Software for ARM University program DSP Education Kit

The ARM university program education kit (www.arm.com/.../digital-signal-processing) provides teaching materials/example projects on GitHub. And it needs a licensed version of Keil MDK.

I have downloaded Keil MDK 5.43a, added ARM compiler 5 (since the example projects required it) and activated the Community license for MDK. But when building the target, 47 errors came up. As an example,

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Build target 'STM32746G_DISCOVERY'
compiling wm8994.c...
Error: C9555E: Failed to check out a license.
The license file could not be found. Check that ARMLMD_LICENSE_FILE is set correctly.
ARMLMD_LICENSE_FILE is not set. You must set this to the path to your license.
Information about this error is available at: http://ds.arm.com/support/lic87/m1
 General licensing information is available at: http://ds.arm.com/support/licensing/
 If you need further help, provide this complete error report to your supplier or license.support@arm.com.
 - ARMLMD_LICENSE_FILE: unset
 - LM_LICENSE_FILE: unset
 - ARM_TOOL_VARIANT: unset
 - ARM_PRODUCT_PATH: unset
 - Product location: C:\Program Files (x86)\ARM_Compiler_5.06u7\sw\mappings
 - Toolchain location: C:\Program Files (x86)\ARM_Compiler_5.06u7\Bin
 - Selected tool variant: product
 - Checkout feature: compiler5
 - Feature version: 5.0202006
 - Flex error code: -1
Product: ARM Compiler 5.06
Component: ARM Compiler 5.06 update 7 (build 960)
Tool: ArmCC [4d365d]
assembling startup_stm32f746xx.s...
startup_stm32f746xx.s: Error: A9555E: Failed to check out a license.
startup_stm32f746xx.s: The license file could not be found. Check that ARMLMD_LICENSE_FILE is set correctly.
startup_stm32f746xx.s: ARMLMD_LICENSE_FILE is not set. You must set this to the path to your license.
startup_stm32f746xx.s: Information about this error is available at: http://ds.arm.com/support/lic87/m1
startup_stm32f746xx.s:  General licensing information is available at: http://ds.arm.com/support/licensing/
startup_stm32f746xx.s:  If you need further help, provide this complete error report to your supplier or license.support@arm.com.
startup_stm32f746xx.s:  - ARMLMD_LICENSE_FILE: unset
startup_stm32f746xx.s:  - LM_LICENSE_FILE: unset
startup_stm32f746xx.s:  - ARM_TOOL_VARIANT: unset
startup_stm32f746xx.s:  - ARM_PRODUCT_PATH: unset
startup_stm32f746xx.s:  - Product location: C:\Program Files (x86)\ARM_Compiler_5.06u7\sw\mappings
startup_stm32f746xx.s:  - Toolchain location: C:\Program Files (x86)\ARM_Compiler_5.06u7\Bin
startup_stm32f746xx.s:  - Selected tool variant: product
startup_stm32f746xx.s:  - Checkout feature: compiler5
startup_stm32f746xx.s:  - Feature version: 5.0202006
startup_stm32f746xx.s:  - Flex error code: -1
startup_stm32f746xx.s: Product: ARM Compiler 5.06
startup_stm32f746xx.s: Component: ARM Compiler 5.06 update 7 (build 960)
startup_stm32f746xx.s: Tool: ArmAsm [4d35fa]
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We have got donated Development Studio UBL Gold, so I don't know if I should install this and uninstall MDK 5.43? or there exists another solution?

Any feedback is highly appreciated!