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

(Oslo, 4 November 2019) Self Storage Group ASA (Self Storage Group, OSE:SSG) has entered into an agreement to acquire Haakon Magnussons gate 1A AS. Haakon Magnussons gate 1A AS is the owner of the property Haakon Magnussons gate 1A in Trondheim, Norway. The transaction has a property value of NOK 40.25 million, with a gross area of 3 400 square meters and an estimated lettable area of 2 100 square meters. The facility is projected to open during Q2 2020. Haakon Magnussons gate 1A will be operated under the City Self-Storage brand.

“The property is centrally located at Lade in Trondheim, with easy access and great visibility. The location is highly compatible with our development project at Tiller, giving SSG a strong position in Trondheim in 2020. 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, says Martin Nes, Chairman of Self Storage Group.

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 operates 110 sites across Scandinavia with a current lettable area of 134 900 m2.