Acquisition

Lok'n Store Group PLC
08 January 2008

8 January 2008



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



                    Acquisition of Sites and Receipt of Cash



Lok'nStore, the fast growing AIM listed self-storage Company, is pleased to
announce that it has acquired two new sites in Maidenhead and Northampton. These
acquisitions will take the Company's total number of stores to 23 and total
space to over 1.2 million square feet of which  64% is held freehold/long
leasehold and 36% short leasehold.



Maidenhead



The long leasehold site of 1.6 acres in Maidenhead will provide up to 83,000
square feet of self-storage space when completed subject to planning permission.
It is prominently located opposite a busy retail park and was acquired for
£2.5m. Total investment will be up to £7m (inclusive of acquisition) with
opening scheduled for Summer 2009. The lease term runs until  April 2076.



The decision to acquire more new build sites follows the success of Lok'nStore's
first new build store at Farnborough and the imminent completion of purpose
built stores at Harlow and Portsmouth which are due to open shortly.



Northampton



The 20 year leasehold site in Northampton is prominently located close to the
city centre, and will provide up to 36,000 square feet of self-storage space.
The existing building will be fitted and branded on a short time scale and will
open during Spring 2008. Total investment will be £700,000.





Kingston Sale



Further to these acquisitions the Board is pleased to confirm the receipt of
£4.14 million representing the balance due plus accrued interest following the
sale of its Kingston store in June 2007 for £10 million. These proceeds will be
used for the acquisition of further new sites.



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



'We are delighted to have made these two acquisitions in Maidenhead and
Northampton. The three sites acquired so far this financial year add around
180,000 square feet to our pipeline demonstrating our commitment to the
continued growth of the business.'



                                    - 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




                      This information is provided by RNS
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