Self Storage Group

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

(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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