"We understand how upsetting and disappointing this is for the students.
"The considerable effort they have put into their study and exams has essentially been ruined by this reprehensible criminal act," Prof Squire said.
"We will do all that we can to support the students."
A range of different subjects was involved and the students were at different stages of their courses.
"It is our hope that the scripts will be returned, but at this point we need to put plans in place as this may not occur.
"Therefore, we are making arrangements with the students to prepare for a likelihood that their scripts will not be returned," Prof Squire said.
"We remain hopeful that this crime can be resolved."
Police would not comment further while the matter was before the courts.
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