NATIONAL STORAGE REIT — Director's Dealing 2016

Jul 4, 2016

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of 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 30/09/01 Amended 01/01/11

Name of entity National Storage REIT comprising National Storage Holdings Limited and 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.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Andrew Catsoulis
Date of last notice	19 August 2015

Part 1 - Change of director’s relevant interests in securities 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.

	Direct or indirect interest	Direct or indirect interest	Direct or indirect interest	Direct or indirect interest	Direct and Indirect	Direct and Indirect	Direct and Indirect	Direct and Indirect
	Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevant				Through A & K Catsoulis Pty Ltd <A & KCatsoulis Superannuation Fund>Mr Catsoulis is a director and shareholder ofthe Trustee and a beneficiary of the A & KCatsoulis Superannuation Fund.
	interest.				thC	e Trusteeatsoulis Su	and a beneficiary of the A &perannuation Fund.
	D f
	ate o c	ange			3	June 201	6

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	A & K Catsoulis Pty Ltd <A & K Catsoulis
	Superannuation Fund> 707,182
	Andrew Catsoulis and Mrs Karen Ellen
	Catsoulis 533,900
	Stow Away Self Storage Pty Ltd (ACN 076
	331 961) as trustee for the Catsoulis Family
	Trust – 1,811,224 fully paid ordinary Stapled
	Securities
	Stow Away Self Storage Pty Ltd (ACN 076
	331 961) as trustee for the Catsoulis
	Development Trust – 3,469,388 fully paid
	ordinary Stapled Securities
	Storcat Pty Ltd (ACN 131 843 000) as
	trustee for the Andrew Catsoulis Family
	Trust – 6,173,469 fully paid ordinary Stapled
	Securities
Class	Ordinary Stapled Securities
Number acquired	70,000
Number disposed	70,000
Value/Consideration	$116,200
Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change	A & K Catsoulis Pty Ltd <A & K Catsoulis
	Superannuation Fund> 777,182
	Andrew Catsoulis and Mrs Karen Ellen
	Catsoulis 463,900
	Stow Away Self Storage Pty Ltd (ACN 076
	331 961) as trustee for the Catsoulis Family
	Trust – 1,811,224 fully paid ordinary Stapled
	Securities
	Stow Away Self Storage Pty Ltd (ACN 076
	331 961) as trustee for the Catsoulis
	Development Trust – 3,469,388 fully paid
	ordinary Stapled Securities
	Storcat Pty Ltd (ACN 131 843 000) as
	trustee for the Andrew Catsoulis Family
	Trust – 6,173,469 fully paid ordinary Stapled
	Securities
Nature of change	Off-market trade
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of 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	N/A
Nature of interest
Name of registered holder(if issued securities)
Date of change
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract in relationto which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation
Interest after change

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3