Strategic review in Self Storage Group

Reference is made to the announcement on 17.01.2020 that Zeon Lux S.à r.l., an entity managed by affiliates of Centerbridge Partners, L.P. had purchased shares representing 23.28% of the outstanding shares and votes in Self Storage Group ASA (Self Storage Group, OSE:SSG).

Against the backdrop of gaining a new large shareholder, the Board of Self Storage Group has decided to commence a strategic review to explore all available options to maximize shareholder value and ensure equal treatment of shareholders. During the strategic review, the Board will engage with interested parties and also carefully consider the attractive opportunities Self Storage Group has as a stand-alone entity.

Self Storage Group has retained Carnegie as financial advisor and Schjødt as legal advisor to assist in the strategic review.

For additional information, please contact:

Cecilie Hekneby, CFO, +47 99 29 38 26

Petter J Hagen, Carnegie, +47 93 40 93 84

Espen T Kittilsen, Carnegie +47 93 40 93 97

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 Q3 2019 Self Storage Group operates 110 sites across Scandinavia with a current lettable area of 134 900 square meters.