Planning granted at Reading

Lok'n Store Group PLC
10 January 2008


10 January 2008



             Lok'nStore Group plc ('Lok'nStore' and the 'Company')


                     Planning Permission Granted at Reading

Lok'nStore, the fast growing AIM listed self-storage company, is pleased to 
announce that it has obtained planning permission for residential development on 
the freehold site of its existing Reading store. The local planning committee 
originally rejected the application but the appeal has now been upheld and 
permission has been granted. The permission for 112 flats on the 0.66 hectare 
site will result in a significant uplift in value.

The Company already has planning permission for a new larger 53,500 sq ft store
on its site opposite the existing store. The prominence and modern look of the
new store with its distinctive orange livery will position Lok'nStore in a
highly visible and easily accessible location adjacent to the A33 at the gateway
to Reading. The existing self-storage business will be moved into the new store
once it is complete.


In due course the existing store site is likely to be sold with the benefit of
its permission for residential development and the proceeds will be reinvested
in further sites for new stores. The two properties in Reading are currently
valued together on the Company's balance sheet at £2.14 million (NBV).


Andrew Jacobs, Chief Executive of Lok'nStore Group, said:

'We are delighted to obtain this planning permission for our valuable Reading 
site.  We have already obtained planning permission for a larger store on our 
adjacent land and are looking forward to building and opening this exciting new 
store. This planning permission enables the execution of our strategy at 
Reading.

'This project is in line with our core strategy of continually reviewing and 
actively managing our operating portfolio, to ensure we are maximising its 
value. This includes strengthening our distinctive brand, increasing the size of 
our stores and moving or selling stores or sites when it will increase 
shareholder value.'





                                    - Ends -


For further information:

Andrew Jacobs, Chief Executive, Lok'nStore Group Plc           01252 521 010
Ray Davies, Finance Director, Lok'nStore Group Plc             01252 521 010
Billy Clegg, Edward Westropp, Financial Dynamics               020 7269 7157
Rowena Murray, Ben Poynter, Investec                           020 7597 5000








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