NATIONAL STORAGE REIT — Director's Dealing 2020

Jun 14, 2020

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	Howard Ewan Brenchley
Date of last notice	25 March 2020

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	Indirect
Nature of indirect interest	Through Holvia Investments Pty Ltd as
(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	trustee for the Holvia SuperannuationFund and as trustee for the Brenchley
	Family Trust. Mr Brenchley is a director
	of the trustee company and a beneficiary
	of the Holvia Superannuation Fund and
	BrenchleyFamilyTrust
Date of change	9 June 2020
No. of securities held prior to change	56,757 through Holvia Investments Pty
	Ltd as trustee for the Holvia
	Superannuation Fund
	30,000 through Holvia Investments Pty
	Ltd as trustee for the Brenchley Family
	Trust
Class	Fully paid ordinary stapled securities
Number acquired	19,109
Number disposed	Nil

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$30,000.00
No. of securities held after change	75,866 through Holvia Investments PtyLtd as trustee for the HolviaSuperannuation Fund30,000 through Holvia Investments PtyLtd as trustee for the Brenchley FamilyTrust
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	Issue of securities under a SecurityPurchase Plan announced by NSR on 5May 2020.

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	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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