Safestore Holdings plc

("Safestore" or the "Company")

Directorate Change

21 July 2023

Safestore Holdings plc is pleased to announce that Avis Darzins has been appointed a Director of the Board and as an independent Non-Executive Director with effect from 1 September 2023.

Avis has over 20 years of senior executive level and management consulting experience in the retail, entertainment and media sectors, specialising in customer experience, strategy and business transformation.

Avis began her career in the retail sector covering domestic and international B2B and B2C sales and buying and category management before specialising in large-scale change programmes.  Before joining Sky PLC in 2009 as Business Transformation Director, Avis had spent eight years at Accenture, latterly as a Partner. Avis was a non-executive director of Moss Bros Group plc, until its sale in 2020.  More recently Avis has established her own business consulting company.

Avis is a non-executive director and a member of the Audit and Remuneration Committees for Marshalls plc and Grafton Group plc. Avis is also a Director and the Senior Independent Trustee for Barnardo's children's charity.

Committee Composition

Avis will be appointed as a member of the Audit and Remuneration Committees with effect from 1 September 2023.

David Hearn, Chairman, commented:

"I am delighted to welcome Avis onto the Board of Safestore. Avis brings a wealth of experience both from an in-house operational career and as a consultant, supporting large organisations. Her expertise will be highly valuable to Safestore as the business continues to expand."

There is no additional information required to be disclosed pursuant to Listing Rule 9.6.13 in relation to the appointment of Avis Darzins.

Enquiries

Notes to editors:

·      Safestore is the UK's largest self storage group with 185 stores on 30 April 2023, comprising 132 wholly owned stores in the UK (including 73 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, 8 stores in Spain, 10 stores in the Netherlands and 6 stores in Belgium.

·      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 more densely populated 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 90,000 personal and business customers.

·      As at 30 April 2023, Safestore had a maximum lettable area ("MLA") of 7.990 million sq ft (excluding the expansion pipeline stores) of which 6.124 million sq ft was occupied.

·      Safestore employs around 750 people in the UK, France, Spain, the Netherlands and Belgium.