NATIONAL STORAGE REIT — Director's Dealing 2014

Nov 20, 2014

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 National Storage Property Trust ABN 166 572 845 101 227 712

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	Steven John Leigh
Date of appointment	In relation to National Storage HoldingsLimited, 21 November 2014

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

N/A

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

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 interestNote: Provide details of the circumstances giving riseto the relevant interest.Vandalay Enterprises Pty Ltd asTrustee for Steven & Donna LeighSuperannuation Fund (Mr Leigh isa director and shareholder ofVandalay Enterprises Pty Ltd and abeneficiary of the Steven & DonnaLeigh Superannuation Fund).	Number & class of Securities63,000 fully paid ordinary Stapled Securities

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.

Detail of contract	Not applicable
Nature of interest	Not applicable
Name of registered holder(if issued securities)	Not applicable
No. and class of securities to whichinterest relates	Not applicable

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002