16 December 2021

Safestore Holdings plc

("Safestore" or the "Company")

Committee Composition

Safestore announces that following its directorate changes notified to the market on 30 September 2021, the following Directors have been appointed as members of the Committees of the Board with effect from 15 December 2021:

Full details of the composition of the Board and the Committees are available on the Company's website, www.safestore.co.uk.

This announcement is made in accordance with LR 9.6.11 of the Financial Conduct Authority's Listing Rules.

  Enquiries

Notes to editors:

·      Safestore is the UK's largest self-storage group with 161 stores at 31 October 2021, comprising 128 wholly owned stores in the UK (including 71 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool, Sheffield, Leeds, Newcastle and Bristol) 29 wholly owned stores in the Paris region and four stores in Barcelona. In addition, the Group operates eight stores in the Netherlands and six stores in Belgium under a joint venture agreement with Carlyle.

·      Safestore operates more self-storage sites inside the M25 and in central Paris than any competitor providing more proximity to customers in the wealthiest and densest UK and French markets.

·      Safestore was founded in the UK in 1998. It acquired the French business "Une Pièce en Plus" ("UPP") in 2004 which was founded in 1998 by the current Safestore Group CEO Frederic Vecchioli.

·      Safestore has been listed on the London Stock Exchange since 2007. It entered the FTSE 250 index in October 2015.

·      The Group provides storage to around 80,000 personal and business customers.

·      As at 31 October 2021, Safestore had a maximum lettable area ("MLA") of 6.960 million sq ft (excluding the expansion pipeline stores, and the Carlyle Joint Venture) of which 5.883 million sq ft was occupied.

·      Safestore employs around 700 people in the UK, Paris and Barcelona.