Appointment

Lok'n'Store Group PLC
5 March 2001


                             LOK'nSTORE GROUP PLC

                       Appointment of Managing Director


The Directors of Lok'nStore Group plc, the self-storage company that joined
the Alternative Investment Market in June 2000, are pleased to announce the
appointment of Steven Hourston as Managing Director. The appointment takes
effect from 2 April 2001.

Steven, aged 37, joins from Boots The Chemist ('BTC'), where he was Regional
General Manager, South-East England and the youngest regional general manger
in BTC's recent history. As Regional General Manager, he was responsible for
the operational management and development of 152 stores, generating sales of
approximately £600 million and employing 7,500 staff.

He was also responsible for new site acquisition and a member of Head Office
steering groups for Boots Advantage Card and New Store Formats. Steven joined
BTC in 1984 and prior to his appointment as Regional General Manager, he was
Head of Operations of BTC Heathcare Business.

Andrew Jacobs, chief executive of Lok'nStore, commented,

'We are delighted to welcome Steven to Lok'nStore. His appointment is an
important step forward in the development of the group.

Steven has first class credentials and offers a wealth of experience amassed
during his 16 years at Boots. This will prove invaluable to the group as we
pursue our ambitious expansion strategy.

The group is making very pleasing progress in establishing itself as a
significant player in this rapidly growing sector and I look forward to
updating shareholders on further developments as they arise.'


Press enquiries:
Lok'nStore Group plc  Andrew Jacobs, Chief Executive      Tel: [phone]
Biddick Associates    Katie Tzouliadis                    Tel: [phone]