Self Storage Group

Share Issue/Capital Change • Oct 23, 2017

Self Storage Group ASA - Status of bookbuilding

Self Storage Group ASA - Status of bookbuilding

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR

INTO THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG, SOUTH

AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE

DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS

ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF

THE PRESS RELEASE.

Self Storage Group ASA - Status of bookbuilding

Oslo, 23 October 2017: Reference is made to the stock exchange

announcement of 16 October 2017, whereby Self Storage Group

ASA ("SSG" or the "Company", OSE ticker "SSG") announced the

commencement of the initial public offering of its shares (the

"IPO").

Since the start of the application period on 16 September

2017, Arctic Securities AS (the "Manager") has received strong

interest from investors and the book is covered on the full

deal size. The price in the Offering is NOK 14 per share.

Arctic Securities AS is acting as sole global coordinator and

bookrunner in the Offering. Netfonds Bank AS is acting as

placing agent for the retail offering on behalf of the

Manager. Advokatfirmaet Schjødt AS acts as legal counsel for

the Company and Advokatfirmaet CLP DA acts as legal counsel

for the Manager.

Enquiries

Martin Nes, Chairman, +47 92 01 48 14

Cecilie Hekneby, CFO, +47 99 29 38 26

About Self Storage Group

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 Group is one of the leading self storage providers in

Scandinavia with a particularly strong position in the

Norwegian market. SSG operates more than 80 sites across

Scandinavia with a total lettable area of more than 100,000

square meters.

Important Notice

This announcement is not and does not form a part of any offer

to sell, or a solicitation of an offer to purchase, any

securities of the Group in the United States, Norway or any

other jurisdiction.

Copies of this announcement are not being made and may not be

distributed or sent into the United States, Australia, Hong

Kong, Canada, Japan, South Africa or any other jurisdiction in

which such distribution would be unlawful or would require

registration or other measures.

The securities referred to in this announcement have not been

and will not be registered under the U.S. Securities Act of

1933, as amended (the "Securities Act"), and accordingly may

not be offered or sold in the United States absent

registration or an applicable exemption from the registration

requirements of the Securities Act and in accordance with

applicable U.S. state securities laws. The Group does not

intend to register any part of the offering in the United

States or to conduct a public offering of securities in the

United States. Any sale in the United States of the securities

mentioned in this announcement will be made solely to

"qualified institutional buyers" as defined in Rule 144A under

the Securities Act.

Any offering of securities will be made by means of a

prospectus that will contain detailed information about the

Group and its management, as well as financial statements.

These materials are an advertisement and not a prospectus for

the purposes of Directive 2003/71/EC, as amended (together

with any applicable implementing measures in any Member State,

the "Prospectus Directive"). Investors should not subscribe

for any securities referred to in these materials except on

the basis of information contained in the prospectus.

In any EEA Member State other than Norway that has implemented

the Prospectus Directive, this communication is only addressed

to and is only directed at "qualified investors" in that

Member State within the meaning of Article 2(1)(e) of the

Prospectus Directive ("Qualified Investors"), i.e., only to

investors to whom an offer of securities may be made without

the requirement for the Group to publish a prospectus pursuant

to Article 3 of the Prospectus Directive in such EEA Member

State.

This communication is only being distributed to and is only

directed at persons in the United Kingdom that are (i)

investment professionals falling within Article 19(5) of the

Financial Services and Markets Act 2000 (Financial Promotion)

Order 2005, as amended (the "Order") or (ii) high net worth

entities, and other persons to whom this announcement may

lawfully be communicated, falling within Article 49(2)(a) to

(d) of the Order (all such persons together being referred to

as "relevant persons"). This communication must not be acted

on or relied on by persons who are not relevant persons. Any

investment or investment activity to which this communication

relates is available only for relevant persons and will be

engaged in only with relevant persons. Persons distributing

this communication must satisfy themselves that it is lawful

to do so.

Matters discussed in this announcement may constitute forward-

looking statements. Forward-looking statements are statements

that are not historical facts and may be identified by words

such as "believe", "expect", "anticipate", "strategy",

"intends", "estimate", "will", "may", "continue", "should" and

similar expressions. The forward-looking statements in this

release are based upon various assumptions, many of which are

based, in turn, upon further assumptions. Although the Group

believes that these assumptions were reasonable when made,

these assumptions are inherently subject to significant known

and unknown risks, uncertainties, contingencies and other

important factors which are difficult or impossible to predict

and are beyond its control. Actual events may differ

significantly from any anticipated development due to a number

of factors, including without limitation, changes in public

sector investment levels, changes in the general economic,

political and market conditions in the Norwegian market, the

Group's ability to attract, retain and motivate qualified

personnel, changes in the Group's ability to engage in

commercially acceptable acquisitions and strategic

investments, and changes in laws and regulation and the

potential impact of legal proceedings and actions. Such risks,

uncertainties, contingencies and other important factors could

cause actual events to differ materially from the expectations

expressed or implied in this release by such forward-looking

statements. The Group does not guarantee that the assumptions

underlying the forward-looking statements in this presentation

are free from errors nor does it accept any responsibility for

the future accuracy of the opinions expressed in this

presentation or any obligation to update or revise the

statements in this presentation to reflect subsequent events.

You should not place undue reliance on the forward-looking

statements in this document.

The information, opinions and forward-looking statements

contained in this announcement speak only as at its date, and

are subject to change without notice. The Group does not

undertake any obligation to review, update, confirm, or to

release publicly any revisions to any forward-looking

statements to reflect events that occur or circumstances that

arise in relation to the content of this announcement.