Board change

Lok'n Store Group PLC
16 July 2001


                             LOK'NSTORE GROUP PLC

                                 BOARD CHANGE

Lok'nStore Group plc, the self-storage company, announces that Paul Read,
non-executive director, has stepped down from the board in advance of his move
from the UK to Canada.

The directors would like to thank Paul for his contribution to the group and
wish him well in his future ventures in Canada. The board expects to announce
the appointment of a replacement non-executive director shortly.

Enquiries:
Lok'nStore Group plc   Andrew Jacobs, chief executive        Tel: [phone]
                       Steven Hourston, managing director
Biddicks               Katie Tzouliadis                      Tel: [phone]