NATIONAL STORAGE REIT — Director's Dealing 2018

Feb 13, 2018

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	25 November 2016

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 and indirect

Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.

Through A & K Catsoulis Pty Ltd <A & KCatsoulis Superannuation Fund>Mr Catsoulis is a director and shareholderof the Trustee and a beneficiary of the A &K Catsoulis Superannuation Fund.Through Storcat Pty Ltd as trustee for theAndrew Catsoulis Family Trust. MrCatsoulis is a director and shareholder ofthe Trustee and a beneficiary of theAndrew Catsoulis Family Trust.Through Stow Away Self Storage Pty Ltdas trustee for the Catsoulis Family Trust.Mr Catsoulis is a director and shareholderof the Trustee and a beneficiary of theTrust.Through Stow Away Self Storage Pty Ltdas trustee for the Catsoulis DevelopmentTrust. Mr Catsoulis is a director andshareholder of the Trustee and abeneficiary of the Trust.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Date of change	9 February 2018
No. of securities held prior to change	A & K Catsoulis Pty Ltd <A & K CatsoulisSuperannuation Fund> 973,764Andrew Catsoulis and Mrs Karen EllenCatsoulis 463,900Stow Away Self Storage Pty Ltd (ACN 076331 961) as trustee for the Catsoulis FamilyTrust – 1,811,224 fully paid ordinaryStapled SecuritiesAlex Queensland Pty Ltd (ACN 616 345423)astrusteefortheCatsoulisDevelopment Trust – 2,932,388 fully paidordinary Stapled SecuritiesStorcat Pty Ltd (ACN 131 843 000) astrustee for the Andrew Catsoulis FamilyTrust – 7,210,469 fully paid ordinaryStapled Securities
Class	Fully paid ordinary Stapled Securities
Number acquired	10,035
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$15,000
No. of securities held after change	A & K Catsoulis Pty Ltd <A & K CatsoulisSuperannuation Fund> 973,764Andrew Catsoulis and Mrs Karen EllenCatsoulis 473,935Stow Away Self Storage Pty Ltd (ACN 076331 961) as trustee for the Catsoulis FamilyTrust – 1,811,224 fully paid ordinaryStapled SecuritiesAlex Queensland Pty Ltd (ACN 616 345423)astrusteefortheCatsoulisDevelopment Trust – 2,932,388 fully paidordinary Stapled SecuritiesStorcat Pty Ltd (ACN 131 843 000) astrustee for the Andrew Catsoulis FamilyTrust – 7,210,469 fully paid ordinaryStapled Securities

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Nature of change Acquisition of securities through Security Example: on-market trade, off-market trade, exercise of options, Purchase Plan announced on issue of securities under dividend reinvestment plan, participation in buy-back 13 December 2017

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 contractNature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuationInterest after change

N/A

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?If so, was prior written clearance provided to allow the tradeto proceed during this period?If prior written clearance was provided, on what date was thisprovided?	NoN/AN/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3