ABACUS STORAGE KING — Major Shareholding Notification 2023

Nov 16, 2023

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme National Storage REIT (ASX:NSR) ACN/ARSN National Storage REIT comprising National Storage Holdings Limited (ACN 166 572 845) and National Storage Financial Services Limited (ACN 600 787 246) as responsible entity for the National Storage Property Trust (ARSN 101 227 712)

1. Details of substantial holder

Name Abacus Storage King (ASX: ASK) (the staple comprising Abacus Storage Operations Limited (ACN 112 457 075) and Abacus Storage Funds Management Limited (ACN 109 324 834) ATF Abacus Storage Property Trust and Calculator ACN/ARSN (if applicable) Australia Pty Limited (ACN 135 249 848) and their related bodies corporate (together the "Abacus Storage King Entities") There was a change in the interests of the substantial holder on 16/11/2023 The previous notice was given to the company on 13/04/2023 The previous notice was dated 13/04/2023

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate had a relevant interest in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

	Previous	notice		Present notice	Present notice
Class of securities
	Person’s votes		Voting power	Person’s votes		Voting power
Stapled Ordinary Securities	95,368,805		7.16%	75,381,254		5.54%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date ofchange	Person whoserelevant interestchanged	Natureofchange	Considerationgiven in relationto change	Class andnumber ofsecuritiesaffected	Person’s votesaffected
			AUD	Ordinary StapledSecurities
16/11/2023	Abacus Storage King Entities	SELL	44,000,000.00	20,000,000	20,000,000
26/04/2023	Abacus Storage King Entities	BUY	30,002.09	12,449	12,449

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder ofrelevantinterest	Registeredholder ofsecurities	Personentitledto beregistered	Nature ofrelevantinterest	Class andnumber ofsecurities	Person’s votes
Abacus StorageKing Entities	Perpetual TrusteeCompany Limited ACFAbacus StorageProperty Trust	Abacus StorageFundsManagementLimited ATFAbacus StorageProperty Trust	Deemed relevant interestvia control of AbacusStorage FundsManagement Limited ATFAbacus Storage PropertyTrust under section608(3)(b) of theCorporations Act	75,381,254 OrdinaryStapled Securities	75,381,254

5. Changes in association

The persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
N/A	N/A

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Abacus Storage King Entities other thanCalculator Australia Pty Limited	Level 13, 77 Castlereagh Street, Sydney, NSW 2000
Calculator Australia Pty Limited	Deloitte Private Pty Limited Tower 2 Brookfield, 123 St Georges Terrace, Perth, WA, 6000

Signature

print nameLUCY SPENCELEY	capacity	COMPANY SECRETARY
sign here	date	17/11/2023