Exercise of Options

Lok'n Store Group PLC
06 November 2006

6 November 2006


              Lok'nStore Group Plc ('Lok'nStore' or the 'Company')


Lok'nStore announces the exercise by directors' of their founder options 
('Founder Options'). These Founder Options were granted under arrangements
pertaining to the Company's original move onto the OFEX market in 1997 and were
due to expire in April 2007. Their resultant holding in the Company's ordinary
shares of 1 pence each (the 'Ordinary Shares') following disposal of the
Ordinary Shares issued pursuant to the exercise of the Founder Options is as
follows:-

Director              No. of    Exercise    Exercise    Ordinary    Disposal     Date of    Resultant % holding
                     founder   price per        date      Shares   price per    disposal      holding
                     options       share                disposed       share
                   exercised


Simon Thomas         496,489         37p    03/11/06     496,489        181p    03/11/06    2,187,500      8.2%
(Chairman)


Andrew Jacobs        992,978         37p    03/11/06     992,978        181p    03/11/06    5,314,000     19.9%
(Chief Executive)


Colin Jacobs         130,000         37p    03/11/06     130,000        181p    03/11/06          nil        0%
(Executive Director)


Following this exercise, no Founder Options remain. The directors continue to
retain share options granted subsequent to 1997.


The resultant beneficial holdings of the directors following the above
transactions remain unchanged. In aggregate, the Directors referred to above,
hold 8,041,925 ordinary shares in the Company (including their indirect holdings
of Lok'nStore shares through two pension schemes (540,425 shares)) representing
30.11% of the Company's share capital as enlarged by the issue of Ordinary
Shares to satisfy the exercise of the Founder Options.


Application has been made to the London Stock Exchange for a listing of the
1,619,467 Ordinary Shares in relation to the exercise by the directors of their
Founder Options and for a listing of a further 7,133 Ordinary Shares in relation
to the exercise by a non-director of her remaining Founder Options. Following
admission, the Company will have 26,717,744 Ordinary Shares in issue.


                                   -  Ends  -

For further information, please contact:

Lok'nStore Group plc
Andrew Jacobs, Chief Executive
Ray Davies, Finance Director
Tel: [phone]

Financial Dynamics
Billy Clegg
Jonathan Brill
Tel:  [phone]


                      This information is provided by RNS
            The company news service from the London Stock Exchange