Self Storage Group

M&A Activity • Feb 26, 2018

SSG: Acquisition of new property in Kristiansand, Norway

SSG: Acquisition of new property in Kristiansand, Norway

(Oslo, 26 February 2018) Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire Skibåsen 16 A-B in Kristiansand, Norway, with an estimated lettable area of 880 square meters. The transaction has a property value of NOK 5,75 million and the facility will be operated under the OK Minilager brand. Skibåsen 16 A-B is the Groups 3rd freehold facility in Kristiansand

"With this acquisition we strenghten our position in Kristiansand. The acquisition is in line with our strategy to grow our freehold portfolio in selected markets. There is a growing demand for self storage in Norway, as urbanization and smaller living spaces cause an increasing need for external storage solutions. Skibåsen 16 A-B is located in Sørlandsparken, about 10 kilometers east of the City Centre of Kristiansand. Sørlandsparken is the largest industrial area in the region, with several big-box retailers and Sørlandssenteret, the largest shopping mall in the Nordics", says Martin Nes, Chairman of Self Storage Group.

The facility will be opened during the 3rd quarter of 2018. The transaction is expected to be closed during the first quarter of 2018.

For additional information, please contact:

Cecilie Hekneby, CFO, +47 99 29 38 26

About Self Storage Group|www.selfstoragegroup.no

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 89 sites across Scandinavia with a total lettable area of more than 108,000 square meters.