FOR IMMEDIATE RELEASE

LEI 213800WGA3YSJC1YOH73

5 December 2022

Safestore Holdings plc

(the "Company")

Issue of Shares in connection with the Company's 2017 Long Term Incentive Plan and Total Voting Rights

On 2^nd December 2022, the trustee of the Safestore Employee Benefit Trust (the "Trustee" and the "Trust"), subscribed for 3,497,843 ordinary shares of £0.01 each in the capital of the Company for a subscription price equal to the nominal value per share (the "EBT Shares").  The EBT Shares are held in a nominee account on behalf of the Trustee and will be used to satisfy share awards granted by the Company under its 2017 Long-Term Incentive Plan (the "Plan") as and when they are exercised in accordance with the rules of the Plan.

The EBT Shares rank pari passu in all respects with the existing issued shares of the Company.

In accordance with DTR 5.6.1R, following the above share issue, the Company's issued share capital consists of 217,558,422 ordinary shares of £0.01 each (the "Ordinary Shares"), with one vote per share.  The Company does not hold any Ordinary Shares in treasury.  Therefore, the total number of voting rights is 217,558,422 and this is the figure which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

 For further information, please contact:

Safestore Holdings plc

Helen Bramall, Company Secretary                                 Tel: 020 8732 1550