas Shareholders should inform
themselves about and observe any such applicable legal requirements in their
respective jurisdictions.

The New Ordinary Shares have not been and will not be registered under the
Securities Act and may not be offered or sold in the United States or to, or for
the account or benefit of, U.S. persons (as such term is defined in Rule 902
under the Securities Act) except pursuant to an exemption from such
registration. Notwithstanding the foregoing, no Offer Shares will be offered or
will be sold pursuant to the Open Offer in the United States or to, or for the
account or benefit of, U.S. persons (as such term is defined in Rule 902 under
the Securities Act). Copies of this announcement are not being, and should not
be, distributed in or sent into the United States.

UBS Warburg is acting for UNITE and no one else in connection with the
transaction and will not be responsible to any other person for providing the
protections afforded to its clients or for providing advice in relation to the
transaction.






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