NATIONAL STORAGE REIT — Director's Dealing 2013

Dec 23, 2013

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public. Introduced 30/9/2001.

Name of entity National Storage Holdings Limited APN National Storage Property Trust ACN 166 572 845 ARSN 101 227 712

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Andrew Catsoulis
Date of appointment	In relation to National Storage Holdings Limited, 1 November 2013.

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Number & class of securities

Mr Andrew Catsoulis and Mrs Karen Ellen Catsoulis, 397,900 fully paid ordinary Stapled Securities

• See chapter 19 for defined terms. Appendix 3X Page 1

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of Number & class of Securities interest

Note: Provide details of the circumstances giving rise to the relevant interest.

Stow Away Self Storage Pty Ltd 1,811,224 fully paid ordinary Stapled Securities (ACN 076 331 961) as trustee for (currently subject to voluntary escrow the Catsoulis Family Trust (Mr arrangements) Catsoulis is a director and company secretary for Stow Away Self Storage Pty Ltd and a potential discretionary beneficiary of the Catsoulis Family Trust) 3,469,388 fully paid ordinary Stapled Securities Stow Away Self Storage Pty Ltd (currently subject to voluntary escrow (ACN 076 331 961) as trustee for arrangements) the Catsoulis Development Trust (Mr Catsoulis is a director and company secretary for Stow Away Self Storage Pty Ltd and a potential discretionary beneficiary of the Catsoulis Development Trust) 6,173,469 fully paid ordinary Stapled Securities Storcat Pty Ltd (ACN 131 843 000) as trustee for the Andrew Catsoulis (currently subject to voluntary escrow arrangements) Family Trust (Mr Catsoulis is a director and shareholder of Storcat Pty Ltd and a potential discretionary beneficiary of the Catsoulis Family Trust) A & K Catsoulis Pty Ltd as trustee for the A & K Catsoulis 695,182 fully paid ordinary Stapled Securities Superannuation Fund (Mr Catsoulis is a director and shareholder of A & K Catsoulis Pty Ltd and a beneficiary of the A & K Catsoulis Superannuation Fund).

Part 3 – Director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

• See chapter 19 for defined terms.

Appendix 3X Page 2

Appendix 3X Initial Director’s Interest Notice

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
No. and class of securities to which interest relates	N/A

• See chapter 19 for defined terms. Appendix 3X Page 3