Self Storage Group

M&A Activity • Jul 1, 2019

Self Storage Group ASA: Acquisition of Eurobox Minilager AS completed

Self Storage Group ASA: Acquisition of Eurobox Minilager AS completed

Oslo, 1 July 2019. Reference is made to announcement of 25 June 2019 relating to

the acquisition of Eurobox Minilager AS (the management company of Eurobox in

Norway) and the associated property companies Cron Gruppen AS, Cron Invest AS

and Eurobox Billingstad AS (collectively referred to as "Eurobox" and the

"Eurobox Acquisition").

As set out in the above-mentioned announcement, the Eurobox transaction was

planned to close in two tranches, where the first closing will entail all target

companies other than Eurobox Billingstad AS.

Self Storage Group ASA ("SSG") announces today that the first closing was

successfully completed on 1 July 2019. The closing of the acquisition of Eurobox

Billingstad AS will take place at a later time, following completion of a

statutory demerger of the relevant real property into that legal entity.

As part of the closing, SSG has resolved to issue 3,896,103 consideration shares

to the seller, First Risk Capital AS. Following registration of the

consideration shares, SSGs share capital will be NOK 8,261,722.60 divided into

82,617,226 shares, each with a value of NOK 0.10.

For additional information, please contact:

Cecilie Brænd Hekneby, CFO, +47 99 29 38 26

About Self Storage Group|www.selfstoragegroup.no

Self Storage Group ASA engages in the business of renting out self-storage units

to both private individuals and businesses through the two concepts; OK

Minilager and City Self-Storage. The company is one of the leading self-storage

providers in Scandinavia with a particularly strong position in the Norwegian

market. Self Storage Group ASA operates 102 sites across Scandinavia with a

total lettable area of more than 117 500 m2 as of 31 March 2019.