Stor-Age announced this week that it had successfully acquired Lotto Lotto Storage (Lotto) in Boksburg, Johannesburg.

Situated in a prime location, the property lies in a residential node, with very close proximity to the East Rand Value Mall and other commercial and retail activity. Lotto enjoys outstanding exposure onto the N12 highway and consists of more than 6,700m² of self storage space and 400 units. Lotto was developed during 2007 and trades at occupancy levels of 95%+.

Stor-Age CEO Gavin Lucas commented, "Without a doubt one of SA's leading independent self storage properties, we are very pleased to have completed this transaction. The acquisition forms part of our broader market consolidation strategy and provides us with significant presence on the East Rand."

Facts & Figures
Stor-Age acquires Lotto in Boksburg, Johannesburg

Lotto consists of more than 6,700m² of GLA and 400 units

Acquisition will significantly grow Stor-Age's market share in the Gauteng region

Acquisition forms part of Stor-Age's broader market consolidation strategy

For further information, please contact:
Stor-Age Self Storage

Media and investor relations

Steven Horton, +27 (0) 21 559 8128

Stor-Age Self Storage:
Stor-Age is the largest and leading self storage company in South Africa. Stor-Age features a portfolio of premium grade self storage facilities in operation and under development throughout South Africa.

The corporate office of Stor-Age is based in Cape Town, South Africa.

For more information on Stor-Age, visit www.stor-age.co.za