Store Portfolio Update

Lok'n Store Group PLC
28 September 2005


28 September 2005
                              Lok'nStore Group plc

                             Store Portfolio Update


The Board of Lok'nStore Group plc ('Lok'nStore' or 'the Company') is pleased to
announce the acquisition of a new freehold site at Crayford in South-East
London, taking the number of Lok'nStore self-storage sites to 21.

The new-build site will provide up to 70,000 lettable square feet and is in a
highly visible location between Crayford, Dartford and Erith. The store is
scheduled to open before the end of the calendar year.

In addition construction of the new 58,000 square foot freehold store
over-looking the M3 at Farnborough, (Hampshire) is progressing well, with
opening expected early in the New Year.

Following the granting of planning permission for the building of high-density
residential flats at Kingston last year, the Board is actively pursuing
negotiations on the potential sale of the site.

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

'We are delighted that these two new freehold stores are in such prominent
positions and will be trading by the new year. They will add 128,000 square feet
of lettable self-storage space, taking Lok'nStore to a total of around 920,000
lettable square feet, an increase of 16%. Our established (over 250 weeks old)
freehold stores achieved annualised EBITDA per square foot of £6.31 in the half
year to January 2005, on an average store size of 44,000 square feet.'

                                      Ends


For further information, call:

Andrew Jacobs, CEO, Lok'nStore                                  020 8547 2288
Ray Davies, FD, Lok'nStore                                      020 8547 2288
Billy Clegg, Financial Dynamics                                 0207 831 3113
Rupert Krefting, Investec                                       020 7597 5133






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