I develop a microscopic three-cluster model for exotic light nuclei. I use the hyperspherical formalism, associated with the Generator Coordinate Method. This model is well adapted to halo nuclei, since the long-range part of the radial wave functions is accurately reproduced. The core wave functions are described in the shell model, including excited states. This technique provides large bases, expressed in terms of projected Slater determinants. Matrix elements involve sevendimension integrals, and therefore require long calculation times. I apply the model to 11 Li, 14 Be, 15 B, and 17 N described by two neutrons surrounding a 9 Li, 12 Be, 13 B and 15 N core, respectively. The 17 Ne (as 15 O+p+p) and 15 Ne (as 13 O+p+p) mirror nuclei are briefly discussed. I present the spectra and some spectroscopic properties, such as r.m.s. radii or E2 transition probabilities. I also analyze the importance of core excitations.