NATIONAL STORAGE REIT — Director's Dealing 2017

Jul 20, 2017

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 REIT - stapled entity comprising shares in National Storage Holdings Limited and units in National Storage Property Trust

ACN 166 572 845 and 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	Claire Fidler
Date of appointment	18 July 2017

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

Nil

• 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

==> picture [401 x 212] intentionally omitted <==

----- Start of picture text ----- Name of holder & nature of interest Number & class of SecuritiesNote: Provide details of the circumstances giving riseto the relevant interest.The holder is AMG Superannuation 8938 fully paid ordinary stapled securities in NSRFund. The member is Troy Fidler. Thesuperannuation fund is a “memberdirected investment”. The director hasthe capacity to influence the holding.----- End of picture text -----

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.

==> picture [406 x 157] intentionally omitted <==

----- Start of picture text ----- Detail of contract N/ANature of interestName of registered holder(if issued securities)No. and class of securities to whichinterest relates----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002