Increased Bank Facility

Lok'n Store Group PLC
07 February 2007


7th February 2007

                       Lok'nStore Group plc (the 'Group')
                                        
                            Increased bank facility
                                        
Lok'nStore Group plc, the fast growing self-storage operator is pleased to
announce the agreement of a new £40 million bank facility which will provide
additional liquidity for the Group's existing and future expansion plans.

The new £40 million revolving credit facility replaces the previous £20 million 
facility and is secured on all of the existing property portfolio. Interest 
payable on the loan is on similar terms to the previous facility paying between 
1.25% and 1.35% over LIBOR.

Expansion of Stores

Works are underway for the expansion of the Fareham store opening late summer 
2007, and works will commence on the new freehold Portsmouth store in March 2007,
which will open at the end of 2007 and will deliver net lettable area of 
approximately 64,000sq ft.

This will take the total lettable space for the group to around 980,000 sq ft, 
of which 60% is held freehold and 40% leasehold.

Current trading

Current trading is in line with expectations, with average prices for 
self-storage increasing from £16.40 per sq ft in July to £16.70 on January 31st 
2007.

Lok'nStore will announce its interim results for the six months ended 31 January 
2007 on 23 April 2007.

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

'We are pleased to announce the doubling of Lok'nStore's bank facility to 
£40 million which underlines our commitment to the continued growth of the 
business. This facility provides the headroom to continue the improvement and 
expansion of the existing portfolio, strengthening the brand and improving 
margins, as well as for acquisition of new sites. The self-storage market in the 
UK remains very attractive and Lok'nStore is well positioned to capitalise on 
the opportunities available'

                                    -  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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