Trading Update

Lok'n Store Group PLC
30 July 2003





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

                                 TRADING UPDATE


Ahead of the Company's preliminary results announcement for the year ending 31
July 2003, Lok'nStore Group plc, the AIM listed self storage company, today
provides the following update on trading which is in line with current market
expectations.


•        Turnover for the year is expected to be £5.6m an increase of 12% from
£5.0m.

•        Annualised turnover is currently running at £5.9m.

•        Merchandise and insurance sales are currently running at 9.2% of
storage revenue.

•        Recently the Company has seen a strengthening in trade with increased
levels of enquiries and conversions.

•        There are 17 stores currently open plus the recently announced addition
of Eastbourne, which will open in September 2003.



Share Buy-Back



The Group also announces its intention to seek authority from its shareholders
to purchase and cancel ordinary shares in the Company.



In order to create the necessary distributable reserves, the Company proposes to
reduce its share premium account, a process which requires both shareholder
approval and confirmation from the Court. A circular will be sent to
shareholders shortly.  This will detail the proposals including the size and
nature of the buyback and convene the necessary shareholder meeting.



30 July 2003



Enquiries:


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

College Hill                   Justine Warren                           Tel: [phone]




                      This information is provided by RNS
            The company news service from the London Stock Exchange