Property Valuation

Lok'n Store Group PLC
17 August 2006

17th August 2006


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

                               Property Valuation


Following the opening of the large new freehold stores at Farnborough and
Crayford and the increase in space at Poole which came on line in the Autumn of
last year, the Board of Lok'nStore has appointed Cushman, Wakefield, Healey &
Baker to value the Group's property portfolio as at 31st July 2006.


The last property valuation was conducted as at 31st January 2005, valuing the
property at a total value of £33.6 million, against net book value of £18.4
million.


The result of the valuation will be announced with the preliminary results for
the financial year to 31st July 2006 on Monday 30th October 2006.


                                   -  Ends  -


For further information, please contact:


Andrew Jacobs, CEO, Lok'nStore Group plc,   01252 521 010


Rupert Krefting, Investec Securities,       020 7597 4000


Billy Clegg, Financial Dynamics             020 7831 3113




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