New Bank Facility

Lok'n Store Group PLC
25 July 2005

25th July 2005



                              Lok'nStore Group plc

                         New £20 Million Bank Facility

Highlights

•         Agreement of new £20m bank facility
•         Current trading brisk

New Banking Facility

Lok'nStore Group plc, ('the Group') the fast growing AIM listed self-storage
company, is pleased to report that it has agreed a new £20 million revolving
credit facility at a reduced cost for the Group. The new facility replaces the
previous £10 million facility and provides sufficient additional liquidity for
the Group's expansion plans. Interest payable on the loan is on improved terms,
paying between 1.25% and 1.35% over LIBOR.

The facility is secured on the existing self-storage portfolio, excluding the
Kingston and Reading properties. This ensures that the Group has full
flexibility to maximise the value of any exit or realisation of these two
redevelopment opportunities. Following the signing of this new facility,
management is confident, that the Group is in a position to continue growing the
self-storage operation, and to maximise any realisation value from the
redevelopment assets.

Current trading

Current trading is brisk, with the newer stores filling up and turnover at
established stores (over 250 weeks old) still growing at over 11% year to year.
The Board is continuously evaluating potential new store opportunities, and
contractors are now on-site at Farnborough, with the new store due to be opened
by the end of the calendar year.

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

'The increase of Lok'nStore's bank facility on a lower interest rate underlines
our strong cash flow and asset value growth. This new facility enables continued
expansion of Lok'nStore's business while allowing the Board full flexibility to
maximise the proceeds from any sale of Kingston and Reading. The Board is
evaluating whether to reinvest the proceeds from these two projects towards
further accelerating the growth of the business, or returning cash to
shareholders. A decision as to the best route for shareholders will be made in
due course.'



Ends

For further information:

Andrew Jacobs, Chief Executive, Lok'nStore Group plc             020 8547 2288
Ray Davies, Finance Director, Lok'nStore Group plc
Jonathon Brill/Billy Clegg, Financial Dynamics                   020 7269 7157
Rupert Krefting, Paul Gray, Investec Securities                  020 7597 5000




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