Self Storage Group

Report Publication Announcement • Nov 20, 2023

Self Storage Group ASA - Cancellation of third quarter 2023 financial reporting

Self Storage Group ASA - Cancellation of third quarter 2023 financial reporting

(Oslo, 20 November 2023) Reference is made to stock exchange announcements from

Self Storage Group ASA (the Company") issued on 9 November 2023, where the

Company announced that the condition in the recommended voluntary offer from T-C

Storage Holdco AB on minimum acceptance had been met, and that settlement of the

offer is scheduled to be made as soon as reasonably possible, and not later than

7 December 2023. As a result of the above, the Company has decided to cancel its

financial reporting for Q3 2023 scheduled for 30 November 2023.

In the absence of Q3 2023, the Company has decided to provide the following

unaudited figures for Q3 2023:

[][]

(Amounts in NOK million) Q3 2023 Q3 2022 YTD 2023 YTD 2022 Full

year

2022

Revenue 107.7 101.9 317.0 291.7 392.2

Lease expenses  (3.1)  (4.0)  (11.0)  (11.6)  (15.5)

Total other operating  (46.7)  (37.5)  (125.6)  (109.1)  (152.1)

expenses

Total adjustments  4.6  -  (2.6)  -  1.0

Adjusted EBITDA  62.5 60.5 177.9 171.1 225.5

Adjusted EBIT  52.6  55.1 156.5 156.2 204.6

Change in fair value of  (97.1)  (121.4)  (119.5)  (117.0)  (147.2)

freehold investment

property

Change in fair value of  (13.7)  (12.3)  (41.0)  (37.1)  (49.3)

leasehold investment

property

Net finance  (20.2)  (9.1)  (70.2)  (2.2)  (17.2)

Adjusted Profit before tax  (78.4)  (87.7)  (74.3)  (0.1)  (9.1)

Adjusted Net Profit  (55.5)  (69.0)  (57.6)  (0.8)  (7.7)

Current lettable area (in 199.6 182.6 199.6 182.6 185.8

thousands m[2])

Lettable area under  37.3  39.2  37.3  39.2  35.8

development (in thousands

m[2])

Number of facilities 144 133 144 133 135

The above numbers are unaudited and reflect estimates as of the date hereof.