Expansion of Stores

Lok'n Store Group PLC
20 November 2006

20 November 2006


                              Lok'nStore Group plc


                              Expansion of stores


Lok'nStore Group plc, the fast growing AIM listed self-storage operator is
pleased to announce significant expansion plans at two of its stores.


Fareham - to double in size

A new lease has been signed at the Company's Fareham store.  By expanding into
the adjacent building, the new lease doubles the size of the store to around
60,000 square feet.


This acquisition is in line with the Company's strategy to increase the average
size of the stores, further increasing profit margins.


New Portsmouth store doubles available space and acquires freehold

The Company also recently purchased a new freehold site for the existing
leasehold business in Portsmouth. This new freehold doubles the space available
to the Portsmouth business to around 60,000 sq ft, and will replace the existing
leasehold store.


These two centres will both carry the distinctive orange livery which is proving
an effective generator of business.


Together these two transactions take total lettable space for the Group to
around 980,000 sq feet, 60% of which is held freehold and 40% leasehold.


Andrew Jacobs, CEO of Lok'nStore Group plc said:

'We are pleased to announce these two acquisitions which are consistent with our
strategy to increase the size of our self-storage centres, improving our profit
margins, and where possible to acquire freeholds for our existing leasehold
businesses. Both stores will have the distinctive orange livery which is
increasing the visibility of our brand and proving so effective in maximising
customer response to our prominent store locations.'



                                   -  Ends  -


For further information, please contact:

Andrew Jacobs, CEO, Lok'nStore Group plc
Ray Davies, FD, Lok'nStore Group plc
Tel: [phone]


Jonathon Brill/Billy Clegg, Financial Dynamics
Tel: [phone]


David Currie/Rupert Krefting, Investec
Tel: [phone]




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