New Self Storage Site

Lok'n Store Group PLC
29 July 2003



                              LOK'NSTORE GROUP PLC
                        ('Lok'nStore' or 'the Company')

                      NEW SELF-STORAGE SITE IN EASTBOURNE


The Board of Lok'nStore, the AIM listed self-storage company, announces the
further expansion of the Company's network of self-storage centres with the
acquisition of a new site in Eastbourne, East Sussex.

The new site is a leasehold property, with 40,650 sq ft of net lettable space
and is scheduled to open in September 2003. Situated on the main arterial route
into Eastbourne the site boasts a prime location and benefits from excellent
visibility, prominence and high levels of passing traffic.   This new site will
complement our existing locations in the South of England in Portsmouth,
Southampton, Poole, Ashford, Horsham and Fareham.

The Eastbourne site brings the Company's total number of storage centres to 18.

Andrew Jacobs, Chairman, of Lok'nStore, commented:

'We are delighted to have obtained such a strong foothold in Eastbourne. This
satisfies our site acquisition criteria and has been high on our target list for
some time.

'We remain mindful of the current commercial property market and will continue
to apply our stringent investment criteria to future acquisitions as we grow the
Group.'


                                                                    29 July 2003

Enquiries:

Lok'nStore Group PLC    Andrew Jacobs, Chairman               Tel: [phone]
                        Christopher Stevens, 
                        Finance Director

College Hill            Justine Warren                        Tel: [phone]



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