(Oslo, October 31th 2023) Self Storage Group ASA (Self Storage Group, OSE:SSG)
has entered into an agreement to acquire a property in Gandsbakken 2 in
Stavanger, Norway. The transaction has a value of NOK 10,85 million and the
property has a potential lettable area of 950 square meters. The facility is
projected to open in Q3 2024 and will be operated under the OK Minilager brand.

"We are pleased to announce the acquisition of this property in Hillevåg,
Stavanger. The property has a large catchment area, just south of the city
center of Stavanger. SSG is the market leader in the region with 8 existing
facilities. Stavanger/Sandnes is NorwayŽs 3rd largest metropolitan area. This
acquisition is in line with our strategy to grow our freehold portfolio in
selected markets. The demand for self-storage is growing, and the demand has
proven to be resilient during previous recessions. Especially urbanization and
smaller living spaces are causing an increasing need for external storage
solutions" says Fabian Søbak, Chief Executive Officer of 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