Self Storage Group ASA - Acquisition of new property in Stavanger, Norway

(Oslo, September 26th 2018) Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire Vteto AS. Vteto AS is the owner of a property in Kvalabergveien 21 in Stavanger, Norway. The transaction has a property value of NOK 7 million, with an estimated lettable area of 700 square meters. Kvalabergveien 21 will be operated under the OK Minilager brand.

"With this acquisition we strengthen our position as market leader in the Stavanger Region. This acquisition is in line with our strategy to grow our freehold portfolio in selected markets. There is a growing demand for self storage in Norway, as urbanization and smaller living spaces cause an increasing need for external storage solutions. Kvalabergveien 21 will be the 6th OK Minilager facility in the Greater Stavanger region, the 3rd most populous urban area in Norway, says Martin Nes, Chairman of Self Storage Group.

The facility will be opened during the 2nd quarter of 2019. The transaction is expected to be closed during the 4th quarter of 2018.

For additional information, please contact: Cecilie 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. As of 26 September 2018 Self Storage Group operates 96 sites across Scandinavia with a current lettable area of more than 115,000 square meters.

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