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Oslo, 20 September 2023 - Self Storage Group ASA (the "Company", OSE: SSG) and T
-C Storage HoldCo AB (the "Offeror"), an indirect subsidiary of Teachers
Insurance and Annuity Association Inc ("TIAA"), advised by Nuveen Asset
Management Europe S.à.r.l. ("Nuveen"), announces today that they have reached an
agreement whereby the Offeror, subject to certain terms and conditions, will
launch a recommended voluntary cash tender offer (the "Offer") for 100% of the
shares (the "Shares") of the Company.

A cash consideration of NOK 40 (the "Offer Price") will be offered per Share,
which implies a total consideration for all the Shares of approximately NOK
3,787 million (based on 94,678,584 shares outstanding as per 19 September 2023).
The Offer Price represents a premium of 66.7% over the closing price of the
Shares on 19 September 2023 of NOK 24.0 and a premium of 65.1% over the average
volume weighted share price adjusted for dividend during the last six months up
to and including 19 September 2023 of NOK 24.2.

The Company's board of directors unanimously recommends the Offer. Shareholders
representing a total of 70.51% of the outstanding Shares have on certain terms
and conditions undertaken to accept the Offer, including the Company's largest
shareholders Alta Lux Holdco S.à r.l., a company affiliated with Centerbridge
Partners, Fabian Holding AS, GSS Invest AS and First Risk Capital AS.

Key Terms of the Offer

The Company's shareholders will be offered NOK 40 per Share in cash
consideration which implies a total consideration for all the Shares of
approximately NOK 3,787 million (based on 94,678,584 shares outstanding as per
19 September 2023). The Offer Price implies:

  · A premium of 66.7% to the closing price of the Shares on the Oslo Stock
Exchange on 19 September 2023 of NOK 24.0.
  · A premium of 65.1% to the volume weighted average share price adjusted for
dividend during the last six months up to and including 19 September 2023 of NOK
24.2.
  · A premium of 63.2% to the volume weighted average share price adjusted for
dividend during the last twelve months up to and including 19 September 2023 of
NOK 24.5.

The Offer Price will be reduced by the amount of any dividend or other
distributions made by the Company.

The complete details of the Offer, including all terms and conditions, will be
contained in an offer document (the "Offer Document") to be sent to the
Company's shareholders following review and approval by the Oslo Stock Exchange
pursuant to Chapter 6 of the Norwegian Securities Trading Act. The Offer
Document is expected to be approved during the week commencing 9 October 2023.
The Offer may only be accepted based on the Offer Document.

The Offer is not subject to any financing condition. As further detailed and
specified in the Offer Document, completion of the Offer will be subject to
fulfilment or waiver by the Offeror (in its sole discretion) of the following
conditions:

 1. valid acceptance of the Offer by eligible shareholders to such extent that
the Offeror becomes the owner of shares representing more than 90% of the issued
and outstanding shares and voting rights in the Company on a fully diluted
basis