Self Storage Group

Regulatory Filings • Dec 21, 2021

Self Storage Group ASA - Acquisition of new property in Askøy, Norway

Self Storage Group ASA - Acquisition of new property in Askøy, Norway

(Oslo, December 21th 2021) Self Storage Group ASA (Self Storage Group, OSE:SSG)

has entered into an agreement with Mittegetlokale Vestland AS to acquire a

property in Storebotn Næringspark in Askøy, Norway. The transaction has a value

of NOK 12 million. The property has a a potential lettable area of 1050 square

meters. The facility is projected to open in Q4 2022, and will be operated under

the OK Minilager brand.

"The property is located in Askøy, just outside of Bergen. SSG sees a growth

potential in the Greater Bergen region and we are therefore pleased to announce

this investment in Norway's 2[nd] largest city. This acquisition is in line with

our strategy to grow our freehold portfolio in selected markets. There is a

growing demand for our services, as urbanization and smaller living spaces cause

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 126 facilities across Scandinavia with a

current lettable area of 165 300 square meters as of Q3 2021.