Acquisition of Site

Lok'n Store Group PLC
02 April 2007

2nd April 2007



                      Lok'nStore Group plc ('Lok'nStore')

               Acquisition of site - Breaks 1 million square feet

Lok'nStore, the fast growing AIM listed self-storage Company, is pleased to
announce that it has acquired the freehold of a new build site on Edinburgh Way,
Harlow.

This takes the Company's total lettable square footage to 1,023,000, breaking
the 1 million square feet barrier for the first time. 62% of this space is held
freehold and 38% leasehold.

The store will carry Lok'nStore's distinctive orange branding and provide 69,000
square feet of self-storage space. The store is prominently located opposite a
busy retail park.

The site has all the necessary planning consents and will cost approximately £5
million once fully constructed and fitted out.  It is expected to open in spring
2008.

The decision to acquire more new build site follows the success of Lok'nStore's
first new build store at Farnborough overlooking the M3, which is trading well
and provides a model for Lok'nStore's future development.

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

'We are delighted to have broken through our 1 million square feet target,
demonstrating our commitment to continued rapid growth.



'The larger new build Lok'nStore sites provide a model for our future
development with their increased prominence, attractive modern designs and
higher margins.'



                                    - 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

Jonathon Brill/Billy Clegg/Edward Westropp, Financial Dynamics     020 7269 7157

Rupert Krefting, Paul Gray, Investec                               020 7597 5000






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