FOR IMMEDIATE RELEASE

LEI 213800WGA3YSJC1YOH73

26 January 2023

Safestore Holdings plc

(the "Company")

Block Listing and Allotment of Ordinary Shares

The following applications have been made to the Financial Conduct Authority and the London Stock Exchange plc:

·      a block listing application for 129,990 ordinary shares of 1 pence each in the capital of the Company (the "Block Listing Shares") to be admitted to the Official List of the Financial Conduct Authority and to trading on the Main Market of the London Stock Exchange plc; and

·      an application for 2,166 ordinary shares of 1 pence each in the capital of the Company (the "Allotment Shares"), allotted following the exercise of awards held under The Safestore Holdings plc 2020 (3YR) Sharesave Scheme, to be admitted to the Official List of the Financial Conduct Authority and to trading on the Main Market of the London Stock Exchange plc.

It is anticipated that the Block Listing Shares and the Allotment Shares will be admitted on or around 27 January 2023.

The Block Listing Shares will be issued as and when required, pursuant to the exercise of awards held under The Safestore Holdings plc 2020 (3YR) Sharesave Scheme.

The Allotment Shares and, when issued, the Block Listing Shares will rank pari passu in all respects with the existing issued shares of the Company.

For further information, please contact:

Safestore Holdings plc

Helen Bramall, Company Secretary                                 Tel: 020 8732 1550