Self Storage Group

Conclusion of independent statement related to the voluntary offer by T-C Storage HoldCo AB for the shares in Self Storage Group ASA

Oslo, 20 October 2023 - Reference is made to the stock exchange announcement

made on 20 September 2023 by Self Storage Group ASA (the "Company", OSE: SSG)

where the Company jointly announced with T-C Storage HoldCo AB (the "Offeror")

an agreement for the Offeror to launch a voluntary cash offer to acquire all of

the issued and outstanding shares in the Company (the "Shares") for NOK 40 per

Share (the "Offer"), and the announcement on 11 October 2023 regarding

commencement of the offer period for the Offer.

The Board of Directors of SSG has unanimously resolved that it has recommended

the shareholders of SSG to accept the Offer.

Pursuant to section 6-16 of the Norwegian Securities Trading Act, the Board of

Directors of SSG shall provide a statement on the Offer. Oslo Børs, in its

capacity as take-over supervisory authority, has decided that the statement

shall be issued by an independent expert and not by the Board of Directors of

SSG, and that such statement can be issued by KWC AS ("KWC") on behalf of the

Company, cf. section 6-16 of the Securities Trading Act.

KWC has issued their statement on the Offer and has in the statement concluded

that the "...terms of the Mandatory Offer are fair from a financial point of

view, and thus represents a full and fair arm's length price for all the

outstanding shares of SSG. The Offer can therefore be recommended to

shareholders on this basis. However, this Statement is not intended to be and

shall not constitute or be construed as a recommendation to individual

shareholders of SSG, as to whether to accept the Offer from the Offeror or not,

and each shareholder remains solely responsible for their own decisions based on

their own circumstances. We recommend that shareholders study the Offer Document

and draw their own conclusions. Furthermore, we recommend that shareholders seek

advice from professional advisers with respect to tax and other consequences of

accepting or not accepting the Offer."

The full statement from KWC is attached to this announcement.

For further information, please contact:

Cecilie Brænd Hekneby, CFO

Phone: +47 992 938 26

This information is subject to the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act

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