Self Storage Group ASA - Acquisition of property in Grimstad, Norway

06 Dec 2022 16:14 CET

(Oslo, December 6th 2022) Self Storage Group ASA (Self Storage Group, OSE:SSG)
has entered into an agreement to acquire a property in Grimstad, Norway. The
transaction has a value of NOK 10,2 million and the property has a potential
lettable area of 850 square meters. The facility is projected to open in Q2 2023
and will be operated under the OK Minilager brand.

"We are pleased to announce the acquisition of this property, which will be our
2[nd] facility in Grimstad. With this acquisition we strengthen our market
leading position in the Agder region. Following the acquisition, SSG will have a
total of 15 facilities in operations and under development in the region.

This acquisition is in line with our strategy to grow our freehold portfolio in
selected markets. The demand for self-storage is growing, and the demand has
proven to be resilient during previous recessions. Especially urbanization and
smaller living spaces are causing an increasing need for external storage
solutions" says Fabian Søbak", Chief Executive Officer of Self Storage Group.

Self Storage Group ASA engages in the business of renting out self-storage units
to both private individuals and businesses through the two concepts; OK
Minilager and City Self-Storage. The company is one of the leading self-storage
providers in Scandinavia with a particularly strong position in the Norwegian
market. Self Storage Group operates 133 facilities across Scandinavia with a
current lettable area of 182 600 square meters as of Q3 2022.

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